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Import Factoring
 
At the request of an export factor, CMB as an import factor provides full factoring service including your, buyer’s (importer’s) credit protection, collection and ledgering of account receivables, or tailored factoring service like collection only and invoice verification, etc.

Benefits
Free credit line: Usually you don’t have to apply for a credit line or provide collateral. Protection of your credit risk by us is based on your credit standing.
Simplified trade: Your trade process is simplified due to Open Account (O/A) or Documents against Acceptance (D/A) payment terms.
Financial efficiency increased: Import under O/A payment terms enables you to sell first and pay later, thus improving the efficiency of your working capital.
More trading opportunities: O/A or D/A enables you to buy more goods with limited capital and quicken capital turnover.
Note:
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.