At the request of your supplier and in the light of our internal appraisal of your credit standing, we will take the initiative in offering your supplier a credit line, under which we will not only protect his export receivables assigned to us against your credit risk, but provide you with financial management services as well.

Applicability
Import factoring is suitable for your Open Account (O/A) import business.

Main advantages

·Free Guarantee
Our protection of your credit risk is absolutely free. Your creditworthiness and bargaining position are thus significantly enhanced.

·Cost control
Import under O/A payment term enables you to lower banking charges and sell first and pay later. The efficiency of your working capital is improved as a result.

·Convenient operation
Import factoring makes your import business an easy thing, i.e. you don' t have to be bothered with applying for a credit line, placing collateral or opening an L/C.

·Simplified financial management
We will assist you in managing your account payables by offering various professional services such as due date reminder and reconciliation, etc., which enables you to shift away the tedious work of financial management.

·Stable trading partnership
The export factor at your supplier' s location will extend our protection of your credit risk to the supplier and even provide advance to him as well. Hence, the more business conducted between you and the supplier, the firmer your partnership established.

Operational Process
Please select O/A as the payment term when negotiating with your supplier and suggest him to submit factoring application to us, your import factor, through his local export factor.
Upon receipt of your supplier' s application, we will notify him of our credit line decision after comprehensive assessment of your credit standing.
The supplier will dispatch goods and assign the related export receivables to us in accordance with our approved credit line.
When the factored invoices come due, we will remind you to effect payment.
 
For more detailed information about import factoring, please inquire our offices at your location.