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Single-factor International Factoring

Time: 2011-05-31 17:03From:鏈煡Writer: adminClick:

(1) Factoring arrangement set up between the seller and factor (including pre-credit approval on specific buyers) (2) Supplies goods/services to the buyer (3) Provides invoice for goods/services and assignment of receivable to the export fa



(1) Factoring arrangement set up between the seller and factor (including pre-credit approval on specific buyers)

(2) Supplies goods/services to the buyer

(3) Provides invoice for goods/services and assignment of receivable to the export factor

(4) Prepayment to the seller or assumption of credit risk if no prepayment to the seller

(5) Sends invoice to the buyer for collection of payment

(6) Receives invoice payment form the buyer

(7) Payment of invoice amount (less fees) to seller (if there is no prepayment or buyer’s non-payment falls within credit risks assumed by the export factor)