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Two-factor International Factoring

Time: 2011-05-31 16:47From:鏈煡Writer: adminClick:

Double Factoring

  1. Factoring arrangement ser up between the seller and export factor (including pre-credit approval on specific buyers)
  2. Set up inter-factor arrangement ( including pre-credit approval on specific buyers)
  3. Suppliers goods/services to the buyer
  4. Provides invoice for goods/services and assignment of receivable to the export factor
  5. Prepayment to the seller or assumption of credit risk if no prepayment to the seller
  6. Provides invoice for good/services and assignment of receivable to the export factor
  7. Prepayment to the export factor or assumption of credit risk if no prepayment to the export factor
  8. Send s invoice to the buyer for collection of payment
  9. Receives invoice payment form the buyer
  10. Payment of invoice amount (less fees) to export factor (if there is no prepayment or buyer’s non-payment falls within credit risk assumed by the import factor)
  11. Payment of invoice amount (less fees) to seller (if there is no prepayment or buyer’s non-payment falls within credit risk assumed by the export factor)