JRF International Factoring

International factoring is a finance service offered by the factoring company (the factor) based on the buyer’s credit. The service includes guarantee on buyer's (importer) credit risk for sellers and finance for seller (exporter) based on the account receivables.

How it works
1. Select O/A or D/A as the payment term for import business
2 Submit factoring application to factor,
3 Factor will notify the credit line after credit review on buyer(importer)
4 Factoring agreement will be signed between seller (exporter) and the factor
5 Goods will be delivered by seller(exporter) to buyer(importer)
6 Seller (exporter) assign the related export receivables to the factor
7 when invoices come due, buyer (importer) pay factor for the goods he purchased
8. Next transaction can start.

Benefits to Buyer:
1 Reduce operating cost due to delay the payment.
2 No need to open Letter of Credit to support business growth.
3 Enhance purchasing power without using existing lines of credit.
4 No additional collateral or guarantee from buyer’s end but credit review.
5 Improve business profitability.