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CMBC Factoring Package
CMBC Factoring Package
 A financial product designed by CMBC for enterprise’s account sale, including providing trade financing, business credit investigation, accounts receivable management and credit risk guarantees and other integrated services designed to solve business problems in accounts receivable, so sales for an enterprise become easier, payment more secure and timely.
Types
Domestic Factoring with Recourse
Domestic Factoring without Recourse
International Factoring(D/P)
Conditions
·The account sales have true and valid background
·Product quality stable, highly standardized
·Claim documents complete, accounts receivable without rights flaws
Process(Taking export L/C and open draft after document submission as an example)
Product Advantage

·Professional service, advantageous in the market

Based on the powerful network and technology advantage of bank, enterprise is no longer unfamiliar with the creditability of new trade partners, which effectively increases sales.

·Turnover the future and succeed now

Bank pay cash at sight, which accelerates capital turnover of enterprises, avoids large amount of capital occupied by accounts receivable, to maximize benefits and efficiency

·Financial optimization, value improved

Account receivable turns into cash, financial structure improved, corporate value heightened

·Risk protected, get paid without worries

Bank guarantees the credit risks of buyer, removes the worries of enterprises

 

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