Export Factoring
Hong Kong Branch, as an export factor, can purchase export receivables under open account transactions from customers. Customers can be granted a pre-approved factoring facility limit and obtain financing by assigning the receivables to our bank according to pre-set conditions (such as the designated buyers and subject to their limits assigned) without collaterals required.
Our bank, in cooperation with a number of prominent export credit insurers, provides up to 90% credit protection against defaults by local and overseas buyers, allowing customers intently develop their businesses and optimize their receivable portfolios.
In addition to converting the receivables to cash immediately, customers can also transfer buyer credit risk and the related collection tasks to our bank.
Features and Advantages:
- With our dedicated bills team and the worldwide network of Bank of Communications, we can provide comprehensive, suitable and professional services tailored to our clients' needs in international trade transactions.
- Experienced bills team can help clients on the letters of credit / collection and other professional issues, to help resolve disputes on the bills, providing customers with reliable and flexible trade related services.
- By import and export trade financing, our bank helps importers improve the cash flow of and maintain the smooth operation of supply chain, and allows export enterprises to smoothly use the payment of goods received in the earliest possible time and at the same time transfer the risk on receipt and payment of funds.
Offshore Financing with Guarantee from PRC
Offshore Guarantee for Financing in PRC
