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Trade Financiers

Export Maturity Factoring

【Product Definition】

Within the frame of export two-factors factoring business, the exporter’s receivables from its export through credit sales are assigned to Minsheng Bank, Minsheng Bank then cooperates with an overseas import factor, which will perform earlier payment (with or without recourse) of the amount involved in factoring.

【Applicable Scope】

Exporting enterprises that use O/A or D/A settlement.

【Product Advantages】

Easy financing (with advantageous prices of funds) and the client’s earlier receipt of foreign exchange, which helps improve its financial structure;

Earlier settlement of foreign exchange to avoid exchange rate risk;

Guarantee of security and account maintenance for payment received from overseas.