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Trade Financiers

Single/Two-Factor Export Factoring

【product Definition】

After receiving the receivables assigned by an exporter from its sales to an overseas buyer through credit sale, Minsheng Bank will provide the exporter with financing, maintenance of sales ledger, collection of receivables, overseas buyer’s credit risk guarantee and other relevant services. When Minsheng Bank seeks cooperation with any overseas factor to provide some of these services, what it offers is two-factors factoring, otherwise it is Minsheng Bank’s single-factor factoring business.

【Applicable Scope】

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

【Product Advantages】

Easy financing and the client’s earlier receipt of foreign exchange, which helps improve its financial structure;

Earlier settlement of the foreign exchange to avoid exchange rate risk;

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

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