Factoring
Through our factoring service, our corporate clients will be able to transfer their creditor’s right to IBT, who will provide credit facilities and account management services free of collaterial, and at the same time undertake the credit risk from the buyer.
Benefits of Factoring
- Full absorption of the buyer’s credit risk: IBT assumes 100% of the credit risk in case of defaults and enhances financial risk management capabilities.
- Providing funding facilities: By accelerating cash flows, your business will achieve better capital utilization.
- Account Management and Collection Service –We provide professional account management services that save you valuable time and alleviate the hassles of collection.
- Increase production and create new markets. Customers will benefit from our attractive terms and conditions while enhancing their competitive advantage.
- Assist asset-liability management: Improve the turnover ratio of accounts receivable and minimize the ratio of liabilities, thereby improving the financial structure for your company.
Documentation Requirement for Ownership Transfer of Factoring Proceeds：
- Documentation for transfer of creditor’s right: Invoice, Order, Shipping Documents, factoring proceeds
- Procedures of factoring:
|
