Flowchart for the start-up period is as shown below;
Flow chart to start up
- 1.Export factoring Agreement has to be signed (Corporate Register and seal registration certificate required)
- 2.Sending credit application to us on each buyer account respectively
- 3.Notice of Credit Cover Limit to be issued with any applicable conditions
- 4.Introductory letter needs to be sent to the buyer from the seller to confirm the use of factoring (if necessary)
- 5.Factoring arrangement finalized and ready to use.
Active cases
Export factoring users :followings are examples of active cases.
| Where to | Industries | Incentives for exporter |
|---|---|---|
| Taiwan | Mfg of electric parts | secure new buyer risk |
| China | Mfg of chemicals | shift from cash advance |
| USA | Mfg of maschines | invoice discount to ease cashflow |
| Mfg of Beverage & Beers | prompt collection and secure receivables | |
| Russia | Mfg of maschines | shift from cash advance |
- *1Receivables from the proceeds of goods sales and services-rendered are acceptable.
- *2Payment terms up to 120 days is normally accepted (maximum 180 days, exceptionally)
Trade contract including "acceptance inspection" clause may not be acceptable.
Disclaimer
Export factoring may not be available in some cases due to various reasons such as changes in the laws and regulations in other countries or changes in the economic situation.
The purpose of this website is to provide a general description of our products and services. Nothing contained in this website shall be treated as our offer or commitment in connection with availability of or terms and conditions regarding specific transactions.
Please contact us for information regarding availability of our products or services in specific cases, their terms and conditions or other information regarding specific transactions.
