Two-Factor Export Factoring
Two-factor Export Factoring is an arrangement whereby a seller assigns his existing or future accounts receivable to Bank of China U.S.A. (the Export Factor), and then to the Import Factor usually located in the country of the buyers. Export Factoring contains comprehensive scope of services, containing finance, receivables ledger management by Bank of China, as well as services including collection of receivables, credit risk undertaking and protection against bad debts by the Import Factor through the Two-Factor arrangement.
Provides short term liquidity and faster payment to the supplier through factoring on the receivables arising from cross-border transactions
Undertake credit risk
Undertakes the credit risk of buyer to facilitate the business cooperation especially with new buyers located in other countries
Comprehensive services to assist sellers optimize management on cross-border transactions.