国际结算的PPT课件International factoring

The sum:＞100 The exporter must bear the obligation about the goods.

Parties to a forfaiting

Forfaiter A forfaiter is usually a big bank or a big finance company with the ability to provide medium to long term credits in the exporter's country. The purchase is based on the creditworthiness of the importer and the guarantor bank. bona-fide holder no right of recourse.
Single factoring and co- factoring
Domestic
factoring usually only involves one factor at home and is called single factoring， while international factoring involves two factors，one at home and the other abroad， and is called co-factoring.
Chapter 8
International factoring and International forfaiting
International factoring
International
factoring is that factor will provide a series of financial services such as:
In
other words，forfaiting is a payment technique an exporter can use to promote sales on a deterred payment basis. The payment obligation is usually evidenced by a series of guaranteed drafts or notes， falling due at different future dates， and by purchasing the debts from the exporter，the forfaiter deducts the interests and other fees but without recourse to the buyer in the event of dishonour.
Exporter factor
The
exporter factor who factors the seller’s account receivables under an agreement to that effect.
Importer factor
The
importer factor who agrees to collect the account receivables invoiced by the seller and assigned to the export factor and who in bound to pay such accounts receivables assigned to him for which he has assumed the credit risk.
2.Maintenance
of exporter’s sales ledger when the invoices were presented by him to the factor.
functions
3.Collection
by the factor of the exporter’s
6.It
avoids customer’s risks of foreign fluctuation. 7.The factor could inquire information concerning exporter’s or importer’s capital and credit standing .
ቤተ መጻሕፍቲ ባይዱAccount
receivables arises from sales on credit.The sellers sell goods on credit (including O/A and D/A transactions) and obtain account receivables from the buyers who are liable for payment of those account receivables at the end of each specific period.
Exporter
Exporter
Importer
Importer factor
Importer
Exporter factor
Importer factor
single factoring
co-factoring
7 consignment \ documents and invoice 1 contract Exporter 5 investigate the buyer’s credit Importer
Importer
The
importer,or buyer,or debtor who is liable for payment of the account receivables arising from the supply of goods or rendering of services.
Merits to importer
1
. In favor of turnover of capital 2 . Reduce the cost. 3 . Avoid the risks of goods.
The disadvantage to factor
The
factor bears more risks. The charge of international factoring is comparatively high.
Parties
Exporter
Importer Exporter
factor Importer factor
Exporter
The
exporter who invoices for the supply of goods or the rendering of services and whose account receivables are factored by the export factor.
is a full financial package that combines settlement, financing, managing and guarantee.
O/A and D/A
Open
account is an arrangement between the buyer and the seller whereby the goods are manufactured and delivered before payment is called for.
Maintenance of sales ledger销售分户帐管理 Collection from debtors债款回收 Credit control信用销售控制 Full protection against bad debts坏帐担保 Trade financing贸易融资
Thus，factoring
Exporter
It is the seller under the sales contract. When the exporter extends credit to the importer，i.e.，the goods are paid on a deferred basis，the exporter may apply for the finance from a forfaiter. Upon purchase by the forfaiter，the exporter may obtain the net proceeds in advance after deducting the interest and commissions.
receivables. 4.Protection against the default in payment by the debtor.
Merits to exporter
1.It
gives full security for the receipt of the account receivables within the approved credit line . 2.the maturity of receivable will be fixed ,payment of it will not be postponed.
The characteristic
Commonly deal with the trades of capital goods or large items of trade. The exporter must give up all rights of debts, and the forfaiter must give up the right of recourse. The term:180days,1-5 years , 10years