Trade

Open Account Trading Financing

Factoring

Factoring allows you to obtain funding against your accounts receivable due from your local and/or overseas buyers. Our service allows you to manage your accounts receivable more effectively and obtain working capital more quickly.

We provide the following kinds of factoring:

Domestic Factoring

Domestic Factoring enables you to obtain immediate funding by assigning the accounts receivable of your local sales and services to us. You will enjoy the following benefits:

·	Advance payment against your accounts receivable
·	Transfer of the burden of debt collection to us
·	Improved management of your sales ledger
·	Reduced operating costs
·	No tangible assets required for setting up factoring line

Export Factoring

Export Factoring services provided by us will enable you to cash in your overseas accounts receivable. In addition to the benefits mentioned above under Domestic Factoring, you will get protection against your buyer's credit risk.

Standby Documentary Credit

A standby documentary credit may be used for many purposes, including:

·	to cover non-performance or default on a contract
·	as a form of guarantee by a parent company for credit facilities given to its subsidiaries
·	to support an importer's open account purchases
·	to serve as bid or tender bonds
·	to cover advance payment of a trade transaction

We offer:

·	Professional advice - we will give you advice on the risks and liabilities associated with different types of standby documentary credit
·	Expertise assistance - we can help you design standby documentary credit terms and conditions

Simply open a Bills Account to experience our professional trade services. Click here to know more.

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