 |
|
 |
What is Factoring？ |
|
When a seller invoices a buyer, domestic or overseas buyer, and assigns account receivables to Bank SinoPac, Bank SinoPac will provide a credit cover on the buyer and advance the funds to the seller. Under no trade dispute, even if the buyer fails to pay the receivables due, Bank SinoPac guarantees the seller full payment for the invoiced amount. |
|
|
|
Why is Bank SinoPac your best choice？ |
|
|
 |
Collection of account receivables is guaranteed |
|
When there is no trade dispute, Bank SinoPac assumes all the risk associated with your buyer's failure to pay due to temporary insolvency. |
|
|
Increase financial leverage |
|
Your company can convert account receivables into cash right away with no worries of having a stagnant cash flow. |
|
|
Credit line exemption |
|
This service does not affect your existing credit line at Bank SinoPac, assuring full availability of your entire credit line. |
|
|
Professional account management and collection service |
|
With Bank SinoPac's financial expertise and professional service, we can help you conduct credit check on your customers, make collections, and handle all account management. |
|
|
Market Resource |
|
Bank SinoPac follows up the credit status of your buyers and provides professional market information and financial services, allowing you to keep up with market trends. |
|
|
Accessible online |
|
You can apply for domestic and/or international buyers' credit lines, assign invoices, or receive other relevant information – all online. |
|
|
|
|
Applicable fees： |
|
- Application fee for credit survey on buyer
- Commission fee for credit cover
- Interest charge for advance of fund
|
|
|
|
Cash Management - Factoring
© Bank SinoPac. All rights reserved. Best viewed with IE 6.0 and higher at 1024x768.