Introduction to factoring financing business

Definition of factoring There are many definitions of factoring. Refer to the "China Banking Industry Factoring Business Standards" and combined with the actual situation in China,
The factoring business is defined as: a creditor transfers its accounts receivable. It is a comprehensive financial service that integrates financing, accounts receivable collection, management and bad debt guarantee on the premise of receivables. The creditor transfers its accounts receivable to a bank (factor) for
financing.
Business model introduction
.Accounts receivable pledge financing
Accounts receivable pledge financing means that the seller pledges its legally owned accounts receivable and uses it as repayment A method of borrowing that guarantees financing from
financial institutions to meet production and operation needs.
. Accounts Payable Financing
In order to speed up the withdrawal of funds, core enterprises in the supply chain usually adopt a settlement method of payment first and delivery later for their downstream traders, which makes
the downstream traders face more serious problems. Capital is tight and it is difficult to obtain financing through traditional means. Through structured arrangements, we bundle the credit of core enterprises and make full use of the seller's credit resources to provide funds for its downstream traders.
. Goods Pledge Financing
Traditional cargo pledge financing includes three participants: factoring, buyers and regulatory agencies. Factors mainly determine the credit limit based on the buyer's own
transaction conditions and capital needs. .
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Second, the industrial structure continues to be optimized. Among the newly added enterprises in 2017, the number of tertiary industry enterprises exceeded 100%, resulting in the proportion of tertiary industry (service industry) in the entire enterprise structure reaching 20%, an increase over the previous year. In particular, the number of enterprises in some emerging business formats, such as network services, electronic information industry, education, and medical care, is constantly growing, which is in line with the direction of my country's industrial structure adjustment.