Two-Factor Import Factoring

INTRODUCTION

Two-Factor Import Factoring is when Bank of China U.S.A. (the Import Factor), working with Export Factor, approves a credit limit for a buyer in the U.S., and provides services including collection of accounts receivable, business information survey and protection against bad debt for the seller.

KEY FEATURES

Cross-border cooperation: BOC U.S.A. undertakes the buyer’s credit risk, working with the Export Factor to facilitate the cross-border cooperation between sellers and buyers.