国际结算chpter9internationalfactoring.pptVIP

Chapter 9 International Factoring and Forfeiting Definition, parties of international factoring Functions and types of factoring Procedure of factoring Forfeiting 9.1.1 Definition Factoring is the purchase of claims, arising from sales of goods, by a specialized company known as factoring company or factor. Factoring is in fact a three-party transaction between a financial institution (the factor) and a business entity (the client) selling goods or providing services to foreign debtors (the client’s customer). 9.1.1 Definition 保理是由被称之为保理公司或保理行的专业公司购买由于货物销售而产生的债权。实际上，保理是金融机构（保理行）与销售货物或提供服务给国外债务人（客户的客户）的企业实体（客户）之间的三方交易。 国际保理（international factoring）也称为国际付款保理或保付代理。它是银行通过收购消费品出口债权而向出口商提供坏账担保、应收帐款管理、贸易融资等服务的综合性金融业务。 9.1.2 Parties 销售商（seller） 债务人（debtor）。 出口保理商（export factor） 进口保理商（import factor） 9.1.3 The role and services of factor The factor acts as a manager of exporter’s sales and provides his client with finance based on the level of sales and on the other hand evaluates the importer’s creditworthiness either by himself or with the aid of his correspondent or agent, so as to ensure the final payment. The primary services offered are credit investigation, credit approval, assumption of credit risk, accounts receivable bookkeeping, and collection of matured accounts. 9.2.1 Functions Credit approval The factor acts as the client’s credit department to evaluate the importer’s credit standing to determine a credit line for his client’s customer so that he can exercise the function of pre-approving orders prior to shipment. Credit protection By purchasing the client’s accounts receivable without recourse, factoring can protect the clients from risk of loss so long as merchandise quality, quantity and terms meet the requirements of sales contract between the client and his customer. 9.2.1 Functions Management of accounts receivable Upon shipment, the client invoices his customer and sends a copy to the factor. The invoice indicat