国际保理与福费廷业务的比较(Eng)

International Factoring and Forfaiting business comparison Class: Finance 085 Name: Jin Yi Student ID: 0813508 Abstract:International Factoring and Forfaiting business is non-credit of the current trends in international trade, the main settlement. Since both the business purpose, nature, similar procedures, coupled with the introduction of a shorter time in China, development is not rapid, confusing practice. Only distinguish between characteristics of their business and income risk of the parties can choose to use correctly.Keywords:International factoring; Forfaiting; Intermediaries Text:In international trade to be settled in the way of credit in the form more and more common, it is the export enterprises an effective means of expanding the market.Operation in the actual case, such exchange earnings security, banking facilities and some problems will plague the export business. How to enhance the recovery of accounts receivable and export enterprises to prevent bad and doubtful debts to help finance the export business has become in many enterprises in the trade problems encountered. Major domestic banks in order to solve business needs on this issue, introduced a variety of trade settlement and products. Factoring and Forfaiting is the rapid development in recent years to provide fixed rate financing business.U nder the "Convention on International Factoring" is defined, that is factoring factoring business, means that the seller, supplier or exporter and the factoring of a contractual relationship exists between business. It is non-recourse factoring business to purchase individual exporters or D credit is usually under the said accounts receivable invoices and is responsible for receivables collection, credit guarantees;T he latter is the package where to buy business from exporters without recourse to buy has been accepted and usually guaranteed by the importer's local bank draft or cashier order forward. Forfaiting is a bank for export enterprises and long-term trade financing. This is a high risk, high return business. For businesses, the goods can get a loan for a shot, take the money for a short time. As for the banks by the business can bring considerable benefits to its, but the greater risk lies in a bank to choose good credit importers bank.B oth factoring and forfeiting financial settlement, to a certain extent help export enterprises to solve the financial problems on the facility. However, due to their own different characteristics, both financing and trade financing period with the complementary nature of risk different ways. Main differences are as follows:I n my opinion:1, the most fundamental difference is forfeiting generally apply only after the bank under a credit or insurance after the payment acceptance process; factoring is applicable to non-card business. International factoringforfaiting Transaction amout littlelarge Reporting capabilities withoutstrippingsome have have Whether the financing function some havehave Settlement of accounts receivableOpen account (O / A) oragainst acceptance (D / A)mode of collection Letter of Credit (LC), or guaranteed by the bank to pay insurance bills Trade background Amount of small, mainly non-trade capital goods Mainly for large amounts ofcapital-based trade in goodsCycle of receivable in 6 months out 6 monthsBusiness Credit risk management, accounts of the collection, baddebt and financing securedBill discounting withoutrecourse With or without notesno yes Without recourseSome have no Credit for the assessment ofthe importeryes no Financial management, collectionyes no The maximum financing amount Less than 80% 100% General2, forfeiting usually can accept payments, net of interest on financing, get full financing; general bank in the process of factoring accounts receivable is usually at 80% financing.3, in operation, for forfeiting the banks generally accepting bank should assess the amount of its risk-formation agents, in line with the amount and the amount of acceptances sufficient case, before accepting welfare costs for exporters ting the application, or can only seek to sum Forfaiting sold to other banks.4, factoring the need for importers to evaluate the credit, depending on the import factor for the assessment of importers obtained a credit risk guarantee, and a preliminary assessment of the amount, and other costs through the export factoring business through export factoring providers, such as exporters, the official confirmed that possible, you can start factoring in the shipping process after.References:1.Tian Guiling. Exporters to avoid the use of the international settlement currency appreciation risk. Of modern finance, 2008 (2)2.Dai Jiaqian Forfeiting the basic legal issues [Papers] - Chongqing Institute of Technology (Social Science Edition) 2007 (4)。