Export Credit Insurance Factoring

【Product Definition】

Within the frame of export two-factors/single-factor factoring business, the exporter effects short-term export credit insurance with China Export & Credit Insurance Corporation, and assigns the benefits of insurance claim under the insurance policy to Minsheng Bank’s export factoring business.

【Applicable Scope】

Exporting enterprises that use O/A or D/A settlement and effect short-term export credit insurance.

【Product Advantages】

Easy financing and the client’s earlier receipt of foreign exchange, which helps improve its financial structure;

Earlier settlement of the foreign exchange to avoid exchange rate risk;

Guarantee of security and account maintenance for payment received from overseas.

Clients’ easier access to the market, and less necessity of other guarantee measures.