Import Factoring

【Product Definition】

When an exporter/export factor has assigned to Minsheng Bank the receivables generated from exporter’s credit sales, Minsheng Bank will provide credit guarantee against risks related to domestic importer’s payment, exporter’s financing, and other services.

【Applicable Scope】

Importing enterprises that use O/A or D/A settlement.

【Product advantages】

Easy financing and simple formalities to go through by the importer;

Risks related to the importer’s payment to overseas payees are guaranteed against, the importer can credit purchase without having to pay charges for formalities, and the exporter can deliver without worry.