31-International Factoring
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Introduction of Credit Management for Overseas Trade

36 Things You Need to Know About Credit Management for Overseas Trade

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31. International factoring

Along with trade insurance and export transaction credit insurance, international factoring can externalize the risks associated with credit transactions of foreign transactions. International factoring is a bank or factoring company guaranteeing exporters of open account transactions.

 

The factoring business is a service provided by a major Japanese bank and its subsidiary factoring company. If you ask a bank with a transaction, you should be able to get introduced to a representative of the factoring company immediately.

 

Take on the risk of collecting money through networks of banks, overseas banks, factoring companies, etc. The merit of factoring is that, unlike export transaction credit insurance, it can be said that the risk for each client can be externalized.

 

On the other hand, the disadvantage is that in the case of a basic type, it means transferring the receivables to a factoring company, and the client's consent is required. Even in the guarantee type, there is no transfer of debt, but consent is required.

 

In addition, factoring companies in overseas than Japan often make a final decision on whether to accept factoring or not, and even if multiple factoring companies are asked, the same conclusion may be reached.

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【PDF】Introduction of Credit Management for Overseas Trade

Introduction of Credit Management for Overseas Trade

36 Things You Need to Know About Credit Management for Overseas Trade

This ebook was created as a resource for those who have trouble with diverse trading or want to learn Credit Management in a rational.

 

Chapter (Excerpt)

  • Major Differences Between International and Domestic Transactions 
  • Trade Reference
  • Bank Reference
  • Collection Agency
  • Reasons Behind Difficulty in Recovering Delayed Debts
  • Mistakes in International Transactions Where Japanese Companies are Prone to Fail
  • Customer Analysis ~ 5 C's of Credit
  • Dangerous Signs
  • Five Principles of Debt Collection