ICBC (Asia) is an experienced member of the Federation of International Factors (FCI) with a reliable network of factor houses, as well as credit insurance bank policies coverage. There are one-stop account receivables solutions including credit insurance management for exporters, comprehensive account receivables ledger management and prepayments.
When you settle the payment with the importer by open-account , you can assign ICBC (Asia) as an export factor to provide you the service of importer credit investigation, monitor credit protection on importer, comprehensive ledger management (inclusive of aging monitoring and collection management), and account receivables prepayment.
If you have prepayment requirement, it could be achieved by assigning account receivables to ICBC (Asia)to improve cash flow liquidity. Under normal circumstances, the quality of accounts receivable and past records are used as the criteria for approval. You do not need to provide additional collateral.
As an exporter, you would like to have credit insurance protection and prepayment on credit sales agreed with importer.
Should you have any enquiries, please contact our customer services hotline at 2533 8881 or by sending email to firstname.lastname@example.org
To borrow or not to borrow, borrow only if you can repay.