Compared with non-recourse domestic factoring of commercial banks, what features does that of CEXIM have?
(1)No Collateral and Indemnity: With the buyer’s acknowledgment to the assignment of accounts receivable, the seller does not have to obtain a credit rating and credit line in CEXIM or provide CEXIM with any collateral or indemnity;
(2)No Barrier: Assignment formalities for each accounts receivable can be completed independently, so you do not have to assign all the accounts receivable;
(3)Fast Procedures: The funds will arrive within two banking days if required documents are submitted;
(4)High Amount of Financing: The amount of financing can be up to 100% of the invoice value.