1, company law
2. Measures for the pilot management of commercial factoring industry
3. Notice of the Ministry of Commerce on the pilot work of commercial factoring
4. Reply of the Ministry of Commerce on the pilot implementation plan of commercial factoring.
Two. The application conditions for registering a domestic factoring company meet the requirements of Chapter II of the Measures for the Administration of Commercial Factoring Pilots on Company Establishment and Business Scope.
Three. Application materials for registering a domestic factoring company
1, approved by the Commercial Committee in the first instance.
2. Basic information and relevant information of investors. Mainly 1. Basic information of legal person investors. Including:
Company profile, including basic information, governance structure and risk internal control system;
3. A copy of the business license of the enterprise legal person that has passed the annual inspection and a copy.
Extended data:
Service items:
Factoring, also known as guarantee agent and guarantee collection payment, is a way for exporters to ask the third party (the factor) to bear the risk in order to avoid the risk of collection when settling loans by collection or credit sale in trade.
Factoring is a comprehensive financial service integrating trade financing, commercial credit investigation, accounts receivable management and credit risk taking. Compared with the traditional settlement method, the advantage of factoring mainly lies in the financing function. Factors provide at least the following two services:
1, trade financing
According to the seller's capital demand, the factor can provide financing to the seller immediately after receiving the transferred accounts receivable to help the seller solve the problem of liquidity shortage.
2. Sales ledger management
According to the requirements of the seller, the factor can regularly provide the seller with the collection of accounts receivable, overdue accounts, aging analysis, etc. , and send various reports to assist sellers in sales management.
3. Collection of accounts receivable
Factors have professionals engaged in collection work, and they will take reasonable, powerful and economical measures to help sellers collect accounts safely according to the overdue time of accounts receivable.
4. Credit risk control and bad debt guarantee
The factor can verify the credit line for the buyer according to the seller's demand, and provide 100% bad debt guarantee for the accounts receivable generated by the seller's delivery within the credit line.
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