According to different types, it can be divided into buyout factoring and repurchase factoring. The audit point of factoring bank is mainly to audit the repayment ability of the debtor (that is, the company that owes money to the company).
In recent years, with the increasingly fierce competition in international trade, the buyer's market in international trade has gradually formed. The settlement ratio of letters of credit unfavorable to importers is decreasing year by year, and credit sales are becoming increasingly popular. Factoring is becoming more and more popular in Europe, America, Southeast Asia and other places because it can solve the problems of capital occupation and credit risk faced by exporters in credit sales, and it is developing rapidly all over the world. According to statistics, the global factoring business volume in 1998 reached 500 billion dollars.
Domestic banks that provide factoring services often do not have independent factoring institutions, and their business functions are generally scattered and lack professionalism, so it is difficult to provide customers with full-process, systematic and professional solutions.
It is understood that Minsheng Bank has introduced an advanced factoring team-Taiwan Province Zhonglease Land and Company, which is the largest leasing company in Taiwan Province Province, and its business includes equipment leasing, overseas financing and accounts receivable underwriting. At the end of 2005, the total assets were US$ 99.6 million, about NT$ 3.264 billion, and the net value was US$ 65.438+million.
From the perspective of international factoring business, China's annual foreign trade exports are as high as 1.2 trillion US dollars, of which 70% are settled by non-letters of credit, equivalent to 840 billion US dollars. If the factoring business penetrates to 65,438+00%, it will reach $84 billion. As the import volume of China is close to its export volume, the market share of import factoring is almost the same as that of export factoring with the above methods.
At present, from the perspective of comprehensive strength, BOC is outstanding in factoring business, with SDB, Minsheng, China Merchants, ICBC, Bank of Communications and some foreign banks as the second echelon.
Obviously, in the next few years, China will become the largest factoring market in the world, and the banking factoring business will be reshuffled.