2. Amount: The amount of factoring financing is determined according to the quality, structure and term of accounts receivable according to a certain prepayment ratio, which generally does not exceed 80% of the net value of accounts receivable.
3. Interest rate: financing interest is charged for accounts receivable financing according to the regulations of the People's Bank of China, and the interest rate is calculated according to the loan interest rate of the same period, including fluctuation.
4. Rate: The rate of handling business depends on the nature, amount, financing risk and service content of the transaction, and is generally 0. 1- 1% of the net accounts receivable. Characteristics of domestic factoring business:
1, which is compatible with various operation modes, breaks through the bottleneck that debtors of accounts receivable do not cooperate with formalities, and once accounts receivable are formed, factoring business can be handled;
2. Support a variety of financing methods, which is convenient for enterprises to flexibly choose suitable financing varieties and reasonably control financial costs;
3. The financing period can exceed the amount and period of a single account receivable, reducing the difficulty of enterprise fund management.
Advantages of enterprises using domestic factoring business;
To the seller
1, immediately turn the unexpired accounts receivable into sales revenue and improve the financial statements;
2. Provide the seller with more competitive forward payment terms, expand the market and increase sales;
3. The seller's credit risk is transferred to the transferee bank of accounts receivable, and the collection is guaranteed;
4. The transferee bank of accounts receivable is responsible for credit investigation, account management and account collection, which saves management costs.
Give it to the buyer
1. Take advantage of favorable long-term payment conditions to speed up capital turnover and create greater benefits;
2. Save the cost of opening bank acceptance bills and letters of credit. 1. The applicant shall be an enterprise approved and registered by the administrative department for industry and commerce, with independent legal personality;
2. The applicant has good credit standing, good development prospects and smooth product sales channels;
3. There is a stable relationship between suppliers and buyers;
4. The buyer is an enterprise with good reputation and performance strength;
5. The commodity transaction or service provided is legal, effective and true, and there is no dispute between the buyer and the seller;
6. The ownership of accounts receivable is clear and uncontroversial, and is not affected by the rights of set-off, pledge, lien, mortgage and claim;
7. The aging structure of accounts receivable is reasonable, the proportion of bad debts is moderate, and the risks can be effectively predicted and controlled;
8. There is no clause prohibiting the transfer of accounts receivable in the purchase and sale contract;
9. Other conditions required by the factor. 1. The seller's enterprise must provide information: domestic factoring application; Company certification documents, including: company profile, articles of association, capital verification report, annual business license, organization code certificate, tax registration certificate and loan card (certificate); The qualification and identity certificate of the legal representative, if authorized, shall provide the power of attorney and the identity certificate of the authorized person; The company has the right to decide whether the decision-making body or decision-maker agrees to handle this business; Introduction of the company's production and operation; The latest financial statements; The company's accounts receivable management system and accounts receivable details.
2. The buyer's enterprise must provide information: company certification documents, including company profile, articles of association, annual business license, etc. ; The latest financial statements of the company.
3. Accounts receivable information: the original purchase and sale contract or a copy confirmed as the original; A copy of the accounts receivable statement confirmed by the buyer, indicating the payment details, payment terms and payment conditions of accounts receivable in the relevant transaction contract; A freight certificate or other document indicating that the goods have been shipped; Transaction invoice; Bill of lading, quality inspection certificate, advance payment (deposit) certificate.
4. Other materials required by the factor. 1. The supplier sells goods or provides services to the buyer on credit to obtain accounts receivable;
2. The supplier applies to the factor for domestic factoring business and provides relevant materials (including the buyer's information);
3. The factor examines the supplier and the buyer, and after passing the examination, it signs an accounts receivable financing agreement with the supplier to confirm the transfer of creditor's rights;
4. If the supplier needs it, the factor will pay him the financing money;
5. Before the due date of accounts receivable, the Factor notifies the buyer to pay;
6. The buyer remits the money to the account designated by the factor;
7. The factor deducts the financing principal and interest and expenses, and pays the balance to the seller; If it's a buyout, check out. In the non-recourse factoring business, due to the credit risk of the payer, the factor is responsible for failing to pay the due accounts receivable in full.