Forfaiting

Business Profile

雪缘园足彩比分直播指数 www.fwigu.com.cn Bank of Jining may purchase at an agreed discount rate and on without-recourse basis your accounts receivable (A/R) which have been accepted by a Letter of Credit (L/C) issuing bank or a drawee under Documents against Acceptance (D/A), always provided that the issuing bank’s or the drawee’s credit standing is acceptable to Bank of Jining.

Business advantage

Capability enhanced: Bank of Jining’s without-recourse purchaseof A/R is a significant help for you to negotiate with importer/buyer better contract conditions by accepting longer payment term. Financial efficiency increased: Bank of Jining’s without-recourse purchase of A/R is a significant financial support for you to cash A/R and improve your financial health. Financial and political risks mitigated: Bank of Jining’s without-recourse purchaseof A/R is a significant tool for you to manage the fluctuation of exchange rates and political uncertainty over the payment term.

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