International Accounts Receivable Factoring
Eximbank offers various export facilities to assist local manufacturers in expanding their export. In order to assist local manufacturers to obtain working capital, Eximbank provides international factoring service in the payment terms of D/P, D/A and O/A.
Applicants
Exporters duly registered in accordance with R.O.C. laws and who possess the following qualifications:
- Exporters with transactions including documents against payment (D/P), documents against acceptance (D/A), or open account (O/A).
- Exporters under the coverage of International Factoring Insurance for D/P, D/A or O/A and transfer beneficiary’s right to Eximbank.
Percentage of Financing
The percentage of financing shall not exceed 85 percent of the commercial invoice value.
Tenor
- D/A: From the date of financing until the effected payment date made by the foreign importer. Tenor of financing shall not exceed one year from the date of shipment.
- D/P: From the date of financing until the effected payment date made by the foreign importer. Tenor of financing shall not exceed one year from the date of shipment.
- O/A: From the date of financing until the effected payment date made by the foreign importer. Tenor of financing shall not exceed one year from the date of shipment.
Currency
NT dollar, US dollar or other foreign currencies acceptable to Eximbank.
Interest Rate
US dollar rate: The interest shall be the 6 months London Interbank Offered Rate (LIBOR) plus applicable margin.
Processing Fee
The processing fee rate will be offered by Eximbank.
Repayment
The exporter shall repay the principal, interest and related expense from the proceeds that the foreign buyer remits to Eximbank on the due date.
Security
Any form of security approved by Eximbank