Why should real estate enterprises do factoring?

Factoring, the full name of guarantee agent, also known as collection guarantee, is a financial term. It refers to a comprehensive financial service model in which a seller transfers his current or future accounts receivable to a factor (a financial institution providing factoring services) based on a goods sales/service contract with a buyer, and the factor provides a series of services such as financing, buyer's credit evaluation, sales account management, credit risk guarantee and account collection.

It is an act that the seller entrusts a third party (the factor) to manage the accounts receivable in order to strengthen the management of accounts receivable and enhance liquidity when the payment is settled by collection or credit in commercial trade.

Response time: 2021-08-11. Please refer to the latest business changes announced by Ping An Bank in official website.

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