Assignment of accounts receivable
Introduction:
assigning the right to earnings on accounts receivable that has been accepted by the issuing bank to other banks, or purchasing such a right from other banks.
Features:
handling other banks’ assignment or purchase of the right to earnings on accounts receivable with different terms; market-oriented interest rates and rapid transfer of funds.
Applicable to:
commercial banks, Sino-foreign joint venture commercial banks, foreign banks and non-bank financial institutions.