Bank of China (Canada) (BOCC) Two-Factor Import Factoring
no fixed amount
Factoring, Trade Finance
Description:
Bank of China (Canada) may act an as import factor on request of a corresponding export factor. Under this arrangement, Bank of China (Canada) approves a credit limit for a specific buyer or importer and the Bank provides services such as collection of the accounts receivables, updated status reports and protection against bad debt to the seller.
Comments on Funding:
Funding is through Factoring.
Continuous Intake
Eligibility:
Applicants must be importers or buyers who are unwilling to provide instruments such as L/Cs to sellers but wish to purchase goods on credit.
Application Steps:
For inquiries, applicants must call BOCC’s service hotline: 1-844-669-5566.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
