The Development Of International Factoring Business Countermeasures

Buyer oriented market went into the world stage since the Asia financial crisis in 1997.China entered WTO in 2001,trade opportunity unprecedented exploded and the trade friction treaded on the heels of it .Open Account and Document Acceptance with unique advantage are welcomed by the buyers According to the international payment net, owing to the perfect credit trade system and mature experience in international factoring,80%international trade makes use of the two payments in Europe and America. International factoring , which is designed for O/A and D/A is playing increasingly more and more important role in the world and the conventional international payment is on the trend to disappeared in the world.To make a better research and analysis, in the first chapter the thesis briefly illustrates the origin background and development ,functions and characteristics .In the next chapter the operation pattern and the procedures of international factoring, application scope comprehensive advantage compared with the traditional way of payment and the successful experiences among European and American countries are elaborated ,and also states that it is both the necessary outcome and the power for the development of international trade and it is also an advanced settlement method. In the third chapter analyses status and problems objectively such as the blank of related law, imperfect credit system, wrong target customers and backward transaction idea, which blocks its deeper development. The fourth chapter probes into the inevitability. International factoring adapts to the severe competition, credit economy, buy market, strengthen exporter's competitive power, solves the financing problems for the middle and small enterprises. International factoring which synthesizes trade financing, payment collection, account management, doubtful accounts assure and credit investigation has become the point of profit growth for bank middle affair, it is also the finance field both Chinese and Foreign banks contest for. The last chapter is the core of the thesis In view of the lack and lag of the research on the theory and practice , fails to support the operation, trying to seek...