Reverse Factoring (Rong Yi Da)
Rong Yi Da is a non-recourse supply chain financing product whereby Bank of China Sydney Branch utilizes the buyer’s (obligor’s/core enterprise’s) approved credit limit to provide financing to the supplier/seller, based on verified and undisputed accounts receivable arising from trade transactions.
Features
- Finance is extended under the buyer’s (obligor’s/core enterprise’s) credit line to support upstream suppliers;
- The Bank purchases the seller’s/supplier’s accounts receivable outright to allow them to leverage/sell their balance sheet assets.
