Factoring is a comprehensive financial tool commonly used in international trade, the core of which is the transfer and recipient of receivables. JNB provides the domestic factoring service that is close to the reality of the domestic market. JNB offers not only the financing for advance payment based on receivables, but also the overall credit management service that covers the whole process of the credit sales with the help of commercial credit investigation, receivables management, and guarantee for credit risks.

   JNB provides domestic factoring business for companies that sell goods on credit and have a large amount of receivables. It is based on the sale contract between the seller and the buyer. In such service, JNB provides the buyer with financial support and other services (sale account management, pressing for the payment of receivables, control of credit sales and guarantee for credit risks) by purchasing the buyer’s receivables. So far, JNB has offered effective financial solutions to many domestic clients and helped them to solve the problem of receivables.

   Domestic factoring business can bring many benefits to the two parties:
1. The seller could invest the money got from advance payment in more business and expand the sales, without being troubled by the large receivables. In the nonrecourse factoring business, the seller can get payment guarantee from the JNB through its credit risk guarantee service; by transferring the receivables, the seller can improve the structure and indicators of his financial statement; he could know in advance the credit information of the buyer, and control the credit sales; he could reduce the financial cost with the help of financial management and account information analysis provided by JNB.

2. The buyer could be granted with preferential payment conditions of the sales on credit, and expand the volume; he could receive more purchase-on-credit orders from the seller with his own integrity and good financial performance, no guarantee or collateral being needed; no additional business is necessary and charges from the traditional way of settlement will be exempted.

 Interest and charges of the domestic factoring business will be negotiated between you and JNB in accordance with the People’s Bank of China’s rules.