E-Mail this

Did you find useful information at KEXIM?
Recommend the information you see now to anyone you want to share with.
After entering the following details, you can share contents by clicking "SEND"

Title

Sender

Name

e-mail

Recipient

Name

e-mail

Message

Trade Finance

Forfaiting Export Factoring Export Bill Purchase Letter of Credit L/C confirmation

Export Factoring

Export Factoring is a trade finance facility whereby Korea Eximbank purchases exporters' receivables arising from open-account export transactions, on a non-recourse basis. The facility can be provided under either a one-factor system where the Bank directly assumes the risk of default by the foreign buyer, or a two-factor system where it does so in connection with a foreign factoring company.

Terms & Conditions

Terms & Conditions table
Content	Details
Beneficiaries	Exporters : companies with at least 1 year of experience producing or exporting the product or other similar product, or those that have regular transactions with their foreign buyers Importers : foreign governments, foreign companies, overseas subsidiaries of Korean companies, etc.
Eligible Transaction	Open-account export transactions based on long-term supply contracts or individual purchase orders
Eligible Receivables	One factor system : payment terms up to 6 months (up to 1 year depending of the buyer's credit rating) Two factor system : payment terms up to 6 months
Disbursement Method	Purchase of receivables as they arise, within the revolving credit limit set for individual export contracts
Discount Rate	One factor system : LIBOR + Spread Additional fee charged under two-factor system
Security	Unsecured

Korea Eximbank

Success partner for your global takeoff,
The Global Network of Korea Eximbank.

How to enlarge/reduce the letter size

E-Mail this

Trade Finance

Export Factoring

Terms & Conditions

Success partner for your global takeoff,The Global Network of Korea Eximbank.

How to enlarge/reduce the letter size

E-Mail this

Trade Finance

Export Factoring

Terms & Conditions

Success partner for your global takeoff,
The Global Network of Korea Eximbank.