우리나라의 경제발전을 이끄는 공적수출신용기관 입니다.
  • zoom

    How to enlarge/reduce the letter size

    You can enlarge/reduce the screen like the following.

    Enlarge the screen

    Please press and hold ctrl key and press + key additionally to enlarge it.

    Enlarge the screen

    Shrink the screen

    Please press and hold ctrl key and press - key additionally to reduce it.

    Shrink the screen

    close
  • scrap

Trade Finance

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 - Content, Details
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 Transactions
  • 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