Service features
In the current competitive environment, it is inevitable for companies to be asked to trade on "Open Account" terms. In addition to tying up working capital, this trade arrangement also involves the risks of payment delays, which may eventually turn into bad debts.
To address this problem, DBS offers services on account receivable financing & factoring targeted at exporters, importers, as well as domestic transactions. This service is offered in conjunction between DBS and Factors Chain International (FCI), and is applicable to accounts receivable by Taiwanese, Hong Kong, and Chinese enterprises from their customers in major trading nations.
Benefits to exporters :
- Additional working capital
- More competitive payment terms
- Buyer's risks secured
- Reduces collection and reconciliation costs
Benefits to importers :
- No L/C required
- Saves L/C amendment costs
- Effective use of bank credit
- Better capital efficiency
Benefits to domestic sellers :
- Buyer’s risks secured
- Additional working capital
- Reduces collection and reconciliation costs
- Reduces buyer’s procurement costs
For more details, please contact a DBS Relationship Manager or dial the customer service hotline at 0800-808-889