Companies in Hong Kong are acutely aware of the importance of utilizing their short-term assets such as accounts receivable to finance their business growth.

DBS Bank, with its experience, know-how, and computer system support in factoring and management, is dedicated to apply this expertise to allow companies to enhance their liquidity. Factoring is a combination of working capital financing, accounts receivable management and credit protection. It is available to companies selling both locally and internationally.

Types of Factoring:
There are two options for factoring: Domestic and Export Factoring. The choice depends on where your customers are located.

A Combination of Factoring:

	Domestic		Export
	Non-recourse		Recourse
	Notification		Non-Notification
	Selective Accounts Receivable		Entire Accounts Receivable

Why should I use Factoring?
Because it is the most convenient way to raise additional working capital without the need for collateral. Furthermore, as your sales increase, your funding requirements will increase very quickly. Factoring is the best solution for funding a growing business.

What Industry can be Covered?
Factoring can be structured to a variety of clients across a broad range of industrial and manufacturing sectors including electronics, garments, watches, food, printing, paper distribution, gifts and stationery, toys, cleaning and security services, etc.

How does Export Factoring Work?

Advantages of Factoring:

	Cash advances up to 80% against approved receivables without property collateral being required
	100% credit protection against approved buyers' default due to financial difficulties
	Collection and account receivable management services which frees you from administration and collection responsibilities
	Stronger competitiveness by offering buyers longer credit terms than competitors

A World of Support for Your Business

DBS Bank is a member of Factors Chain International ("FCI") www.factors-chain.com, to offer you the best export finance backup available in the world. FCI is a global network of leading factoring companies, whose common aim is to facilitate international trade through factoring and related financial services. Currently the FCI network counts over 230 factors in over 60 countries, actively engaged in more than half of the world's cross-border factoring volume.