International Factoring, also known as Factoring Agency business, refers to a kind of comprehensive financial service in which the factoring agent purchases the accounts receivable of exporters and provides them with a series of services which includes financing, importer credit assessment, sales account management, credit risk protection, account collection and so on. To be specific, the process of international factoring starts after an exporter sells goods on the payment term of open account (O/A). The exporter signs an agreement with local export factor which requests the import factor to make credit investigation of the importer and confirm the importer’s reliability, and then approves a credit limit for the exporter……