Our international factoring service protects your export receivables of either D/A basis or open account terms basis.
Letters of Credit have the same function to protect your export receivables, but issuing Letters of Credit is time -consuming and expensive compared to the international factoring.
The international factoring can reduce costs and save time as well as make the collection of export receivables secure in cooperation with worldwide factoring companies. In both Europe and U.S., the international factoring is the most common tool to protect the export receivables.
We, the Mitsubishi UFJ Factors Limited, are a member of "Factors Chains International"("FCI") in Japan. This association is mainly comprised of the world leading banks and the subsidiaries of these banks.
|We usually guarantee 100% of your invoice amount within the gurantee limit when the overseas buyer's payment becomes delinquent. You will be able to claim the proceeds when the related receivable remains delinquent for 90days from the invoice due date.|
|We conduct a credit investigation of the overseas buyer through worldwide factoring companies.|
|The assessment of the overseas buyer usually takes three weeks. There is no complicated documentation when you claim the proceeds of the delinquent invoice.|
|In case of Letters of Credit, a lot of administrative documentation bothers both you and overseas buyer. Our service procedures are very simple.We can guarantee your export receivables with a copy of the invoice and documents certifying shipment such as Bill of Lading.|
|Our service covers the intermediary trade. We also provide your overseas subsidiary with the same service.|
|Our basic service is a protection of your export receivables. We also give you a service to collect the proceeds on due date on behalf of you.|