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Trade Finance / Receivables Finance

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  1. #1

    Join Date
    Nov 2011
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    184

    Trade Finance / Receivables Finance

    Just wondering if there are any FC/accountant/owner of SMEs in HK here, and if so what kind of trade finance products you use with your current banks.. invoice financing, receivable financing, factoring, etc. Any recommendations/feedback about the different banks?


  2. #2

    Join Date
    May 2010
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    4,714

    In the end, most are thru ecic.


  3. #3

    Join Date
    Nov 2011
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    184

    true that, although i believe through banks they are able to offer lower premium rates. anyone doing factoring that has a bank to recommend?


  4. #4

    Join Date
    May 2010
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    We use Hang seng. DBS. HSBC.
    I am sure other banks do as well.

    Ecic is by far the cheapest and with no strings attached.

    Dreadnought likes this.

  5. #5

    Join Date
    Jan 2004
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    HBZ Finance, BoC and ICBC.

    Didn't know about ECIC though, thanks dumbdonkey!


  6. #6

    Join Date
    Mar 2008
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    What's ECIC?


  7. #7

    Join Date
    Dec 2009
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    Quote Originally Posted by hrp10:
    What's ECIC?
    Well that took 10 seconds on Google:

    Hong Kong Export Credit Insurance Corporation

  8. #8

    Join Date
    Mar 2008
    Posts
    154

    I googled it , yes it showed hong kong credit corp, but the website mentions that it provides insurance for shipment but not financing! So kinda curious how do they provide financing!