Sure, here is the translation: "Factoring Operations Practice and Risk Management"

Author: Zha Zhongmin Jin Saibo
Publisher:
Publish Date: 2005-09-01
Features: The writing background of this book starts from 2001, when most domestic commercial banks in China had begun to engage in forfaiting business, mainly through direct purchase and indirect purchase. With the continuous accumulation of business experience and the expansion of the customer base, forfaiting business in Chinese commercial banks (including foreign banks within China) has achieved relatively rapid development. In 2004, the transaction volume of forfaiting business was approximately $2 billion. The International Forfaiting Association has a very positive outlook on the future forfaiting business market in China and is actively helping Chinese banks promote and standardize forfaiting business. On June 8, 2005, the North Asia and East Asia Committee of the International Forfaiting Association was officially established in China, marking a new development period for forfaiting business in Chinese commercial banks. The writing purpose of this book: Against the backdrop of the continuous development of the forfaiting market, the domestic trade and banking sectors still lack a comprehensive understanding of the basic knowledge, business processes, and risk control and prevention of forfaiting products. Currently, research on this trade financing product in academia is not in-depth, and there are no specialized books dedicated to forfaiting business. To enable exporters and international business practitioners to better understand forfaiting products, utilize them to mitigate or transfer country and credit risks in international trade, and truly master the key points of forfaiting business risk management, we undertook the writing of this book.
1. Theoretical Foundation. This book, combining theories such as bill of exchange, letter of credit and guarantee, and risk management, introduces, analyzes, and discusses the basic concepts, business processes, creditor documents, interest calculations, risk management, and accounting treatment of forfaiting business from both business and legal perspectives, demonstrating a strong theoretical foundation.
2. High Practicality. This book provides a detailed analysis of key investigation points, business processes, document handling, and risk control points in forfaiting business from a practical operation standpoint. It also studies and addresses the issues encountered by forfaiting practitioners in China. Through this book, individuals who have not engaged in forfaiting business can, by following the procedures and document samples introduced, carry out forfaiting business and risk control in a relatively standardized manner.
3. Novel and Applicable. From a legal perspective, combined with the "Guidelines for Forfaiting Business" published by the International Forfaiting Association, this book provides a detailed analysis of some legal and jurisdictional issues of concern to the trade and banking sectors in forfaiting business. It offers scientific and practical guidance for practitioners to expand forfaiting markets and manage forfaiting business risks.