REVERSE FACTORING AGREEMENT Clause Samples
A Reverse Factoring Agreement is a financial arrangement where a buyer collaborates with a financial institution to enable early payment of its suppliers’ invoices. Under this agreement, the supplier submits invoices to the buyer, who then approves them for payment; the financial institution pays the supplier promptly, and the buyer repays the financial institution at a later agreed date. This structure helps suppliers receive faster payments, improving their cash flow, while buyers can extend their payment terms, ultimately facilitating smoother supply chain operations and reducing financial strain for suppliers.
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REVERSE FACTORING AGREEMENT. The Board hereby announces that on 11 June 2025, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is entitled to apply for accounts receivables transfer and factoring services. If Yancheng Shuanghu needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Yancheng Shuanghu are set out below: Reverse Factoring Agreement Date : 11 June 2025 Parties : (1) ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Yancheng Shuanghu and its ultimate beneficial owner are Independent Third Parties.)
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 27 March 2025, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Yile Trading and Yile Trading is entitled to apply for accounts receivables transfer and factoring services. If Yile Trading needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Yile Trading are set out below: Reverse Factoring Agreement Date : 27 March 2025
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 15 November 2024, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring financing credit limits to Jiangsu Maode and Jiangsu Maode is entitled to apply for accounts receivables transfer and factoring services. If Jiangsu Maode needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring financing within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Jiangsu Maode are set out below: Reverse Factoring Agreement Date : 15 November 2024
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 29 May 2020, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring loan credit limits to Sheyang and Sheyang is entitled to apply for accounts receivables transfer and factoring services. If Sheyang needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring loan within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Sheyang are set out below:
REVERSE FACTORING AGREEMENT. The Board hereby announces that on 8 February 2021, Yueda Commercial Factoring, an indirect wholly owned subsidiary of the Company, entered into Reverse Factoring Agreement, pursuant to which Yueda Commercial Factoring agreed to provide Accounts Receivable Services and granted reverse revolving factoring loan credit limits to Sheyang Tour and Sheyang Tour is entitled to apply for accounts receivables transfer and factoring services. If Sheyang Tour needs financing facility from Yueda Commercial Factoring, it will make an application for factoring services. If the credit assessment is to the satisfaction of Yueda Commercial Factoring, Yueda Commercial Factoring will grant the factoring loan within the reverse revolving credit limit. The principal terms of the Reverse Factoring Agreement entered into between the Company and Sheyang Tour are set out below: Date : 8 February 2021 Parties : (1) Sheyang Tour (To the best knowledge, information and belief of the Directors having made all reasonable enquiries, Sheyang Tour and its ultimate beneficial owner are Independent Third Parties.)