Agricultural Bank Of Forfaiting Business Development Ideas

Forfeiting, as a kind of foreign trade finance, provides non-recourse finance, without engrossing the enterprise credit. It is more and more widely used and welcomed by the Chinese enterprises. Forfeiting solves the problem that neither the importer nor the exporter can trust each other in a international trade, and also provides more convenient finance, because of that Forfeiting is very important in the foreign trade. Since the Forfeiting in China started relatively late, lacking of professionals, being known little by enterprises, comparing with other finance products, it developed slowly. But in the international market forfeiting is a mature finance product which can bring princely income to bank.ABC Bank is going on a proceed of business strategy restructuring, to face fierce competition. How to develop the international business of ABC Bank, and how to use good product to occupy market are tasks to me who is working for international department of ABC Bank. Combining the feature of ABC Bank, searching for the Forfeiting is very important in practice.This article introduces the feature of Forfeiting, the business process, and risk control by the way of data research, theory construes, and cases analysis. The current situation of ABC Bank, and the environment of international trade of China, gives advance to develop Forfeiting. At last the author analyzes a case which was did by ABC Bank, and provides three financial plans of Forfeiting.This article has four parts. The first chapter discusses the background and significance of Forfeiting. Then indicates that most of the research of Forfeiting is about the risk control, which leads to this article is researching about the limitation of Forfeiting business of ABC Bank, and how to develop it. And in this chapter there will also be a short introduction of ABC Bank. Chapter 2 is the outline of the Forfeiting, which discusses the origination, development, chrematistics, operation mode, advantage and disadvantage for the participants, the comparison with the other international financial products and the prospects of the product.Chapter 3 is the introduction of Forfeiting business in ABC Bank. It is a main discussion of the categories, requirements, specific operation process, risk control and the profit of the product.Chapter 4 discusses the development condition and strategy of the Forfeiting. Firstly, it describes the development background of the business, including the present international trade environment of our country, the development condition of the international business in Agriculture Bank and the analysis of the poor development condition. Then, it discusses the necessity of Forfeiting and the development in Agriculture Bank, and the customer group on which the Forfeiting focuses. Moreover, it states the present development status and analyzes the development limitations according to the branch's international trade financing data in Sichuan province. Finally this paper gives suggestions about the development of Forfeiting of ABC Bank.In appendix, the author through a practical case explains how to use Forfeiting in practical businesses, which designs three different Capital raising plans. The essay introduces Forfeiting's detailed information, which includes the development of international trade in Agricultural Bank of China, and the development of international trade in China. At the same time, the essay not only gives an affirmative answer to Forfeiting, but also analyzes Forfeiting's limitations and development, then gives some suggestions to the business. My target is how to use banks'resources and capabilities to exploit international trade products during strategic transformation period. Finally, I hope I can contribute to my team.