International Factoring Rule Of Law Study

International factoring is a synthetically method of international settlement andfinancing in international trade provided by factors to buyers, which includesresearching and valuing the credit of traders, administration and collection of accountsreceivable, financing of international trade and guaranteeing the buyer's credit. Sointernational factoring can not only avoid the venture of business and foreign exchangein the transaction of buying on credit, but also the capital occupied, complicated andinflexible procedures. Besides that, international factoring has the advantage of financecommunication and credit management. Owing to the peculiarity of internationalfactoring, the countries in Europe and American were accepted it widely and also it haddeveloped rapidly. But international factoring lies in the phase of elementary and thevolume of it is little in China. It can not meet the status of top 3 in the internationaltrade, and do not good for our companies to occupy the international market.In this paper, there is a complete illustrating, comparing and analyzing ofinternational factoring, and also give some legal advises through combining the statusquo of legislation in China. The paper consists four chapters. The first chapter includesthe basic knowledge of international factoring such as the concept of it, the origin of it,the compare of the concept and the types of it. The second chapter through comparingthe rule of international factoring law about English, America and France, cleared theessence of international factoring—the assignment of accounts receivable. The thirdchapter is analyzed rules about international factoring in the civil law and contract lawand cleared the foundation of it. The last chapter is to introduce the new development ofinternational factoring, analyze the low speed of it and give some creativity suggestionfor the development of international factoring.