Requirement And Implementation Of Factoring System Based On Cross-border Financial Institutions

With the rapid development of the China economy,In recent years, the concept of domestic financial institutions have introduced the factoring business gradually in inte mational exchanges, and the factoring business gradually began to develop in china. Ai ming on the difficult problem of SME financing, financial institutions which provide fa ctoring business have made a very good solution in this aspect. International factoring i s a comprehensive set of international financing, sales ledger management, collection, r isk control and guarantee for the integration of the international financial services. At present, the study of the factoring business cross-border financial institutions is relative ly small, and thefinancial institutions to provide factoring business procedures in the pr ocess is complex, higher labor costs, a mature factoring system requirements and detail ed function design, is a very important subject.The study of the factoring business is mainly focused on the three aspects:the first part is the advantage of factoring; the second part is the analysis of the factoring business in our country which put forward the counter measures to solve the problems; the third is the factoring business especially enterprise financing and other aspects of the role ofenterprise. In general, the detailed functions based on factoring into the financial,institutions of information systemare described in terms of research is relatively small. In this paper, on the basis of existing research, combined with my practical work understanding, function and business process of the factoring system of cross-border financial institutions to conduct a comprehensive summary. On the basis of the factoring system parameters management rights management, customer management functions, management functionsof thetransaction approval and reportma nagement function. Amongthem, the riskmanagement function, put forward a variety of circumstances single and dual protection model, which has some practical significance for the actualfactoring practice.