The Study Of The Legal Risk And The Countermeasures Of The Prudential In The International Double-factoring Mode

The factoring business in the world has a strong momentum of development,and the volume of business is increasing year by year.As a comprehensive financial service,international factoring not only solves the complicated procedural problems in international trade settlement based on the buyer,but also avoids the collection method which is too risky for the seller.As a way of trade settlement,other trade risks,such as bad debts,still exist,but are transferred to factoring.In international trade,factoring suppliers transfer the right to collect accounts receivable from factoring firms to obtain short-term and medium-term financing,which is conducive to the rapid return of funds,while debtors get more favorable settlement methods.Starting from the general environment of international trade,international factoring,which combines credit sale,account management and financing,is bound to be more and more widely chosen in the future.As a link between suppliers and debtors,import factoring and export factoring play an important role in the whole factoring operation.Moreover,because factoring transfers the trade risks originally assumed by suppliers and debtors to factorists,it is necessary to study and guard against the risks faced by factorists in international factoring.The most complete and complicated mode of international factoring is the international double factoring mode.Therefore,this paper focuses on the international double factoring model,starting with the analysis of the basic principles of the double factoring model,and analyzes the legal relationship between the parties to the double factoring model,locates the legal status of import and export factoring under the international double factoring model,and clarifies the necessity of risk prevention.Next,the legal risks faced by import and export factoring firms from different links and parties are sorted out and analyzed.Finally,a more comprehensive risk prevention or possible measures are put forward from the perspective of parties and cooperation development.The development of international factoring as an imported product in China is still in the situation of both opportunities and challenges.Opportunities come from the growing market demand and more open economic policies.Challenges come from the lack of legislation and the immature factoring operation system.In this case,the special analysis of factoring risk can not only avoid unnecessary losses,but also promote the smooth development of the whole factoring business and further promote economic development.