Export factoring on non-recourse basis

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....ealer Category - I (AD Category -I) banks have been permitted to provide 'export factoring' services to exporters on 'with recourse' basis by entering into arrangements with overseas institutions for this purpose without prior approval from the Reserve Bank of India subject to compliance with guidelines issued by the Department of Banking Regulation in this regard. 2. Taking into account the re....

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....been done by the Export Factor, the Export Factor may pass on the net value to the financing bank/ Institution after realising the export proceeds. c. AD bank, being the Export Factor, should have an arrangement with the Import Factor for credit evaluation & collection of payment. d. Notation should be made on the invoice that importer has to make payment to the Import Factor. ....