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How Does It Work

Most Chinese chemical factories do not provide credit line to new or even existing clients and sometimes ask for full payment in advance especially when supply is tight. However buyers always prefer long payment terms. Company A could have purchased $10,000 worth of goods, but canceled the order due to disagreements about payment terms.
Solution
With OKCHEM Financial Service OKCHEM will pay $10,000 to the seller to complete the transaction right away. Company A will pay the invoice value of $10,000 plus the financing fee of $500 (assuming at total rate of 5%) to OKCHEM within 120 days after B/L date. This is an efficient and reasonable solution if Company A's return on investment during 120 days is more than 5%.,

Financial Services Process