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You are here: Home » Documentation Help Center » China Credit Insurance related issues » If the buyer does not pay the goods due, due to the payment waiting period, will the bank first seek funds from us under the financing item?

If the buyer does not pay the goods due, due to the payment waiting period, will the bank first seek funds from us under the financing item?

Views:0 Author:Site Editor Publish Time: 2016-06-28 Origin:Site Inquire

In general, the first source of repayment is CITIC Factoring, and banks should claim compensation from CITIC according to the three-party claims agreement. In addition to buyouts, underwriters can demand recourse.

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