International economic law explains the term international factoring as follows:

International factoring is an international trade financing tool, which refers to the way that enterprises transfer accounts receivable to factoring companies in exchange for instant cash flow. International economic law refers to the system of legal norms that regulates international economic relations, covering legal rules and principles in various fields such as international trade, investment, and finance.

1. The concept and characteristics of international factoring

International factoring means that in cross-border trade, the seller transfers the buyer’s accounts receivable to the factoring agent. A transaction in which a factor provides financing services to the seller. The characteristics of international factoring include flexibility, balance offset, risk diversification and rapid return of funds.

2. The main participants and roles of international factoring

International factoring involves three parties: the seller (exporter), the buyer (importer) and the factor (financing institution) . The seller obtains funds by transferring accounts receivable to the factor, and the buyer can obtain the advantage of financing and deferred payment, while the factor provides comprehensive services such as financing, collection, and risk management.

3. Scope and content of international economic law

International economic law is the legal system that stipulates international economic relations, including international trade law, international investment law, international financial law, etc. field. It mainly adjusts and regulates international economic activities through international conventions, bilateral and multilateral agreements, and domestic laws.

IV. Important principles and institutions of international economic law

Important principles of international economic law include free trade, equality and mutual benefit, most-favored-nation treatment, national treatment, etc. The implementation of international economic law and the settlement of disputes rely on international institutions and dispute settlement mechanisms, such as the World Trade Organization (WTO), the International Monetary Fund (IMF), etc.

Expand knowledge:

International factoring plays an important role in international trade, promoting trade financing, providing flexible financing channels, and helping companies manage accounts receivable. risk. International economic law aims to establish a stable, predictable and fair international economic order, provide legal guarantee for economic cooperation among countries, and promote international economic development and cooperation.