Trust (Trust) is a method of financial management, that is, being entrusted by others to manage property on behalf of others. Trust is credit entrustment. Trust business is a legal act based on credit. It generally involves three parties, namely the trustor who invests credit, the trustee who is trusted by others, and the beneficiaries who benefit from others. Trust business is a trust business in which the trustor transfers property rights to a trustee (a natural person or a legal person) for the benefit of himself or a third party (i.e., the beneficiary) in accordance with the provisions of the contract or will. Possess, manage, use trust property, and handle its proceeds.
Commercial Factoring
Factoring is also known as collection guarantee. The seller transfers its current or future funds based on the goods sales/service contract it enters into with the buyer. Accounts receivable are transferred to factors (financial institutions that provide factoring services), and the factors provide them with a comprehensive range of services such as financing, buyer credit assessment, sales account management, credit risk guarantees, and account collection. Financial services approach. It is a method adopted by sellers to entrust a third party (factor) to manage accounts receivable in order to strengthen the management of accounts receivable and enhance liquidity when settling payments for goods on collection or credit in commercial trade.