T/CATIS 003-2020 Commercial Factoring Contract Guidelines

Scope

Scope: This standard regulates the relevant terms, general rules, content elements, and special requirements of non-recourse commercial factoring and recourse commercial factoring contracts. This standard is applicable to commercial factoring agents and clients when signing commercial factoring-related business contracts within the People's Republic of China. Main technical contents: 1. Scope 2. Normative reference documents 3. Terms and definitions 4. General rules 5. Content elements of commercial factoring contracts 6. Special requirements of non-recourse commercial factoring and recourse commercial factoring contracts Appendix A (informative appendix): Application and Confirmation Form for Accounts Receivable Transfer Appendix B (informative appendix): Accounts Receivable Transfer Notification Appendix C (informative appendix): Withdrawal Application and Confirmation Form Appendix D (informative appendix): Accounts Receivable Repayment Account Number Change Notification Appendix E (informative appendix): Accounts Receivable Repurchase Notification Appendix F (informative appendix): Payment Guarantee Application and Confirmation Form Appendix G (informative appendix): Non-Recourse Commercial Factoring Contract Appendix H (informative appendix): Recourse Commercial Factoring Contract

Development Information

Related Standards