With the fast development of International Trade in recent years, the competition of the Market is becoming increasing fierce, the old Seller’s Market has changed into the Buyer’s Market and the Settlement has also been given more consideration during the competition. Non-Credit Settlement has seen a growing proportion. Under such changing situation, International Factoring, a comprehensive finance business which combines of risk guarantee and financing has been developing fast in global scope. Rapid increase of Foreign Trade Gross in China will bring a bright future to International Factoring Industry as well. In order to promote the further utilization in our country, we should learn from other advanced countries and regions, speed up the Legislation of relevant laws, increase the devotion to the International Factoring, fasten the usage of E-Business as well as cooperate with Insurance Company to control the potential risks. Moreover, the Export Enterprises especially the Small and Medium Sized Enterprises should pay more attention to this New Business and fully aware of the benefits which can bring about, rise the proportion of International Factoring in the International Settlements, strengthen its competition under the premise of improved quality of the products and the services, gain a larger share in the International Market therefore.
【Key Words】 International Factoring; Letter of Credit; Commercial Credit