Global Financial Platform (“GFP”) (patent pending)

C-Me’s GFP eliminates the need for letters of credit by allowing overseas suppliers ship merchandise to pre-approved retailers/buyers in the United States.  C-Me pioneered this process by establishing the first tri-party agreement with The CIT Group and Bank SinoPac in Taiwan.  In essence, it is the first workable international factoring mechanism.  Overseas suppliers, U.S. retailers/buyers, international banks and CIT are linked to C-Me's Global Financial Platform.  Through this arrangement, each of the tri-party participants play an integral role.  First, CIT guarantees the credit worthiness of the U.S. retailers/buyers.  Secondly,  Bank SinoPac provides cash advances up to 80% and acts as the conduit for foreign suppliers to receive payment.  Through C-Me’s GFP, U.S. retailers/buyers can purchase overseas merchandise, just as they purchase domestic merchandise, with open terms and without the need to open letters of credit.  Overseas suppliers ship merchandise to pre-approved retailers without payment risk and receive up to 80% cash advance when they ship the merchandise. 

Click here to get more details of our Global Financial Platform (patent pending)