OTFC was founded by William Xu in 2012. Since its establishment, OTFC has been focusing on trade financing in a broad sense, providing trade advisory services, forfaiting and factoring arrangements.
In response to clients’ increasing demand for factoring services, OTFC launched its factoring consulting services in 2018.
Operate by qualified practitioners with professional experiences
William Xu, the founder of OTFC, has more than 30 years of work experience in trade finance. Before starting his own business, William worked as a leader of international business and product management at Commerzbank, Shanghai, China, where he developed derivative products widely welcomed in Chinese market. William has also worked with several reputable international banks, including OCBC, Credit Suisse and ABN AMRO, utilizing his extensive working knowledge in trade fiance and structured finance.
Casey Wang specializes in factoring, has more than 30 years of relevant work experience. In 1989 he joined Taiwan-based Chailease Group and became one of the first few factoring practitioners in Taiwan. He was granted “The Diploma of Proficiency in FCI International Factoring” in 1991, and was the very first person in Mainland China and Taiwan that obtained the diploma. Since 1998, Casey Wang has been working with more than 50 banks and leasing or commercial factoring companies across Taiwan Strait, providing expert advice for factoring business. He also lectured in educational and training institutions, as well as consulted for IT service providers and governments. In 2003 and 2013, Casey Wang was authorized by FCI to translate and annotate FCI’s General Rules for International Factoring (GRIF) respectively, the two books were then published and adopted to be the guidelines for Taiwanese banks. Casey Wang was invited by William to join OTFC in September 2018.