Our bank shall grant special loans to the beneficiary (exporter) of L/C for the purpose of purchasing, producing and shipping the goods under L/C。
Product function
1.To meet the short-term financing needs of exporters to prepare shipments under letters of credit。
2.The source of repayment is the export receipts under the letter of credit, with the issuing bank's conditional credit protection。
3.It is a special loan, clear trade background, suitable for closed management。
2.The source of repayment is the export receipts under the letter of credit, with the issuing bank's conditional credit protection。
3.It is a special loan, clear trade background, suitable for closed management。
Product characteristics
1.Expand trade opportunities。When exporters themselves are short of funds and can not get the payment terms of advance payment, help exporters to smoothly develop business and seize trade opportunities。
2.Reduce capital constraints。In the production, procurement and other preparatory stages do not occupy the exporter's own funds, can alleviate the pressure on working capital。
利率
The financing rate shall be subject to the interest rate authorized by our bank for trade financing business。
Applicable customer
The exporters are short of liquidity, and the foreign importers do not agree to pay in advance, but agree to open letters of credit。
Application conditions
1.Approved and registered according to law, with annual inspection of the legal person's business license or other effective documents to prove the legality and scope of its business;
2.Have a loan card;
3.Have an account opening license and open a settlement account with our bank;
4.With import and export business qualifications;
5.We have a line of credit with us。
Submit materials
1.A written application;
2.Foreign sales contracts and domestic procurement contracts;
3.Trade briefing;
4.Original letter of credit。
Handling process
1.The exporter signs a financing agreement with our bank and submits to our bank a package loan application, trade contract, original letter of credit and related materials。
2.We will transfer the packaged loan funds to the exporter's account after verification。
3.The exporter shall submit the documents under the L/C to our bank after the purchase, production and shipment of the packaged loan funds。
4.We will send the documents to a foreign bank (issuing bank or nominated bank) for remittance claim。
5.When the foreign bank makes payment to us, we will use it to repay the packaged loan。
Warm reminder
1.Need to sign a formal loan contract (package loan) with the bank;
2.The financing bank shall be the advising bank upon the letter of credit for the loan, and the financing bank may negotiate and pay;
3.The letter of credit should preferably contain no "soft terms" which the exporter cannot fulfill;
4.After applying for a packaged loan, the original letter of credit must be retained with the financing bank;
5.Under normal circumstances, the remittance received under the letter of credit must be the first repayment source of the packaged loan;
6.After you have shipped the goods and obtained the documents under the L/C, you should present the documents to the bank in time。