Introduction

At your request our bank opens a usance L/C, after confirming the draft from foreign exporter, we will pay to the foreign exporter immediately for the draft confirmed by us. This is a kind of financing service without recourse. Charge according to the discount interest rate. Interest may be paid by buyer or seller.

Benefits

With usance L/C, payment can be made immediately, so that you can enjoy discounts offered by your exporter when financed by us.

Not occupy separate credit line. It can be handled conveniently within the amount of L/C.

Financing period and interest rate determined in advance to facilitate the accounting of costs and benefits for you.

Handling Process

1．Apply to open an L/C based on signing of contract with exporter (indicate interest to be paid by buyer or seller on the application form);

2．Our banks opens a usance L/C indicating payment at sight to the foreign exporter;

3．Foreign bank sends a document to agree with your acceptance of bill;

4．Our bank pay to the foreign exporter immediately (if interest to be paid by buyer, our bank will deduct interest from the account of importer; if interest to be paid by seller, our bank will deduct interest from the amount to be paid);

5．At the date when the draft is due, pay back to our bank.

Introduction

It is a short term financing product used in importing to pay to the exporter, which includes:

1. Financing under L/C;

2. Financing under D/P;

3. Financing under T/T.

Benefits

Meet your demand for short term financing.

If handled under integrated credit line, the procedures are simple and the operations are flexible.

Choose financing currency according to interest rate of currencies to save financing costs.

Handling Process

1. Submit written application to our bank;

2. After our bank has verified the credit line or applied single credit, your are to sign an agreement with us to determine amount, term, interest rate, and repayment date etc;

3. Our bank releases the financed money and pay to your exporter;

4. You pay back to us with your sales revenue.

Introduction

At your request, our bank opens an L/C for you with reduced deposit or no deposit at all. If you apply for this kind of L/C, you should have credit line. In opening the L/C, your credit line will be reduced, when the L/C has been paid, the credit line will recover.

Benefits

Use your credit line to reduce the deposit for opening the L/C to reduce the occupation of your capital, so that you can make full use of our reputation to enable more trade opportunities.

Handling Process

1. You apply to our bank for opening an L/C with reduced deposit within the credit line, submitting the application for opening an L/C and another application for reducing deposit and other material;

2. After passing our checking, our bank will issue the L/C;

3. The exporter’s bank will inform the exporter, after delivering the goods, the exporter will submit documents to negotiating for payment;

4. After we have received the documents sent by the negotiating bank, we will inform you for payment or acceptance;

5. We make payment/acceptance to the exporter’s bank, or handle import financing at your request;

6. After the L/C has been paid, the credit line will recover.

Introduction

After you have received valid L/C, to support your performance of contract and delivery of goods in time, our bank can provide dedicated loans for you to purchase, produce and ship the goods under the L/C. It is a kind of short term financing before shipping, enabling you to purchase and process material to carry out business even if your own capital is insufficient.

Benefits

Enlarge trade opportunity – when your own capital is in shortage, and you cannot seek payment in advance, we can help you to carry out business and grasp trading opportunity;

Reduce capital occupation – your own capital is not necessarily to be occupied in the production and material purchasing period to prepare the goods, so that it can relieve the pressure related to working capital.

Handling Process

1．You submit to us the original L/C, international sales contract and domestic purchasing contract, introduction of trading and the “Application for Packing Loans”.

2．Having checked the compliance of your material, we will sign a “Contract for Packing Loans” with you and release the packing loans.

3．Under the L/C, our bank will be responsible for advising, negotiating and collecting payment. After you have shipped the goods and obtained the bills and documents under the L/C, you are to submit them to our bank in time, we will negotiate for payment and collect foreign currency to get repaid for our loans.

Introduction

Under the terms of payment of T/T or D/A, when you have completed the delivery obligations under the export contract, you are to submit export invoice and other relevant documents, and propose financing application at the same time. The foreign currency derived from export will be the main the source for repayment. It is a kind of short term trading financing service.

Benefits

Avoid exchange rate risks;

Make your interest payments more reasonable to reduce your financial costs;

You can get financed in a short period to solve your liquidity problems;

Simple operation, our bank will manage your sales ledgers so that your corporate account management will be more efficient;

Handling Process

1. You submit the application to our bank, if meeting our crediting requirements, we will determine credit line accordingly;

2. You and our bank sign the Export Invoice Discount Commitment;

3. Based on trading contract and effective commercial bills our bank will handle your discount applications one by one;

4. After verifying the bills, we will handle discounting, transferring the money into your account;

5. In your invoice to be submitted to the importer should add special article advising the importer to transfer the money into the account designated by our bank when the payment is due;

6. You pay back to our bank after you have received foreign exchange via T/T.

Introduction

When your export tax return fails to get into your account in time resulting in shortage of capital, you can entrust your export tax return account to us, with the receivables arising from export tax return as a guarantee for repayment, we can provide you with short term loan for working capital.

Benefits

Accelerate cash flow – solve your short term capital constraints due to your export tax return unable to get into your account in time;

Improve financial situation – reduce your financial pressure and improve cash flow;

Flexible and convenient operation – under the precondition that your export tax return account is entrusted to us, we need no collateral in other forms, within the loan limits, the capital can be used in cycle.

Handling Process

1. Submit to our bank the credit line application material and application for export tax return account based loan limits;

2. Submit to our bank the Tax Return Registration Certificate printed by the State Tax Administration, the export tax return checkbook annually reviewed by local trading administration, and tax return checkbook annually reviewed by local state tax administration;

3. After the loan limit has been approved, confirm the amount of each sum of tax to be returned according to the “Confirmation for the Tax to Be Returned” from the state tax administration or confirmation from foreign trade department;

4. Sign the loan contract with us, and we will release the loans;

5. Tax returned to the account will be used to repay our loans.

Introduction

After you have shipped the goods and submitted L/C or bills required by contract to us, at your request our bank will provide you with export financing under L/C or D/P with the provided export bills as collaterals to provide you with short term financing after shipment.

Benefits

Simplify the financing procedures – the procedures are simpler and easier compared with those of working capital loans;

Accelerate cash flow – you can be paid before importers pay for the goods, which accelerates the cash flow velocity;

Improve cash flow – increase your current cash flow, thereby improving financial situation and providing financing capability;

Save financial costs – choose financing currency based on different interest rate level of different currencies, thereby minimizing financial costs;

Fast and flexible operation – no credit line will be occupied for financing under valid L/C documents; the procedures are simple and easy.

Avoid exchange rate risks – receive foreign exchange in advance and avoid exchange rate risks.

Handling Process

1．You and our bank sign the formal trading financing agreement;

2．You provide to our bank the original L/C and the whole set of documents whereof or collection documents to get financed under collection within the financing limits, and submit the export financing application;

3．If passed our examination, we will release the money under the L/C or collection;

4．According to the requirement of L/C or collection instructions, our bank send the bills to the issuing bank or collection bank to get foreign exchange;

5．After our bank has received the money for goods, your loans will be repaid by it directly.

Introduction

Also called bill purchase, our bank purchase from you without recourse the term draft accepted/confirmed or guaranteed by banks and provide you with financing.

Benefits

Final financing facilities – forfeiting is a kind of trade financing facility without recourse, once you obtain financing payments, you will not be responsible for the solvency of the debtors any more; Meanwhile the banking credits will not be occupied;

Improve cash flow – change long term receivables into current cash inflow to improve your financial situation and liquidity, to avoid occupation of capital and further improve your financing capability;

Handle tax return in advance – after getting forfeiting service, you can handle foreign exchange and export tax return procedures immediately;

Avoid all kinds of risks - after getting forfeiting service, you will not be exposed to the risks related to interest rates, exchange rates, credits and nations etc;

Increase trade opportunities – you can enable transaction with importer through the condition of delayed payment, to avoid the situation that transaction cannot be carried out because the importer is short of capital;

Handling Process

1．You submit the “Forfeiting Business Application” to our bank, and we will make quotation, after you have received the quotation, you can sign with us the “Forfeiting Business Commitment”;

2．Prapare goods and submit the bills and documents to our bank for negotiating payment;

3．After receiving acceptance telegraph from overseas issuing bank/paying bank for the term draft, we will purchase the term draft;

4．The issuing bank/paying bank will pay when the accepted term draft is due, our bank will get the payment and the money for purchasing the bill will be repaid.

Introduction

Under the L/C, our bank buys in the term bills that have already been accepted by overseas bank and not expired and reserve the recourse to provide you with short term capital financing.

Benefits

Simplify the financing procedures – the trade financing service that the banks are most willing to provide. Its procedures are the most simple and easy;

Accelerate cash flow – get back long term debt immediately to accelerate cash flow, ease capital pressures and avoid exchange rate risks;

Expand trade opportunities – no occupation of your credit line, also provides the importers with financing facilities for long term payment to expand trade opportunities;

Handling Process

1. You use our bank as negotiating bank, and submit to our bank the original usance L/C and the whole set of valid bills and documents.

2．You submit to our bank the “Export Discount Application” to require discounting of accepted draft for usance L/C.

3．After our bank receives the telegraph for acceptance and has verified its authenticity, we will release the discount to you and deduct the negotiating expenses and discount interests.

4．Our bank will receive the money under the L/C when the accepted draft is due, the discount will be repaid directly.

Introduction

In domestic trade, our bank as the issuing bank offers you a payment commitment at your request to pay upon the bills meeting the terms of the opened L/C.

Benefits

Diversified settlement method – add a settlement method for domestic trade;

Avoid transaction risks – with bank credit as a guarantee for payment, ensuring the transaction safety of both buyer and seller, enabling more transaction opportunities for you;

Financing channel facilities – get financed through opening an L/C with reduced deposit and buyer financing etc;

Optimize efficiency in the use of capital – use bank credit line to open an L/C for deferred payment, get goods before paying for L/C expenses with sales revenue, so that your own capital will not be occupied.

Features

Domestic L/C is handled in Chinese;

Domestic L/C is calculated in RMB;

Domestic L/C is irrevocable, non-transferable documentary L/C.

Introduction

With chattel mortgage meeting our requirements as crediting condition, utilizing the logistic information management system of logistic company, combining our cash flow with your logistic flow, we offer you this product integrating financing and settlement and other services.

Benefits

Flexible and convenient operations, no other collateral is needed;

Finance based on product and trade links, and financing channel is expanded;

Optimize financial structure, reduce capital occupancy and accelerate cash flow.

Handling Process

1．You submit relevant data to our bank, apply for credit line and sign “Crediting Agreement” with our bank;

2．Three parties – you, our bank and logistic company sign the “Agreement on Supervision and Mortgage of Imported Goods”

3．After arrival of bills and your confirmation, our bank will issue the “Bill Handover Notice” and hand it to the logistic company to confirm for receipt, then our bank will handle financing/acceptance;

4．After goods arrive, the logistic company will perform the declaration and custom clearance procedures, transporting the goods to the place designated by our bank for warehousing and issue an “Inbound Bill” with our bank as the pawnee;

5．Each time before you pick up goods you shall transfer the amount corresponding to the goods to the margin account at our bank, then our bank will issue an “Outbound Bill” for you;

6．The logistic company will check the “Outbound Bill” and handle the outbound formalities for the goods corresponding to the “Outbound Bill”;

7．You can repay the financing to our bank with sales return.

Introduction

Our bank and you sign the “Agreement on Forward Foreign Exchange”, based on your application, agreeing on the currency, amount, exchange rate and term for foreign exchange at a certain date; when the time is due and foreign exchange income or expenditure happens, we will handle foreign exchange business for you according to the agreed terms.

Benefits

Lock swap costs in advance, avoid the risk of exchange rate fluctuations;

Accurate cost and revenue accounting, grasp the detailed time and amount of the capital received or paid;

Earn proceeds from foreign exchange gap.

Handling Process

1．You and our bank sign the “Agreement on Forward Foreign Exchange”;

2．You apply to our bank for quotation and we quote for you;

3．Pay deposit according to stipulations and submit corresponding bills and documents;

4．After our bank has checked and confirmed the bills and documents, we confirm the transaction formally, and fill the “Confirmation for Forward Foreign Exchange”;

5．Deliver at the due date.