INTERNATIONAL BUSINESS

Introduction:

It is short-term financing under payment on delivery,our bank pays the fund against valid certificate and commercial documents under outward remittance for the importer.

Feature:

i.To make use of bank capital to accomplish commodity import and domestic sales without tie-up of fund;

ii.It helps importer to acquire title documents, to take delivery of goods and to resell the goods beforehand so as to win the market share;

iii.It improves importers ability to bargain by changing the payment period from after sight to sight or shortening the payment period.

Service object:

i.Customers encountered temporary difficulties in cash flow and were not able to make payment in due time;

ii.To provide admissive guarantee and sign《Agreement on outward remittance financing》and《Contract on guarantee/mortgage/pledge》(if necessary) after approval;

iii.Our bank shall remit the financing fund outward substituting the customer;

iv.Customer shall pay bank the financing in due time.

Business process:

i.Customer shall present application for outward remittance financing;

ii.To provide admissive guarantee and sign《Agreement on outward remittance financing》and《Contract on guarantee/mortgage/pledge》(if necessary) after approval;

iii.Our bank shall remit the financing fund outward substituting the customer;

iv.Customer shall pay bank the financing in due time.