Product definition
Opening a letter of credit by reducing the deposit refers to the trade financing business in which our bank exempts or partially exempts customers from opening a letter of credit deposit. When customers apply for margin relief and open a letter of credit, they need a credit line, which is deducted when opening a letter of credit and restored when the letter of credit pays foreign exchange.
Product advantage
To provide you with pre-import financing, you only need to open a letter of credit with a small amount of funds, which will help you expand your business.
import bill advance
Product definition
Import bill refers to the short-term financing provided by the bank to the applicant for overseas payment under the premise of mastering the import right of goods under the import letter of credit, and the applicant pays the principal and interest according to the agreed interest rate and time limit.
Product advantage
This business is to provide importers with post-import financing, and provide strong financing support to customers in the whole process from the import of goods to the actual sales and payment recovery, helping customers to speed up their turnover.
Delivery by bank guarantee
Product definition
The delivery guarantee means that when the original ocean bill of lading under the letter of credit opened by our bank according to the customer's application has not been received, and the goods have arrived at the port, the customer can apply to our bank to open a delivery guarantee and give it to the carrier for delivery first. After the customer obtains the original documents, the original documents will be exchanged for the original delivery guarantee.
Product advantage
Post-import financing of import enterprises can meet customers' demand for early delivery and reduce the impact of goods stranded in Hong Kong.
packing credit
Product definition
Packaging financing, also known as export letter of credit mortgage loan, refers to the exporter applying for RMB working capital loan from our bank after receiving the letter of credit from the issuing bank for purchasing, processing, packaging and producing export goods.
Product advantage
Provide pre-export financing for export enterprises to solve the capital demand of enterprises before shipment.
Purchase of export bills
Product definition
Export bill refers to a short-term export trade financing method in which the Bank, at the application of the beneficiary (exporter), pays the consideration to the beneficiary who has the right of recourse for immediate or forward export documents and obtains the right of relevant documents to finance the beneficiary without receiving the relevant funds.
Product advantage
Post-export financing provided to export enterprises meets the needs of customers to collect foreign exchange in advance.
Forfaiting
Product definition
Forfaiting, also known as bill package purchase, refers to the business that banks buy or act as agents to buy forward bills accepted by issuing banks because of their customers' real trade background. Forfaiting business includes two modes of operation: self-purchasing and acting as an intermediary.
Product advantage
The post-export financing of export enterprises has no recourse to customers, and the buyout interest rate is fixed.
Xinbao financing
Product definition
Trade financing under short-term export credit insurance, referred to as credit insurance financing for short, refers to the short-term trade financing business that the exporter applies for short-term export credit insurance with China Export Credit Insurance Corporation and transfers the indemnity right of export credit insurance to our bank, and then we handle it for the export business of exporting goods, declaring exports and paying premiums according to the export contract.
Product advantage
Exporters can handle the bill discount business under letters of credit, collection and unsecured remittance with the insurance policy of China Xinbao.
Export tax rebate loan
Product definition
The escrow loan of export tax rebate account refers to the short-term working capital loan provided to export enterprises with export tax rebate accounts receivable as repayment guarantee under the premise of escrow of the special account for export tax rebate, which is used to solve the short-term financial difficulties caused by the failure of export enterprises to receive export tax rebate in time.
Product advantage
Alleviate the short-term financial shortage caused by insufficient export tax rebate indicators, solve some loan mortgage guarantee problems, and support enterprises to further expand exports.