1. The meaning of the borrowing direction of "money in transit" in government accounting

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2. What is the concept of financing in transit?

In-transit financing means that companies use goods in the process of transportation as collateral to apply for loans from banks.

First of all, the enterprise needs to submit an application for pledge of goods in transit and provide relevant materials, including the value of the goods in transit, destination, etc. After receiving the application from the enterprise, the bank will verify the situation and formulate an appropriate pledge rate based on market conditions, the value of the goods and the degree of risk. Subsequently, the bank sent a dedicated person to pick up the goods and arrange transportation. During the entire transportation process, the bank needs to supervise the whole process. After the goods arrive at the destination, the loan financing business ends and the company returns the loan; or the goods are stored in the bank's designated warehouse and transferred to the warehouse receipt pledge financing business; if the goods are on credit Successful sales can be transferred to accounts receivable financing business.

3. What is the meaning of loans in progress

Case in progress refers to cases that have not yet been concluded. When applying for a loan, the lender must truthfully fill in the relevant information and cannot conceal it. If there are cases in progress, there will be great uncertainty. Lenders will generally have a detailed understanding of the case profile and make a loan based on the circumstances.

When taking out a loan, if it is prompted that there is a case in progress, it only means that the loan has not been confirmed. It has nothing to do with whether the loan product of consumer finance is illegal or involved in the case. At this time, users can log in to the China Post Consumer Finance APP to see if there is indeed a loan without confirmation.

If there is indeed a loan that has not been processed, please process the previous loan before applying. China Post Finance does not support applying for multiple loans at the same time, and only supports applying for one loan in a time period.

4. What is the meaning of loans in progress

Case in progress refers to cases that have not yet been concluded. When applying for a loan, the lender must truthfully fill in the relevant information and cannot conceal it. If there are ongoing cases, it means there is great uncertainty about the lender's repayment ability. Lenders will generally have a detailed understanding of the case profile and impose necessary restrictions on the lender's lending behavior based on the circumstances.

When taking out a loan, if it prompts that there is a case in progress, it just means that the existing loan has not been confirmed or the loan product applied for by China Post Consumer Finance through other channels has not been confirmed. It has nothing to do with whether the user has broken the law or participated in the case. It has nothing to do with it. At this time, users can log in to the China Post Consumer Finance APP to see if there is indeed a loan that has not been confirmed.

If there is really a loan that has not been processed, please process the previous loan first before applying. China Post Finance does not support applying for multiple loans at the same time, and only supports applying for one loan in a time period.