Seller's financing business is a unique financing scheme of Bohai Commodity Exchange, which can alleviate the capital problem of enterprises (traders).
Seller financing means that the borrower (that is, the seller) intends to sell the goods pledged to the bank through the exchange platform.
After the borrower sells the goods successfully, he first entrusts the exchange to redeem the pledged goods, and the exchange will return the money to the bank after receiving it. (Dealers don't need to raise their own funds to redeem the pledged goods, and the exchange borrows the pledged goods from banks to reduce the financial pressure on dealers).
Operation scheme
Enterprise B obtained a bank credit of 80 million yuan through the platform of Bohai Commodity Exchange.
20 12 At the beginning of June, Enterprise B applied for the pledge of financing products with the inventory certificate, pledged a commodity 150 tons, and obtained a loan from the bank of 120,000 yuan. At the beginning of July, because enterprise B expected that the commodity would have a downward trend, it began to pay a 20% deposit to the exchange to conclude a sales contract for the commodity and make a sales declaration. If the sale declaration is successful, the enterprise can apply for using the seller's financing products, and the exchange borrows 150 tons of pledge from the bank, and returns it to the bank after obtaining the payment, so as to avoid the loss of falling commodity prices in the future. If the matching of the selling declaration is unsuccessful, the enterprise can still get compensation for the delayed delivery on the same day (please refer to the product contracts for the specific amount), and can continue to declare according to the price every day until the future sale, and also compensate for the loss of commodity prices in the future.
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