First, the concept of packaged loans

Packaging financing, also known as letter of credit mortgage loan, refers to the shortage of funds after the exporter receives a foreign letter of credit, and applies for a working capital loan in local and foreign currencies from the bank with the letter of credit as collateral to meet the funding gap in the process of processing, packaging and transportation of export goods.

Two. Conditions for packaging loans

1. The enterprise is registered locally, with independent legal personality, independent accounting, import and export rights, and has RMB account or foreign exchange account in the bank.

2. The exporter shall conduct independent accounting, be responsible for its own profits and losses, be in good financial condition, have a loan certificate, and have a credit rating above A level. ..

3. The exporter applying for packaged loan shall be the beneficiary of the letter of credit, and has obtained all the approval documents required for the export of goods under the letter of credit from relevant departments.

4. The letter of credit should be an irrevocable documentary letter of credit, and the settlement of the letter of credit cannot be changed to other settlement methods such as telegraphic transfer or collection, and the issuing bank should be a powerful big bank.

The terms of the letter of credit should be basically consistent with the signed contract.

6. It is best to find another enterprise to provide guarantee or collateral.

7. The exported goods shall be within the business scope of the exporter.

8. The political situation in the issuing country of the letter of credit is stable.

9. If the letter of credit specifies a negotiating bank, the packaged loan shall be handled at the negotiating bank.

10. The type of letter of credit cannot be: revocable letter of credit, transferable letter of credit, standby letter of credit, payment letter of credit, etc.

1 1. The usance letter of credit cannot exceed 90 days.

Three. Information to be provided to the bank when applying for a packaged loan.

1. Original letter of credit. Apply for a working capital loan. Export contract. Domestic procurement contract. Copy of business license. Loan certificate. Annual statements for the past three years. Last month's financial statements. Certificate of legal representative.

Four. Amount and duration

1. The maximum amount is 80% of the amount of the letter of credit.

2. The term shall not exceed 65,438+05 days after the validity of the letter of credit, usually three months, and the longest shall not exceed half a year.

3. Extension: When the last shipment date and validity period of the letter of credit are modified, the exporter cannot deliver the documents to the bank as scheduled, and the exporter shall apply to the bank for extension ten working days before the loan expires.

4. Materials to be provided for extension: original loan extension application and letter of credit amendment.