1.Shippin Guarantee
Product Description：
Shipping Guarantee-If the imported goods arrive earlierthan thebills of lading , the importer, for the sake ofearlypick, will apply for a shipping guarantee issued by the L/C issuingbank. Theimporter has picked up goods from the shipping company first. After the original bill of ladingarrive, the Importer then make payment and take itto the shipping companyin exchange forthe shipping guarantee.
It is usable for importing goods with a short distance transportation, in case of the document preparedfor a long time, and the goods arriveearlier thandocuments, especially for fresh products, frozen foods, etc.
I.reducecapital pressure. The use of bankcreditto deliverysales first, accelerate the return of funds, reducecapital pressure.
II.Seizemarket opportunities.Importerof the goodsprior toreceiptachievetimely access toproperty rightscasedocuments, delivery, resale,and thustake advantage of favorablemarketto seize market opportunities.
III.Savefinance costs.Helpimporter to deliver timely andto avoidstranded costs.
Service Target：
Companies registered legally with good credit.
Application Document：
Shipping guarantee application form, original commercial invoice, originally and duplicate copy of bill of lading, copy of bill of lading, shipping company shipping guarantee (if available)
2.Forfaiting
Product Description：
FORFAITING-The bank discounts without recourse the accounts receivables due to goods sale, services providingor assetstransactions.Usually thecreditor has been guaranteed bybank acceptance/ defer payment/confirmation. Such as:Usancedraft accepted/confirmed by the credit issuingbank .
It is applicable for trade finance with non-recourse under the condition that the accepting/deferred paying/confirming bank is CCB’s correspondent bank with available limit.
I.without recoursebuyout.Accounts receivablewithout recoursebuyout, enabling customers to accounts receivable"pocket for security."
II.Hedgevarious risks. Customers will becountry risk,buyercredit risk,exchange rate risk,interest rate risk, and all transferred to thebank, to achieve the purpose ofrisk aversion.
III.Without occupying customer’s line of credit.Customerswithoutcredit lineorinsufficientcredit line can still get financingfrom the bank.
IV.Increaseliquidity. Customers get100%financing, accounts receivableof the futurecash inflowsintothe current, to avoid tying up capitaland increasecash flow.
V.optimizefinancial statements.Customersat no additionalbank debtcases,reduceaccounts receivable,improve cashflow, to optimize theobjective of financial statements.
Service Target：
Companies registered legally with good credit.
Application Procedure
I.Customer provides forfaiting business application form
II.Signs forfaiting contract with the customer after acquiring available limit or confirmation of transfer from the bank (debtor)
III.Debt transferring.After endorsement of draft to the Bank in cases when customer holds the draft. Signing “Debt Transfer Contract”in cases when draft cannot be acquired.
IV.Discount payment. Deliver fund to the customer after deducting discount interest and related fee and acquiring LC issuing bank/acceptance of LC from designated bank/acceptance notice.
3.Financing Of Import Bills
Product Description：
Financing of Import Bills includes:
L/C/DA/DP: Under import letter of credit/collection(D/A,D/P),the importer apply for a short term loan to pay the proceeds with shipment documents.
OA:The importer apply for a loan with shipment documents to pay the imported goods under Open Account.
Product Advantage：
I.reducecapital pressure. The use of bankfunds forimport and sale ofgoods, does nottie upany fundsto complete thetrade andearn a profit.
II.Seizemarket opportunities.Importerscannot immediatelypay the purchase priceincase oftimely access topropertyreceipts, delivery, resale,thusseize market opportunities.
III.Increase its bargaining power. Throughthe paymentperiod fromforwardtospot, or the correspondingperiodshortertermpayments, can helpimportersto increasebargaining power to exporters.
Service Target：
Companies registered legally with good credit.
Application Document：
I.LC/DA/DP Financing
Import Financing Application (Do not require for those who has contract under LC application)
II.OP Financing
OA Financing Application
Outward Remittance Application
Transaction Related Document
4.Export Bills Negotiation
Product Description：
EXPORT BILLS NEGOTIATION–In accordance withthe terms and conditions of the letter of credit/ contract(D / A, D / P),the exporterpresentdrafts and documents(or only presenting documents without drafts) to its bank for payment aftershipment , or apply fortrade finance if necessary.
Particularly the clean documentsfinancingunder theexportletter of creditis callednegotiation.
Product Advantage：
I.accelerates cash flow. The importerbeforepaymentcanbepaidin advance, thus speeding up therate of capital turnover.
II.Simplifyfinancingprocedures.Financechargesrelative to theliquidityloans is easy.
III.Improve cashflow. Current cashflowcan be increased, thereby improving financial position.
IV. Save finance costs. According to the level of interest rates of different currencies currency financing options, thus saving financial costs.
Service Target：
Companies registered legally with good credit.
Application Document：
I.Under LC
Export Bills Negotiation Application
LC and original LC Amendment
LC required document
II.Under D/P, D/A
Export Bills Negotiation Application
Required document
