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Corporate Banking

Outward Documentary Bills under the L/C

Introduction

It refers to a kind of trade financing business that after shipping goods under the letter of credit, the exporter submits the full set of export documents under the letter of credit to Guangzhou Rural Commercial Bank, and Guangzhou Rural Commercial Bank advances the payment for the goods to the exporter and preserves the right of recourse after confirming the consistency of the documents with the letter of credit, and then claims for the payment to recover the money of the documentary bills.


Scope of application

Unit customers engaged in export trade.


Features

· Save financing costs of enterprises.

· Collect money in advance and accelerate capital turnover.

· Handle foreign exchange settlement in advance and lock the exchange rate risk.


Conditions

1. Customers submit the application for outward bills purchased under L/C and other related documents.

2. Our bank goes through the internal examination and approval procedures for the accepted businesses.

3. The line of credit for relevant financing is deducted and the documentary credits are entered in the account.

4. The line of credit for relevant financing is recovered after the receipt of remittance or after repayment by the customer.


(Note: For details, please call 961 111 or come to the nearby GRCB outlet.)

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