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Corporate Banking

Guaranteed delivery of goods

Introduction

Guaranteed delivery of goods, also known as confirming storage, means that an enterprise pays a certain percentage of deposit and obtains credit from our bank to make payment to the upstream seller under the item of trade, and that the upstream seller delivers goods to the enterprise against our bank-issued goods delivery notice after the enterprise has implemented our bank's goods delivery requirements. If the enterprise fails to redeem the whole goods on schedule upon the expiry of the credit, the upstream seller should return the corresponding funds to our bank in accordance with the agreement.


Scope of application

It's applicable to the enterprises that are engaged in distribution or production of bulk commodities, provided that the upstream seller has a high level of credit and is willing to bear the liability of refunding the difference for the goods not redeemed.


Features

1. To obtain price concessions through batch purchase, with "making remittance in off season and selling in busy season" helping to lock the price risk;

2. To reduce the payment of regulatory costs due to the direct supervision and management of goods by the upstream.


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

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