Home > Corporate Business > Transaction Banking > Supply Chain Financing > Commodity Mortgage Financing
Guaranteed Delivery of Goods
2021-11-25
Definition of product
Guaranteed delivery mode is also known as confirmed warehouse mode, referring to that enterprise pay a certain proportion of deposit and obtain credit from our bank to pay for the upstream seller relating to its trade, and the upstream seller delivers commodities to the enterprise with delivery notice issued by our bank after the enterprise implements the delivery requirements of our bank. In case of failure of the enterprise to redeem commodities on time when the credit is due, the upstream seller shall refund corresponding amount of payment to our bank as agreed.
Scope of application
It is applicable to enterprises engaged in distribution or production of bulk commodities, and the upstream seller has high credit level and is willing to bear responsibilities of refund for outstanding part of commodities.
Functional characteristics
1. It can achieve price discount through batch purchase, and the principle of “pay off in off season, sell in peak season” is beneficial to control price risk;
2. The commodities are directly supervised by upstream enterprises, which saves the payment of supervision fee.
(For more details, please contact nearby branch counters of Guangzhou Rural Commercial Bank or call customer service of our Bank at 961111)
To Top