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Import Agency Payment
2019-10-23
(I) Product function
When the clients apply to our Bank for entrusting domestic and foreign banks to pay the import payment in advance, they can complete the processing and sales of domestic goods to facilitate the capital turnover without occupying capital, and seize the market opportunity.
(II) Business characteristics
1. Financing is available under import L/C and import collection;
2. It is possible to make payment in RMB or foreign currency negotiation, but they should be consistent with the demand of foreign exchange payment;
3. The financing period is matched with the period of capital withdrawal from sales of goods, which should not be more than one year in principle.
(III) Applicable objects
Foreign trade enterprises, industrial and trade enterprises, foreign-funded enterprises, or self-operated import enterprises with the right of import and export business and the need of financing.
(IV) Business procedure
1. When the clients (import enterprises) apply for the limit of credit extension in our Bank, our Bank will review and approve the credit extension in accordance with the provisions and authority of the credit business;
2. The clients submit business applications and background information
3. After passing the review, our Bank handles the procedure of charge off;
4. Our Bank makes foreign payment through telegraph text instruction negotiation;
5. On the due date, the clients will return the principal and interest of the financing to our Bank on time and resume the corresponding limit of credit extension.
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