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Export Bill Advance
2017-10-26
(I) Product function
When the clients (exporters) deliver the goods and present the documents required by the L/C or contract to us, our Bank will provide short-term financial integration to the clients after passing the review.
(II) Business characteristics
1. Importers can be paid in advance before the payment of goods, thus accelerating the speed of capital turnover;
2. Financing procedures are simple and easy compared with working capital loans, etc.;
3. Improve financial status by increasing current cash flow;
4. Foreign currency financing funds can be settled.
(III) Applicable objects
1. Exporters with limited working capital and relying on rapid capital turnover to carry out business;
2. Exporters who encounter difficulties in temporary capital turnover or new investment opportunities after delivery or before collection.
(IV) Business procedure
1. The clients (exporters) apply to our Bank for the review of the limit of credit extension;
2. The clients submit outward documentary bill materials to our Bank, including financing application, financing agreement, export contract, etc.;
3. After passing the review, our Bank will issue the documentary bill payment to the clients.
4. After receiving the foreign exchange, the clients return financing to our Bank.
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