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Foreign Currency Loans
2017-10-26
(I) Product function
In case the clients need capital due to the import foreign exchange payment or the expectancy of export foreign exchange collection, they will apply for a foreign exchange loan from our Bank for the purposes of import enterprise purchasing or export enterprise reproduction.
(II) Business characteristics
1. Foreign currency loan interest rates are freely negotiable according to market conditions and are highly competitive.
2. Foreign currency loans based on the expectancy of foreign exchange collection can be used for foreign exchange settlement;
3. Be beneficial to reduce the financial cost of import enterprises.
(III) Applicable objects
1. Import enterprises with demand for foreign exchange payment;
2. Export enterprises with expectancy of foreign exchange collection;
3. Enterprises that need to exchange inter-bank foreign currency loans.
(IV) Business procedure
1. The clients submit materials to our Bank for applying the quota of credit extension of foreign currency loan;
2. The clients submit the background information to our Bank, and our Bank will issue the foreign currency loans, including:
In case it is an import enterprise, we will remit the payment to the overseas payee;
In case it is an export enterprise, the amount can be settled into the RMB account of the enterprise.
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