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Outward_Financing

Purchase order financing


Introduction:
It is specific financing for purchasing, producing and shipping under purchase order (hereinafter referred to as “order”), of which expected receipt of fund would be taken as source of repayment.
Feature:
It is simple and practicable which needs authenticated and valid contract and order, relevant guarantee to be worked out. It solves the fund problem at earlier stage to finish the order smoothly for the corporation.
Service object:
Corporate customers hold authenticated and valid contract and order, and comply with the credit conditions of our bank.
Business process:
i.Customers make application for financing holding purchase contract and order to our bank,and present related documents;
ii.Our bank would accept,investigate and approve,then sign《Contract on order financing》and《Contract on guarantee/mortgage/pledge》(if necessary);
iii.To release the loan which must be used in accordance with the contract,the corporation must fulfill the obligation of delivering the goods;
iv.To deal with receivables in our bank with related business process after delivery;
v.Our bank shall deduct principle,interest and relevant charge after receiving the payment in due time,and release the left fund (if any) to the customer.