About us
Inward_Financing

Outward remittance financing


Introduction:
It is short-term financing under payment on delivery,our bank pays the fund against valid certificate and commercial documents under outward remittance for the importer.
Feature:
i.To make use of bank capital to accomplish commodity import and domestic sales without tie-up of fund;
ii.It helps importer to acquire title documents, to take delivery of goods and to resell the goods beforehand so as to win the market share;
iii.It improves importer's ability to bargain by changing the payment period from after sight to sight or shortening the payment period.
Service object:
i.Customers encountered temporary difficulties in cash flow and were not able to make payment in due time;
ii.To provide admissive guarantee and sign《Agreement on outward remittance financing》and《Contract on guarantee/mortgage/pledge》(if necessary) after approval;
iii.Our bank shall remit the financing fund outward substituting the customer;
iv.Customer shall pay bank the financing in due time.
Business process:
i.Customer shall present application for outward remittance financing;
ii.To provide admissive guarantee and sign《Agreement on outward remittance financing》and《Contract on guarantee/mortgage/pledge》(if necessary) after approval;
iii.Our bank shall remit the financing fund outward substituting the customer;
iv.Customer shall pay bank the financing in due time.