Bills Acceptance

Service Description

A kind of credit activity in which the bank acts as the payer at the application of the drawer, to commit to effect the payment unconditionally to the payee or the endorsee against the valid commercial bills at a specified date.

Features

•  More creditable than the general commercial drafts.

•  Wide circulation.

•  Strong cashibility.

•  To ease your funds pressure and save your expenses.

Business Handling

Clients in short of cash in commodity trade can apply for bills acceptance with the bank to obtain the bank's credit support.  The following documents shall be presented for the application:

•  The Acceptance Application Form;

•  Business license passed annual review;

•  Photocopy of the Code Certificate;

•  The Certificate of Loan, or the Loan Card;

•  The audited financial statement of the last year;

•  The Purchase Contract signed between the buyer and the seller, and

•  Guarantee documents.

Bills Discount

Service Description

A kind of credit service that the bank purchases the undue commercial bills from the payee or the bearer at a certain discount, including banker's acceptance discount and trade acceptance discount

Features

•  Converting your undue bills into cash to accelerate the funds circulation and improve the efficiency of funds uses.

•  Simple processing procedure with low financing costs.

The bank will reserve the bills once discounted and honor it with the accepting bank directly upon due.

Business Handling

To apply for this service with the bank, you shall present the following documents:

•  The Discount Application Form;

•  Business license passed annual review;

•  Photocopy of the Code Certificate;

•  The Certificate of Loan, or the Loan Card;

•  The audited financial statements of the recent years;

•  Legitimate undue bank draft or commercial draft;

•  The Sales Contract or certificate documents of the trade.

Bills Discount with Interest Paid by the Buyer

Service Description

Bills discount service in which the discount interest is paid by the buyer.

Features

•  Inherit all the merits of the bills discount service, and

•  Possess other convenient merits as facilitating the buyer's centralized procurement and increasing the seller's sale scale.

Business Handling

The client shall sign the Business Cooperation Agreement with the bank (two parties or three parties), and submit the following documents:

•  The Discount Application Form;

•  Business license passed annual review;

•  Photocopy of the Code Certificate;

•  The Certificate of Loan, or the Loan Card;

•  The audited financial statements of the recent years;

•  Legitimate undue banker's acceptance or trade acceptance;

•  The Purchase/Sales Contract or certificate documents of the transaction.

Field Warehousing

Service Description

A special bills service, also a form of inventory financing. The bank (the accepting bank) contracts at the application of the distributor (the applicant) with the distributor and the supplier to finance the distribution of the merchandises in the form of field warehousing, that is, the bank hire a independent warehouse company to supervise the merchandises that are purchased by the distributor from the supplier and are pledged as collateral for the financing facility. When a certain amount pick-up deposit is paid (by the distributor), the bank will direct the warehouse company to release corresponding merchandises to the distributor.

Features

•  For the supplier: Promoting sales and accelerate the funds withdrawal by undertaking limited controllable guarantee obligations.

•  Lessen the funds pressure of the distributor by the guarantee of the supplier and the credit support of the bank, thus enable the distributor to expand business, ensure the supply to avoid seasonal shortfall and enjoy more favorable price.

Handling

•  The supplier and the distributor initiate an application;

•  The bank performs investigation on the credit standings and the guarantees;

•  Examination and approval of the credit by the bank;

•  Sign the three parties cooperation agreement and related acceptance contracts and guarantee contracts;

•  The distributor effects a certain amount of guarantee deposit for the drawing of the banker's acceptance;

•  The bank draws the banker's acceptance to the supplier;

•  The supplier stocks commodity into the warehouse designated by the bank;

•  The distributor adds the pick-up deposit;

•  The bank issues bill of lading;

•  The distributor picks up goods and distributes them;

•  Withdrawal of the sales funds by the distributor;

•  The distributor adds another pick-up guarantee deposit or the supplier honors the banker's acceptance.

Corporate Overdraft  

Service Description

A convenient credit service in which the bank grants, at the application of the client, an unsecured credit to his/her corporate settlement account to finance the client's temporary funds need in the event that the deposit of the client's settlement account is insufficient to settle a transaction. In this circumstance, the client can obtain money within the credit line directly by overdrawing.

Features

•  Resolve the temporary funds demands of the corporation.

•  Reduce the workload of the client's cash management, save the financial costs and improve management quality.

Handling

Sign the Overdraft Facility Agreement with the bank and pay a certain amount of undertaking fee.