General Products
(I) Fixed Assets Loan
1. Product Definition
It is suitable for financing applied by enterprises for construction of energy conservation and environmental protection project (including purchase of energy conservation and environmental protection equipments), using cash flow from enterprise operation as the source of repayment.
2. Target Customers
Enterprises that plan to construct energy conservation and environmental protection project (including purchase of energy conservation and environmental protection equipments).
3. Admittance Criteria
Have the professional experiences and implementation ability about energy conservation and environmental protection project, the technology used is mature and reliable and good for commercial operation; the project in question is energy conservation and environmental protection project encouraged and supported by national policies.
4. Product Features
The project implemented bears good environmental and social benefits, and the funds will be used specially for energy conservation and environmental protection. For medium and long term current capital loan that meets certain condition, after Sustainable Finance Department of HQ issued Confirmation Opinion of Energy Conservation and Environmental Protection, each branch may approve at its discretion within annual authorized range.
(II) Project Financing
1. Product Definition
It is suitable for energy conservation and environmental protection project financing, using future cash flow from the project as the source of repayment.
2. Target Customers
Enterprises that plan to construct energy conservation and environmental protection project.
3. Admittance Criteria
Have the professional experiences and implementation ability about energy conservation and environmental protection project, the technology used is mature and reliable and good for commercial operation; the project in question is energy conservation and environmental protection project encouraged and supported by national policies.
4. Product Features
The project implemented bears good environmental and social benefits, and the funds will be used specially for energy conservation and environmental protection; the project financing subject to the Equator Principle must comply with the Bank’s relevant rules; the future operation cash flow from the planned project will be the major source of repayment.
(III) Current Capital Loan
1. Product Definition
The current capital loan is suitable for energy conservation and environmental protection enterprises or the operation and maintenance of energy conservation and environmental protection projects.
2. Target Customers
Energy conservation and environmental protection enterprises, or enterprises that need supplement current capital for the manufacture energy conservation and environmental protection equipment, operation and maintenance of projects.
3. Admittance Criteria
The projects operated by the enterprises are those energy conservation and environmental protection projects encouraged and supported by national policies, and the technology used is mature and reliable; the products have advantages in niche market, and the internal control system such as management of sales revenue collection is well established.
4. Product Features
The project implemented bears good environmental and social benefits, and the funds will be used specially for energy conservation and environmental protection. For medium term current capital loan that meets certain condition, after Sustainable Finance Department of HQ issued Confirmation Opinion of Energy Conservation and Environmental Protection, each branch may approve at its discretion within annual authorized range.
(IV) Buyer Credit
1. Product Definition
It is suitable for financing applied by enterprises for purchase of energy conservation and environmental protection equipments, and equipment suppliers provide buy back commitment as credit enhancement measures.
2. Target Customers
Enterprises that need to purchase energy conservation and environmental protection equipments but are short of self-owned funds.
3. Admittance Criteria
The enterprises will have stable source of repayment in the future, and equipment suppliers provide buy back commitment or joint and several guarantee.
4. Product Features
It provides the buyer with financing with the support from equipment suppliers (seller), thus improving the purchase financing ability of the buyer and the accelerating the sales revenue collection for the seller.
(V) Order Financing
1. Product Definition
It is suitable for the enterprises that are engaged in manufacture of energy conservation and environmental protection equipments, based on quality orders received, apply for current capital loan, and use the future revenue of the orders as the source of repayment.
2. Target Customers
The energy conservation and environmental protection products manufacturers that accept quality orders, but have capital demand as a result of A/R tie-up before the shipment.
3. Admittance Criteria
The applicant has strong power in credit, orders are genuine and creditable, the buyer has the financial resource to pay.
4. Product Features
Use the payment for goods to be paid by the buyer under the orders as the first source of repayment.
(VI) Consignment loan
1. Product Definition
The Bank, as the consignee, provides financing for energy conservation and environmental protection enterprises (projects) according to the intention of the principal.
2. Target Customers
The principal provides funds, and the Bank, as the consignee, provides financing for energy conservation and environmental protection enterprises (projects) according to the intention of the consigner.
3. Admittance Criteria
The loan fund goes to energy conservation and environmental protection field; the source of loan fund complies with laws and regulations.
4. Product Features
Flexible financing model: as the financier, the Bank conduct management according to the intention of the principal.
(VII) Financial leasing
1. Product Definition
It is suitable for the enterprises that invest in large scale energy conservation and environmental protection projects, apply for the direct lease or sale-leaseback of large scale energy conservation and environmental protection equipments via Industrial Bank Financial Leasing Co., Ltd.
2. Target Customers
Enterprises that invest in large scale energy conservation and environmental protection project
3. Admittance Criteria
The applicant has strong power in credit, complete formalities on projects, full mortgage and guarantee and stable cash flow.
4. Product Features
The applicant applies for financing lease of large scale energy conservation and environmental protection equipments via Industrial Bank Financial Leasing Co., Ltd. and receives funds under financing; vitalizes fixed assets, acquires mid and long term capital support and flexible use of funds.
(VIII) M&A loan
1. Product Definition
It is suitable for enterprises that are engaged in horizontal or vertical resources integration in energy conservation and environmental protection field and plan to acquire the equities of target enterprises.
2. Target Customers
Enterprises that are engaged in horizontal or vertical resources integration in energy conservation and environmental protection field and plan to acquire the equities of established and operating enterprises.
3. Admittance Criteria
The acquirer and target enterprises have industry relevancy or strategic correlation, and can provide sufficient and valid guarantee.
4. Product Features
The financing amount may reach 50% of trade considerations. It helps the acquirer with insufficient fund to realize vertical extension by acquiring upstream and downstream firms, or enlarge size, improve market share and popularity by merging with similar enterprises.
(IX) Debt Financing Tools
1. Product Definition
It is suitable for the customers raising funds by debt financing tools such as short-term financing bonds, mid-term bills and SME collective notes for use in the energy conservation and environmental protection field.
2. Target Customers
The customers that plan to implement energy conservation and environmental protection project raise funds by debt financing tools such as short-term financing bonds, mid-term bills and SME collective notes.
3. Admittance Criteria
The credit rating of the issuer is recognized by the market and it has certain position in its industry; the money raised will be used specially in the energy conservation and environmental protection field.
4. Product Features
Broaden direct financing channel; the market oriented interest lower the financing cost; one time registration and multiple issuance, thus improving the financing efficiency.
(X) Equity Financing Service
1. Product Definition
By linking with PE/VC, it provides growing customers with funds from PE/VC.
2. Target Customers
Various energy conservation and environmental protection enterprises.
3. Admittance Criteria
The energy conservation and environmental protection enterprises of growing or mature period that intend to introduce PE/VC; the energy conservation and environmental protection enterprises that intend to improve credit condition by equity financing; the energy conservation and environmental protection enterprises at pre-IPO or IPO stage.
4. Product Features
Based on the industry characteristics of the energy conservation and environmental protection sector, it provides energy conservation and environmental protection enterprises with equity financing service, creates equity financing programme and assists in implementation and delivers comprehensive value-added service. By linking with PE/VC, it recommends strategic investor to small and medium sized growing enterprises that are engaged in energy conservation and environmental protection. It also provides energy conservation and environmental protection enterprises with diversified channel support and financing arrangement such as acquisition and reorganization, equity transfer, domestic and overseas IPO.
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