Inter-Bank Refinancing

Inter-Bank Refinancing refers to the trade finance arrangement that We, CEXIM (the agent), according to our agreement with a foreign or domestic corresponding bank (the instructing bank) and its instruction, effect the payment at the maturity date and collect the principal, interests and relevant fees (if any) at the agreed date of repayment.

Our Service: Refinancing for importers and exporters.

Suitable for settlement methods including documentary credit, documentary collection, remittance under import and export.

Features

Without occupying its own funds, the instructing bank can make full use of funds provided by us or our corresponding banks and offer financing to its corporate customers, thereby satisfying customers’ short-term financial demand and supporting the development of real economy.

Tips

Banks applying inter-bank refinancing shall sign an agreement with CEXIM;

The credit period shall be tailormade according to the real demand with 1 year as the maximum length. Any extension or early repayment is not allowed;

The currency of refinancing transaction shall be convertible currencies or Renminbi;

Inter-bank refinancing occupies the instructing bank’s credit facility in CEXIM;

Inter-bank refinancing shall be based on the genuine cross-border trade transactions, with the traded goods or services supported by our bank’s policy; the instructing bank is responsible for checking the background of the trade and providing relevant documents; 

Refinancing is provided only once for each settlement and not allowed to be repeated;

The interest rate should be determined by both parties based on the principle of mutual benefit; normally the funds of inter-bank refinancing should be directly paid to the seller’s account directly.