Export Supplier Credit for Ordinary Mechanical and Electronic Products (the Loan) refers to the loans, denominated either in Renminbi or foreign currencies, provided by the Bank to Chinese enterprises for financing their export of the mechanical and electronic products excluding ships, complete sets of equipment and high- and new-tech products.

Prospective Borrowers

Prospective borrowers of the Loan include the Chinese enterprises that are

• Registered with the regional Administration of Industry and Commerce and its local offices;
• Accredited with independent legal person status; and
• Authorized to export ordinary mechanical and electronic products.

Qualifications for Application

1. The borrower should demonstrate fine management and operations, have a sound financial position and a favorable credit standing, and should be capable of repaying the principal and interest incurred;

2. The products to be exported should be included in The List of Mechanical and Electronic Products promulgated by the central government of China, or products confirmed as such by competent government authorities;

3. The annual export volume of ordinary mechanical and electronic products of the borrower should amount to USD 5 million and above, or USD 3 million for either private companies or enterprises based in the central and western regions of China;

4.Repayment guarantee acceptable to the Bank; and

5. Other requirements that the Bank deems to be of necessity.

Documents and Materials required for Loan Application

Documents required for applying to the Bank for the Loan include:

1. Loan application;

2. The borrower's export license, profile statements of both the borrower and the guarantor, a copy of the business license of the borrower having passed the annual examination, audited financial statements of the past three years and audited financial statements of the recent period of the current year, and other documents that demonstrate the credit standings and the operations of both the borrower and the guarantor;

3. Statements and reports covering the borrower's export of ordinary mechanical and electronic products in the past three years, export plans for the current year, and export contracts already signed;

4. Letter of intent for repayment guarantee, or in case of mortgage or pledge, valid certificates of ownership of the property under mortgage or pledge and evaluation reports thereof; and

5. Other relevant documents demanded by the Bank.