Trade financing services provided by China Eximbank refer to financing or creditfacility services through various means of international settlement, such as Packing Loan, Export Bill Purchase, Letter of Credit Opening, Letter of Guarantee Opening,Inward Bill Advance, Delivery Against Guarantee, Factoring Business, Forfeiting and so on.
Objective
Trade financing services offered by the Bank are designed to fulfill its duties entrusted by the state.
Service Available
1. Packing Loan
Packing Loan refers to a special facility provided by China Eximbank to an exporter,as based on commercial contract and the valid original copy of a letter of credit issued by an overseas bank, for the exporter's pre-shipment operational activities including procurement, production and shipment of the export commodities.
2. Export Bill Purchase
It refers to the financing facility with recouse provided by China Eximbank to the exporter after the exporter has delivered goods and submitted L/C or other required
documents, using export documents as colleteral.
Export Bill Purchase could be divided into Export Bill Purchase under L/C and Export Bill Purchase under documentary collection as based on settlement means.
3. L/C Opening
L/C Opening refers to the facility provided by China Eximbank upon the importer's L/C application of issuing an import L/C to the importer without collecting the full amount of caution money.
4. Inward Bill Advance
Inward Bill Advance refers to a short-term financing facility with recourse provided by China Eximbank to the importer with the imported goods as mortgage.
Inward Bill Advance could be divided into Inward Bill Advance under L/C and Inward Bill Advance under import collection as based on settlement means.
5. Delivery Against Gurantee
Delivery Against Gurantee refers to the facility provided by China Eximbank in the form of a letter of Delivery Against Gurantee to the carrier or agent of the shipping company for the latter's taking delivery of the goods upon the request of the importer in the circumstance where the imported goods arrive ahead of the documents.
6. Letter of Gurantee Opening
Letter of Gurantee Opening refers to a facility provided by China Eximbank, upon accepting L/G application, of issuing a letter of guarantee to the client withoutcollecting the full amount of caution money.
7. Export Factoring
Export Factoring refers to the financing and collecting facility provided by China Eximbank to the exporter after goods delievery, in which, under the condition of payments collection for goods by means of commercial documents against acceptance (D/A) or open account (O/A) after goods delivery, the exporter transfers the accounts receivable to China Eximbank, who in turn transfers the accounts to an overseas import factor. Then the overseas factor provides collection and nonperforming debt guarantee of the accounts receivable for the exporter, and China Eximbank provides financing and payment collection management for the exporter.
8. Discount of Export Commercial Invoice
Discount of Export Commercial Invoice refers to a kind of short-term facility provided by China Eximbank to the exporter, in which, under the condition of collecting payments for goods by means of commercial documents against acceptance (D/A) or open account (O/A) after goods delivery, the exporter transfers the accounts receivable to China Eximbank, who in turn buys in accounts receivable under the export commercial invoice in the form of discount with recourse.
9. Import Factoring
Import Factoring refers to the facility provided by China Eximbank to the importer, in which, under the condition of payments for importing goods by means of commercial documents against acceptance (D/A) or open account (O/A), China Eximbank, upon the request of overseas export factor, authorizes a credit line for the Chinese importer,and provides the overseas exporter with such services as collecting payment of accounts receivable, credit standing investigation and guarantee for non performing debt.
10. Forfeiting
Forfeiting refers to the facility in which China Eximbank buys in without recourse the usance drafts or promissory notes that are held by the exporter and accepted by other banks.