Issuing of L/C with Credit Limits

Product description

       Grant credit and open a certificateIt refers to the business in which a bank opens an import letter of credit for a customer without collecting the full deposit。

Product function

       Used to meet importers inImport letter of creditShort-term financing requirements under this item。

Product characteristics

       Reduce the pressure of funds and speed up the turnover of funds, so as to improve the efficiency of the use of funds and increase the efficiency of the use of funds。

Related expenses

       Opening commission

Applicable customer

       The importer has insufficient liquidity or other investment opportunities and wishes to waive part or all of the deposit。

Application conditions

       1.Approved and registered according to law, with the annual inspection of the legal person's business license or other valid documents to prove the legality and scope of its business;

       2.Have a loan card;

       3.Have an account opening license and open a settlement account with our bank;

       4.With import and export business qualifications;

       5.We have a line of credit with us。

Handling process

       1.Our bank shall apply to the importer，The credit line shall be approved according to its solvency, performance record and guarantee conditions，This quota is subject to balance control，Can be recycled，The importer may waive all or part of the deposit within this quota;If the importer fails to obtain the line of credit in advance，The method of single credit review can be adopted;

       2.Our bank accepts the importer's application for opening the credit, and uses the credit line (or a single credit) to open the credit;

       3.Our bank receives the L/C documents submitted by the exporter, and deducts the payment from the importer and returns the quota after verification。