Introduction
Products
 ·Collection Service
 ·Payment Service
 ·Account Management and Information Service
 ·Liquidity Management Service
 ·Fund Increment Service
 ·Risk Management Service
 ·Supply Chain Financial Service
 ·Diversified Service Channel Supports
Industry Solution
Comprehensive Service Solutions
Supply Chain Financial Service
 

In order to help enterprises surpass the capital link and increase the whole earnings of supply chain, ICBC offers diversified products and services connecting with links of supply chain, injects the bank credit into the operation of the supply chain, provides strong fund support and flexible settlement means to enterprises and helps enterprise succeed with the smooth operation of supply chain.

1. Domestic Factoring
Client can choose comprehensive finance services offered by ICBC like receivable account financing, business qualification and credit investigation and receivable account management. The service is applicable to domestic sellers.  
• Buy-back factoring is a factoring business with recourse and high financing rate.
• Buy-out factoring is a factoring business without recourse, its financing rate is inferior to that of buy-back factoring. 
• Disclosed factoring is a factoring business of informing buyer about the fact of transfer of creditor's rights in time. 
• Undisclosed factoring is a factoring business that bank doesn't disclose buyer about the fact of the transfer of credit's rights in accordance with the agreement between client and bank. 
• If client needs factoring business frequently, ICBC can offer revolving factoring service to client and determine a line of revolving factoring so that client can make use of the line circularly before expiration of the line. 

2. Invoice Financing
Client can use the invoice from domestic goods transaction as a warrant, and take the receivable account corresponding to the invoice as the first repayment source in order to obtain the short-term loan from ICBC. The service is applicable to clients with sales on credit and demand on short-term financing. 
• Client can circularly use loan line within the period of validity of the line. 
• Client can adopt diversified short-term financing methods. 

3. Buyer Financing under Domestic Letter of Credit 
When client is an applicant (buyer) of the domestic letter of credit, ICBC can issue bills to client with form of trust receipt and offer short-term financing by means of payment to outside in advance. The service is applicable to clients with frequent purchase business.  
• Client shall sign an agreement with ICBC.
• Satisfy the demand of the buyer on deferred payment and short-term financing. 

4. Seller Financing under Domestic Letter of Credit 
When client is a beneficiary (seller) of the domestic letter of credit of deferred payment, ICBC can offer short-term financing service for the receivable accounts under letter of credit based on retaining recourse. The service is applicable to the clients (sellers) with a large sum of receivable accounts.  
• Client shall sign an agreement with ICBC.
• Satisfy the demand of seller on collection in advance and short-term financing.  

5. Packing Loan under Domestic Letter of Credit
When client is a beneficiary (seller) of the domestic letter of credit, ICBC can offer short-term financing service taking the payment for goods in advance under the letter of credit received as a source of repayment. The service is applicable to domestic sellers. 
• Client shall sign an agreement with ICBC.
• Satisfy the demand of client on short-term financing before consignment in some links like payment for purchase, organization of production and goods transportation. 

6. Import Letter of Credit
Importer can apply for the issue of documentary credit from ICBC. The service is applicable to clients with frequent import business.
• ICBC has independent payment responsibility for the letter of credit issued. 
• Letters of credit of ICBC include letter of credit at sight/forward letter of credit, transferable letter of credit, back-to-back letter of credit, revolving letter of credit, standby letter of credit, etc. 

7. Export Letter of Credit
After received the letter from issuing bank, ICBC checks the letter of credit and inform client. After client consigned the goods, ICBC checks export bills, and handle sending bills for claim, collection and settlement of foreign exchange. The service is applicable to clients with frequent export business.
• Enhance quality of bill handling so that client can withdraw the payment for goods as soon as possible.  

8. Packing Loan
Taking origin of the letter of credit as a repayment warrant, ICBC can offer pre-shipping financing to exporter with settlement method of letter of credit. The service is applicable to clients with frequent export business. 
• Client can obtain the funds in advance to resolve the problem of fund shortage. 
• Client will be convenient to pay for expenses of the production and purchase of products under the letter of credit as well as other subordinate expenses.

9. Export Documentary Bill
As an exporter, client can consign the goods based on the letter of credit issued by bank of overseas importer, and make bills according to the requirements of the letter of credit, and then submit the bills to ICBC for negotiation. ICBC offers financing for the fund in transit of client based on impawning the export bills. The service is applicable to clients with frequent export business.
• After handling the service, client can use the export funds in advance so as to maximize the use of the funds. 
• Client can handle foreign exchange settlement in advance to prevent the exchange rate risk. 

10. Export Discounting 
ICBC can purchase the forward bills that have honored by exporter and handle discounting business based on retaining recourse. The service is applicable to clients with frequent export business.
• Clients can convert forward funds to spot funds so as to effectively eliminate credit risk. 
• Generally limit to the draft honored under the forward letter of credit. 

11. Import Documentary Bill
As the applicant (importer) of letter of credit, client can apply for import documentary bill from ICBC after received the bills under the letter of credit from exporter overseas. If the bills are consistent with the letter of the credit, the client can obtain the short-term financing for payment for the accounts under the letter of the credit. The service is applicable to the clients with frequent import business. 
• Client can obtain the bills under the letter of credit without payment for the accounts under the letter of credit. 
• Save the costs of fund occupancy and obtain the financing convenience.  

12. Forfaiting
ICBC can purchase a draft that has been honored by issuing bank under the letter of credit of the client without recourse and offer financing to exporter as a merchant employer, or let other merchant employer to purchase a draft that has been honored by issuing bank under the letter of credit of the client without recourse and offer financing to exporter as an agency. The service is applicable to client with frequent export business. 
• Client can effectively resolve the problem of fund occupancy of receivable accounts. 
• Client can eliminate the risks borne before from commercial credit as well as fluctuations of exchange rate and interest rate.

The above content is drafted and executed in Chinese. It is translated into English for reference only. In case there are any discrepancies between the Chinese version and the English Version, the Chinese Version shall prevail. ICBC reserves the right of final interpretation.

The above content is drafted and executed in Chinese. It is translated into English for reference only. In case there are any discrepancies between the Chinese version and the English Version, the Chinese Version shall prevail. ICBC reserves the right of final interpretation.