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Fast Import Money
 

I. Introduction
A package of import L/C, inward documentary bills or payment against import, exchange risk management on account payables (include buying of spot/forward FX).

II. Features and Advantages
1. A financing opportunity for your company;
2. Avoid the risk in exchange rate and lock down financing cost;
3. No margin is needed for buying forward FX.

III. Target Clients
Importers need financing for FX payment against L/C, but wish to avoid the risk in exchange rate or lock down the financial cost beforehand.

IV. Application Conditions
1. Your company must be rated by ICBC with an approved credit line;
2. Amount in import bill purchase can only be used for payment against the L/C;
3. Amount and term of forward FX bought must match with the amount and term of import bill purchase.

V. Statement
Information herein is for reference only. Industrial and Commercial Bank of China Limited reserves the final right of interpretation. Refer to the announcements and regulations of local branches for further details.


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