I. Introduction An import settlement facility backed by the collection of export FX in a package of products: export L/C, payment guarantee, forward FX trading, import L/C, import/export financing.
II. Features and Advantages 1. Highly flexible, can be in any combination of import/export trade services depending on the settlement; 2. Import L/C or letter of guarantee or import credit facility is available if all the documents against your export L/C are complied with, or your company receives an acceptance message from the L/C opening bank. No need to have a credit line.
III. Target Clients Customers who sign both the import and export contract and use L/C to settle the export goods.
IV. Application Conditions FX amount that your company claims through ICBC from overseas cannot less than the unpaid amount in your import L/C (including loan) and import guarantee.
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.