I. Introduction A package of banking products targeted at exporters: L/C advising, packing loan, bills sent on collection, outward documentary bill purchase/discount/Forfaiting, exchange rate risk management on account receivable.
II. Features and Advantages 1. Make up your company's shortfall of buying goods, material, production and shipping; 2. Receive FX in advance, speed up liquidity and improve financial reporting; 3. Avoid the risk in exchange rate.
III. Target Clients Exporters tight in cash and accept L/C to settle the goods payment.
IV. Application Conditions 1. Your company must be rated by ICBC with an approved credit line; 2. Packing loan must be repaid first when obtaining financing via outward docunmentary bill purchase /discount/Forfaiting, and balance will be deposited into your company's account.
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.