WIN IN FOREIGN EXCHANGE

Service Profile

Export credit insurance financing business refers to the exporters who take out short-term export credit insurance with China Export and Credit Insurance Corporation and transfer the rights and interests of the indemnity under the policy to the bank, so as to obtain financing from the bank according to a certain percentage of the value of the goods after the goods are shipped for the export trade settled by documentary letter of credit, documentary collection and credit sales.

Service Advantages

On the premise that the customer takes out short-term export credit insurance with China Export and Credit Insurance Corporation and assigns to our bank the interest in the indemnity under the policy:

Our bank can provide loans based on credit sales (O/A), acceptance delivery (D/A), payment delivery (D/P) and under letters of credit (L/C);

Loans of up to 80% of the amount of the export commercial invoice may be provided to customers;

The currency of the loan may be in local or foreign currency;

The payment term of commercial invoices for export credit insurance financing business does not exceed the approved credit term of the credit insurance company, which is not more than 150 days; the maximum financing term is not more than 30 days after the payment due date.

Service Function

Avoiding the risk of foreign exchange collection - Sinosure bears the credit risk of the importer and the political risk of the country or region where the importer is located. The customer can obtain the guarantee of foreign exchange collection only by performing the trade contract normally;

Accelerate capital turnover - our bank provide loans to clients, who can collect funds on demand and accelerate the turnover of working capital;

Increase trade opportunities - Customers can offer importers more convenient deferred payment terms and accept settlement through credit (O/A) or document against acceptance (D/A), thereby increasing their trade opportunities, expanding market share, and enhancing competitiveness.