Service Profile
Order financing, also known as packaged loans under non letter of credit, refers to short-term trade financing that customers (exporters) apply to our bank for performance activities such as material preparation, production, and shipment of export goods through remittance and documentary collection methods, based on qualified export contracts or orders.
Service Advantages
The financing amount is generally 80% of the cash on delivery part of the contract or order, up to 90%.
The financing period is the delivery date agreed in the contract or order plus a certain Grace period, up to 3 months.
The financing currency can be RMB or foreign currency.
Service Function
Solve the financing needs of customers during the stocking stage.
Expanding customers' financing options under remittance and collection settlement methods.