Business introduction

The bank provide the importer with short-term accommodation of funds, upon request by the importer, after receiving letter of credit or the invoice under inward collection.

The import bill advance offered by our bank is divided into import bill advance under inward collection and import bill advance under letter of credit.

Serving function

1) Our bank shall effect the import payment in advance for the importer, so that the importer can complete the processing and marketing of domestic goods without tying up funds, to facilitate the capital turnover of the importer.

2) In case that the importer is unable to make payment for the document, the import bill advance may enable the client to get the title document, pick up goods, resell or process and sell, so as to seize market opportunities.

3) In case of exchange rate fluctuation, the importer may apply for RMB financing to purchase foreign currencies before sales of import goods, to avoid risk of exchange rate.

Business features

1) To reduce accommodation of funds: you may continue to conduct import bill advance business after having conducted import letter of credit and inward collection businesses, which means that you are using the credit and funds of the bank to import goods and sell in domestic market. The trade shall be completed without occupying any funds, to make a profit;

2) To seize market opportunities: In case that the importer is unable to make payment for the document, the import bill advance may enable the client to get the title document, pick up goods, resell or process and sell, so as to seize market opportunities.