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Import Finance

1 Product Introduction:

Accepting the application of the onshore importer, CMB may finance the importer with full mortgage provided or within granted credit line to effect payment under letter of credit (L/C), inward collection or inward telegraphic transfer (T/T). The proceeds of goods reselling will be the source of repayment in priority.

2 Target Customers

1、Under L/C: Apply to customers who have received documents under L/C settlement from overseas with needs to effect payment;

2、Under inward T/T: Apply to customers who pay under inward T/T settlement with short-term funding needs during the time gap from goods import to goods reselling payment;

3、Under inward collection: Apply to customers with defer payment needs under inward collection settlement.

3 Product Advantages

1、Minimizing fund utilization. Utilize banking finance to carry out sales contract and resell the imported goods to make more profit without any fund utilization.

2、Accelerating capital turnover. Customers can obtain documents in advance to reduce the cost of goods storage at port.

3、Seizing market opportunities ahead of peers. Without utilizing fund, customers can pick up goods in advance and resell goods first, catching commercial opportunity ahead of competitors.

 

Export Finance:
Export finance matches export L/C, export T/T and export collection settlement.
 
1 Product Introduction

Under L/C: Accepting the application of the exporter. CMB may finance the exporter with full mortgage provided or within granted credit line, based on the payment from issuing bank as the source of repayment in priority. According to the tenor of L/C, export finance can be divided into usance L/C finance and sight L/C finance. From the angle of whether the document confirms to L/C terms or not, export finance can also be divided into the conforming and the non-conforming. Under export T/T: Accepting the application of the exporter, CMB may finance the exporter to meet the funding needs during the time gap from goods shipment to payment receiving. Under export collection: Accepting the application of the exporter, CMB may finance the exporter with full mortgage provided or within granted credit line, based on the payment from the importer as the source of repayment in priority.

2 Target Customers

Under L/C: Apply to customers with the funding needs during the time gap from goods shipment to payment receiving or the funding needs to start new commercial cooperation with trade partner under L/C settlement.. Under export T/T: Apply to customers with the short-term funding needs after goods shipment or certain designed service delivered under export T/T settlement. Under export collection: Apply to customers with the funding needs during the time gap from goods shipment to payment receiving or the funding needs to start new commercial cooperation with trade partner under export collection settlement..

3 Product Advantage

1、Accelerating capital turnover: You may get finance from CMB before the importer effects payment.

2、Vitalizing receivables: Helping you discount the undue accounts receivable to accelerate capital turnover and seize opportunities ahead of peers.

3、Optimizing financial statements: Increasing your current-period cash inflow to improve financial status and boost your financing capability.

4、Avoiding exchange rate risks: Settling exchange in advance to avoid loss caused by exchange rate fluctuation.

Note:
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.