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Certification loan and guarantee
 
CMB provides certification loans to suppliers according to the sales contract and certificate issued by the buyer's account opening bank.  Certification guarantee is a payment guarantee made by CMB to the supplier's account opening bank according to the sales contract between the supplier and buyer. If the buyer fails to make the purchase payment under the sales contract and the supplier's account opening bank cannot fully recover the certification loan provided to the supplier, CMB will repay the remaining part of the principal and interest of the certification loan unconditionally upon receiving the written payment notice from the supplier's account opening bank.    

Requirements
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    A certification loan and a guarantee must be made based on sales contracts.
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    A certification loan targets manufacturers with poor liquidity and cannot provide a guarantee for bank financing.
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    Applicants of certification loans must provide a certification guarantee issued by banks.
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    Certification loans are managed under specific accounts and can only be used for specified purposes.
Advantages
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    Provides convenient financing to boost sales.
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    Facilitates domestic trade.
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    Tightens ties between companies, and promotes their development.
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.