CMB may purchase at an agreed discount rate and on without-recourse basis your accounts receivable (A/R) which have been accepted by a Letter of Credit (L/C) issuing bank or a drawee under Documents against Acceptance (D/A), always provided that the issuing bank’s or the drawee’s credit standing is acceptable to CMB.
Benefits Capability enhanced:
CMB’s without-recourse purchaseof A/R is a significant help for you to negotiate with importer/buyer better contract conditions by accepting longer payment term.Financial efficiency increased:
CMB’s without-recourse purchase of A/R is a significant financial support for you to cash A/R and improve your financial health.Financial and political risks mitigated:
CMB’s without-recourse purchaseof A/R is a significant tool for you to manage the fluctuation of exchange rates and political uncertainty over the payment term.Workable with Packing Loan:
CMB’s without-recourse purchase of A/R can be structured with Packing Loan, which is a pre-shipment advance.
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.