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Global Credit Facility
 
Background 
To facilitate group multinational’s global businesses, OBD offers a global creditline to be shared among its overseas subsidiaries.

Product Overview 
The global credit facility allows CMB branches or banks with interbank credit in CMB to accept counter-guarantee by domestic enterprise, and based on which, issue financing guarantee or stand-byL/C with OBD as beneficiary. OBD then provides financing to the domestic enterprise’s overseas vehicle. 

Advantages 
1. The service overcomes financing difficulties faced by enterprises going global by leveraging the credit limit of their parent company in China.
2. Enterprises are not required go through the formalities of external guarantee approval, instead it leverages the bank’s external guarantee quota. The arrangement ensures a quick and timing approval with minimum documentations.
3. The credit enjoys a wide geographic application, not restricted by the borrower’s registered location.
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.