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