CMB may approve a credit line against pledge (or hypothecation) of goods, with which you can apply for various types of import and/or export finance, provided that both the type of goods and the warehouse company are acceptable to CMB.
Benefits
“Pledge” of future goods: You may apply for issuance of an L/C with “pledge” of goods to be imported.
Financial efficiency increased: CMB’s advanceis a significant financial support for you to raise working capital, take trading opportunities and improve cash flow by making use of your inventory generated during the process of supply chain.
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.