A warehouse receipt is the certificate of ownership to goods issued by the warehouse manager to the goods owner. The holder of the warehouse receipt can take delivery of goods anytime.
CMB provides loans for warehouse receipts to applicants pledging of the applicant's or a third party's warehouse receipt.
Requirements
1.
The pledger must have full ownership of the goods under the warehouse receipt.
2.
In principle, the warehouse manager that issues the warehouse receipt must be approved by CMB.
Requirements for goods
·
The ownership of the goods must be definite.
·
The goods must be in stable quality and can be stored for the long-term with little intangible depreciation.
·
The market price for the goods must be stable.
·
The goods can be used widely and marketed easily.
·
The goods have clear specifications.
·
The goods are undamaged and legal.
Advantages
1.
Facilitates domestic trade and the circulation of commodities.
2.
Provides convenient financing for companies and elevates capital utilization.
3.
Stimulates product sales and increased profit margins.
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.