The product is intended to meet the short-term financing needs of exporters through L/C or collection. It is divided into document – Letter Compliance Srechnungs Purchase under the L / C, Document – Letter in compliance Bill Purchase under invoice L /C, D / P Purchase bill and d / A collection account. The purchase of export bonds relates to short-term financing that the Bank of China Brussels Branch makes available to the exporter after it has delivered the goods and has submitted valid documents in accordance with L/C or the agreement. 2. After verification, bank of China Brussels Branch will sign a letter of confirmation for the purchase of billing transactions and transfer the money to the exporter`s account; 5. If customers wish to finance by purchasing invoices, the following conditions should be avoided: 3. L/Cs, which restrict trading by other banks, is not available for the application of the invoice purchase; 2. For documents – invoice for compliance with the letter Purchase, if the line of credit in the financial institution cannot be filled, the threshold for extension of credit is equal to that for the document – letter in compliance invoice purchase; If the line of credit is available in a financial institution, the exporter`s credit quality and other credit renewal conditions are not restrictive. 3. Exporters who discover new investment opportunities with a higher return than the interest rate of invoice purchase between the delivery of goods and payment receipt. Bill Purchase Export is a kind of short-term financing in which customers sell all export documents to ABC, which in turn pays customers the face value minus the interest and all costs incurred during the purchase date until the expected receipt of payment. Export Bills Purchase can be L/C, the export collection D/P and the export collection D/A.
5. The foreign bank pays to the Bank of China and the Bank of China reimburses the invoice in purchase money. IV. How to use Send to ICBC: 1. Application form; 2. Receiving trust; 3) the contract for the sale of the import invoice; 4. certification of the legal representative and/or letter of authorization, the statutes of your company, the decision of the board of directors (if necessary); 5. Other documents requested by ICBC.
By using the national invoice buying line, you can meet your daily working capital requirement by purchasing your customer`s local cheques directly. 1. The customer must file a formal request to purchase customers with the bank (usually the bank or the advisory bank); I. Introduction ICBC Import Bill Purchase is a solution to meet liquidity if your company has to pay foreign currency to your foreign exporter under the L/C. ICBC collection conditions will make the payment and recover the shipping documents for your business in order to start processing or selling. 1. For the document – Letter in compliance Invoice Purchase and withdrawal D / P Invoice Purchase, the exporter has a line of credit in the branch of the Bank of China in Brussels. 5. Lowering the credit renewal threshold. For the document – the compliance invoice of the letter Buy under L / C, the exporter can apply for the purchase of invoices even without a line of credit to the Bank of China Of Brussels.