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Export L/C Negotiation
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Export negotiation under documentary collection is a kind of short-term finance with appropriate guarantee, which our bank offers your company to solve your liquidity problem under export collection items, before you receive the payment. - Advantages
(1) It is a kind of convenient finance method we offer you under export collection items.
(2) It is quite flexible and we do not restrict on the document delivery condition of the collection items. Both collections under D/P or D/A are acceptable. - Subject of the Loan
If your company has the qualification of independent legal entity and the operation license for import and export business, you could apply to our bank for export negotiation under collection items with the document for collection. - Currency, Interest Rate and Tenor
(1) The negotiation currency should be US Dollar, Japanese Yen, Euro, Hong Kong Dollar, British Pounds or other foreign currencies listed on the foreign exchange rate board of our bank. Principally it should be the original currency for collection. The repayment currency should be the same currency of negotiation.
(2) The negotiation interest rate shall refer to the interest rate of the basic loan interest rate for the same currency and same tenor published by our bank and will be negotiated with your company.
(3) The negotiation amount will be determined by our bank according to the actual situation. The maximum amount will be 90% of the bill's amount. When we receive the payment under collection, we will remit the remaining balance to your account with our bank after deducting all the interest and commissions of negotiation.
(4) For collection under D/P items, the negotiation tenor should be the period needed for mailing of documents and remitting of fund. Usually it should not exceed 30 days. For collection under D/A items, the maximum negotiation tenor should be six months and it could not be extended. | | | | |
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