About the product

Individual trade financing refers to the business that the Bank provides short-term financing to an individual industrial and commercial entity according to a certain proportion of the trade value after the individual industrial and commercial entity sells goods to overseas importers, domestic foreign trade enterprises or buyers through market purchase trade or other trade methods on credit. According to different trade models, individual trade under this financing can be divided into direct customer trade and purchasing trade. The former means that individual industrial and commercial entities have their own direct overseas trade customers, and directly conduct transactions with overseas importers, and agree on the payment term. When individual industrial and commercial entities handle the export of goods, they entrust a freight forwarding company with logistics and a foreign trade enterprise with trade to complete the trade behavior. When the settlement expires, individual industrial and commercial entities directly collect foreign currency payment from overseas importers and handle the settlement formalities on their own. The latter means that individual industrial and commercial entities without their own direct overseas trade customers export goods through foreign trade companies, sign domestic trade contracts with foreign trade enterprises or buyers and agree on the payment term. When the settlement expires, individual industrial and commercial entities collect RMB payment from foreign trade enterprises or buyers.

Product features

Give more financing convenience to individual industrial and commercial entities engaged in foreign trade, and meet their demand for domestic trade and cross-border trade financing.

Application

Individual industrial and commercial entities that have handled industrial and commercial registration or other practicing procedures according to law.

Rate

The handling fee involved in the financing under direct customer trade is subject to the charging standard of export commercial invoice financing of the Bank. The financing interest rate is subject to the interest rate of domestic and foreign currency loans or trade financing of the Bank.

Handling process

1. The customer obtains the original documents after shipment, and submits the financing application form to the Bank;

2. After the Bank examines the documents and approves the credit, the customer signs the relevant financing agreement with the Bank;

3. The Bank deposits the financing money into the customer's account;

4. After receiving the payment after shipment, the customer pays the financing funds back to the Bank.