中国银行全球门户网站
ENGLISH | 简体中文


 



  Bank of China >> BOC UK >> Corporate Banking >> Trade Services >> Trade Finance

Bills Purchase under Clean Collection


 

Product Name

Bills Purchase under Clean Collection

Product Description

BOC London discounts Bills under Clean Collection and finances customers. It can well meet customers’ short period finance needs.

Product Functions

The product is used to meet the short-term financing requirement for exporter under clean collection.

Product Features

1. Improvement of liquidity. The product can convert forward receivables into cash on demand so as to accelerate capital turnover and relieve the pressure of finance.

2. Simplification of financing process.

Eligible Applicants

1. Customers lack liquidity who want to develop business relying on fast capital turnover.

2. Customers who come across temporary difficulties in capital turnover before proceeds collected under clean collection.

3. Customers get a new investment opportunity by financing under clean collection, and the anticipated yield is higher than discount rate.

Application Requirements

I. Basic qualifications

The business license of enterprises legally approved, registered and annually checked and other valid certifications sufficient to prove the legitimacy and scope of its operation;

II. Others

1. Customers have demand draft for payment issued by other bank;

2. Occupation of paying bank's credit line.

Application Procedures

1. Customers submit to Bank of China the bills and applications for relevant business;

2. Bank of China shall check the documents, then process payment to customer and retain rights of recourse;

3. Bank of China claims for payment by sending out the bills to the overseas paying bank;

4. The overseas bank makes payment to Bank of China when due, with which Bank of China repays the discount loan.

  [ Close ]

 

Spotlight

· RMB Current Account
· RMB Cross-border Trade Settlement

Trade Services

   Trade Settlement
   Trade Finance
   Bank Guarantee


 
  ·Copyright Notice  ·Terms and Conditions  ·Contact Us  ·Disclaimer  ·Declaration of Privacy Policy  
 
Copyright © BANK OF CHINA(BOC) All Rights Reserved.