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Lending Against Standby L/C or Bank Guarantee

This product is generally used to support an overseas enterprise with its parent company or group members in China for capital needs in its investment, production or business operation. The parent company of this enterprise or any of its group members in China may apply from our branch in China or other premium bank in China for issuing Standby L/C or Bank Guarantee in favour of our Bank, so as to provide credit support for lending towards the enterprise’s needs.

FEATURES

•It aims at meeting the financing needs from overseas subsidiaries of some Chinese “Go Global” enterprises. Notwithstanding the strong financial capability of these Chinese “Go Global” enterprises, their overseas subsidiaries may not strong enough to obtain credit support from local banks independently. This product provides with a cross border credit support from the parent company in China to its overseas subsidiaries.