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Refinancing by Overseas Institution

The “refinancing by overseas institution” referred herein means that, domestic branches of Bank of China or other domestic banks, based on the application of customers, assume the liabilities of repaying principal and interest of loans and paying related charges to overseas institutions on the agreed date, by means of short-term financing facility and payment service under import trade settlement provided by BOC overseas branches.

FEATURES

•The product is used to meet the short-term financing requirement for importer.

•Business includes: payment under letter of credit, payment under collection, payment by TT.

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