Cross-border RMB trade finance refers to RMB funding facility BOCOM provides for your cross- border trade, including import bill advance, import finance under collection, outward remittance advance, import refinance, purchase order finance, packing loan, export bill purchase, export collection finance, export invoice finance, forfaiting, export factoring and export risk participation.
Cover your trade of goods and services and other items under current account
Satisfy your short-term demand for working capital and enhance your capital utilization
Provide financing service through your entire cross-border trade supply chain
Design tailor-made and diversified financing facilities to meet your demand
Importers and exporters in need of short-term RMB funding facilities.
You must be a legal person or have the authorization from a legal person;
You must be licensed to deal in imports/exports and have opened RMB or foreign currency settlement accounts with BOCOM;
The trade finance transaction you apply for must have a genuine trade background and comply with the provisions of regulatory bodies;
The trade finance transaction you apply for must conform to relevant credit policies of BOCOM and a proper credit line must be set up;
You need to sign a financing contract or file an application for financing as required by BOCOM;
In handling the transaction, you will be asked to present business contract, commercial invoice and freight bills to BOCOM.
By cross-border RMB import finance, BOCOM provides you with short-term RMB funding facilities in payment for imports to meet your need for short-term RMB funding facilities under import L/C, import collection and outward remittance.
RMB debt that a resident owed to a non-resident under RMB settlement for cross- border trade is registered in RMB Cross-border Payment Management Information System (RCPMIS) and therefore exampted from foreign debts management
Receive short-term RMB funding facilities to increase your cash liquidity
Enjoy the price of ofshore RMB funding and trade finance services
Supported by RMB financing demand under basic contract or bills in foreign currency
Importers in need of short-term RMB funding facilities.
You must be a legal person or have the authorization from a legal person;
You must be licensed to deal in imports/exports and have opened RMB or foreign currency settlement accounts with BOCOM;
The import finance transaction you apply for must have a genuine trade background and comply with the provisions of regulatory bodies;
The import finance transaction you apply for must conform to relevant credit policies of BOCOM and a proper credit line must be set up;
You need to sign a contract and file an application for import finance as required by BOCOM;
In handling the transaction, you will be asked to present business contract, commercial invoice and freight bills to BOCOM.
By cross-border RMB export finance, BOCOM provides you with short-term RMB funding facilities for exports, to meet your needs for short-term RMB funding facilities under export AR or in preparing goods for shipment.
RMB debt that a resident owed to a non-resident under RMB settlement for cross-border trade is registered in RMB Cross-border Payment Management Information System (RCPMIS) and therefore exampted from foreign debts management
Receive payment for exports earlier to quicken cash turnover
Enjoy the price of ofshore RMB funding and trade finance services
Supported by RMB financing demand under basic contract or bills in foreign currency
Exporters in need of short-term RMB funding facilities.
You must be a legal person or have the authorization from a legal person;
You must be licensed to deal in imports/exports and have opened RMB or foreign currency settlement accounts with BOCOM;
The export finance transaction you apply for must have a genuine trade background and comply with the provisions of regulatory bodies;
The export finance transaction you apply for must conform to relevant credit policies of BOCOM and a proper credit line must be set up;
You need to sign a contract and file an application for export finance as required by BOCOM;
In handling the transaction, you will be asked to present business contract, commercial invoice and freight bills to BOCOM.
Cross-border RMB guarantee refers to international L/G denominated in RMB, including RMB financing guarantee and RMB non-financing guarantee.
BOCOM will open L/G for RMB bidding to dispel the doubts of a foreign bid organizer when you need to bid for overseas construction project.
BOCOM will open L/G for RMB advance payment to help you proceed with your shipbuilding project when you contract in a shipbuilding project.
BOCOM will open L/G to facilitate your financing activities abroad when you make cross-border investments.
BOCOM will open L/G for RMB bond issue to help you efectively reduce bond issue cost and dispel the doubts of foreign investors when you issue bonds abroad.
BOCOM can provide a variety of letter of guarantees, for example, finance leasing, performance, warranty and payment, to satisfy your diverse business needs.
Mitigate risks in currency mismatching of capital at home and abroad
Be widely applicable and cover various interna-tional economic activities
Satisfy your diversified needs
Contractors of ofshore projects, multi-national corpora-tions and ship builders.
You must be a legal person or have the authorization from a legal person who have opened RMB or foreign currency settlement accounts with BOCOM;
The guarantee transaction you apply for must comply with the provisions of regulatory bodies;
The guarantee transaction you apply for must conform to relevant credit policies of BOCOM and a proper credit line must be set up;
You need to sign a contract and file an application for guarantee as required by BOCOM;
In handling the transaction, you will be asked to present business contract, project written permission from competent authorities (if required), bid invita-tion (if required) and award advice (if required) to BOCOM.