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Trade Financing Business
 

A.B/L Endorsement

B/L Endorsement is a kind of endorsement service offered to import enterprises for endorsing the original copy of shipping documents and authorizing enterprises to collect the goods while ICBC is treated as the importer by import enterprises in the shipping documents under the L/C issued by ICBC.

B.Packing Loan

Packing Loan is a kind of loan service offered to export enterprises for the purchase order under the L/C issued by foreign banks. Packing Loan could support the enterprises to organize preparation, production and shipment of purchase order under the L/C issued by foreign banks, and then export enterprises can handle the document presentation procedures at ICBC after shipment, and repay the Packing Loan after receiving the payment for exports.

C.Export Bill Purchase under L/C and Collection

Export bill purchase is a kind of documentary bill financing service offered to export enterprises for the full set of documents provided by enterprises as pledges after document presentation under L/C at sight or after sight and collection. And export enterprises could get financing support from ICBC before the payment against L/C at sight or after sight and collection.

D.Export Discounting under L/C after Sight and Collection

Export Discounting is a kind of discount financing service offered to export enterprises with the commitment to pay at maturity by issuing banks or importers after document presentation under L/C after sight and collection. And export enterprises could get financing support from ICBC before the payment against L/C after sight and collection.

E.Export Invoice Financing

Export Invoice Financing is a kind of invoice financing service offered to export enterprises with sales on credit to importers after goods’ shipment. And export enterprises could get financing support from ICBC with the full set of commercial documents including the commercial invoices.

F.International Factoring

International Factoring is a kind of factoring financing service offered to export enterprises and import enterprises with sales on credit or document presentation against acceptance. And export enterprises and import enterprises could get comprehensive financial services from ICBC including importer credit investigation, bad debt guarantee, collection of payment for goods, management of sales ledger and trade financing.

G.Forfaiting

Forfaiting is a kind of financing service without recourse offered to export enterprises with the acceptance to pay at maturity by issuing banks after document presentation under usance L/C. And export enterprises could get financing support from ICBC before the payment against usance L/C.