1) Product Overview:
Usance L/C Discounting Bills of Exchange means that CCB, based on the requirements of customer (beneficiary of L/C), carries out discount with recourse to the draft upon the acceptance of the draft under the usance L/C by the issuing bank or confirming bank or other designated bank.
Extended L/C Receivable Purchase means the act that CCB, based on the requirements of customer (beneficiary of L/C), purchase the receivables under the L/C with recourse upon the confirmation of the payment maturity date under the extended L/C by the issuing bank or confirming bank or other designated bank.
2) Service Object:
1. Only if the bank (issuing bank or confirming bank) accepting the draft or confirming the payment date has financial institution limit in CCB, then the discounting business up to full amount can be offered to you;
2. Based on the actual situation, CCB determines to you the optimal discounting or purchase term;
3. Calculate the interest based on the interest rate of the bill discount;
4. CCB offers you the foreign exchange fund services as demand/forward settlement of exchange, demand/forward foreign exchange trading for you to avoid exchange rate risk.
3) Product Advantage:
1. Accelerate capital turnover. You can collect the payment of goods prior to the payment of the overseas bank to accelerate capital turnover to mitigate the pressure of capital shortage.
2. Increase the opportunity of trading. You can offer the importer more attractive usance payment condition to increase the opportunity of trading.