1. At the business initiation stage, the account manager of the company's business department accepts the customer's credit line application and conducts credit investigation. At this stage, the business department of the company will implement the following procedures:
(1) Conduct customer qualification examination according to bank customer rating and access standards.
(2) Collect basic customer data and information, including credit line approval, annual inspection business license, loan certificate, financial statements in recent three years, etc.
(3) Collect the guarantor's business license, financial statements for the last three years, list of mortgaged (pledged) goods, value evaluation documents, proof documents of property ownership, and capital verification report of the applicant on mortgaged (pledged) goods.
(4) Drafting a credit agreement. If the borrower (or guarantor, mortgagor or pledger) is a foreign-invested enterprise or a joint-stock enterprise, it shall issue a resolution of the board of directors (signed by a quorum of board members) and a power of attorney with relevant contents.
(5) Prepare the credit line review report.
2. After the credit line review report in the implementation stage is approved by the Risk Management Department or corresponding procedures, the credit line will enter the implementation stage.
Bank credit refers to the bank's credit to the buyer and seller or one of them, which usually means that the bank promises to pay the payment under certain conditions. The bank's credit business is that the bank assumes the responsibility of payment. Bank credit business is usually carried out under the circumstances that the two parties do not understand and trust each other, or the foreign exchange control in the buyer's country is strict or the political situation is seriously unstable. Its purpose is to make up for the shortage of commercial credit with bank credit and promote the smooth progress of trade activities.
Chinese name: bank credit
Donation: funds
Belong to: commercial banks
Target: customers of non-financial institutions