Product advantage: 1. Based on the enterprise's credit status and real trade records, there is no need for mortgage guarantee, no occupation of enterprise bank credit line, and the procedures are simple; 2. The products cover all aspects of the import and export trade supply chain, including raw material cost financing, trade financing and logistics cost financing. , especially suitable for foreign trade enterprises; 3. Generally, it takes 3 to 6 months as a cycle, which is conducive to improving the capital turnover rate of enterprises. Business process: 1. The applicant enterprise applies to the factor; 2. The factor conducts credit investigation and evaluation on the buyer in the transaction; 3. This factor determines the financing amount of the enterprise; 4. Both parties sign a commercial factoring agreement; 5. Achieve financing.
Financing case
Company A is a small and medium-sized production-oriented export enterprise, and the payment settlement method is "TT". Generally, it takes more than 1 month after delivery. Limited by liquidity, the company can't undertake long-term business, which limits the pace of development. After contact, Company A realized the credit financing of supply chain through commercial factoring company C (Avenue Technology Company). Company C screened out high-quality customers for it, and Company A "borrowed" the credit of these high-quality customers, and immediately obtained the financing service of Company C after shipment, and got the payment. Subsequently, Company C gives a credit rating to Company A, providing it with financing for raw material cost and logistics cost, so that Company A can obtain financing services for related links in the supply chain by virtue of trading orders. After Company C provided financing services to Company A, the capital turnover rate of Company A increased from 3.8 times a year to 6 times, the efficiency of capital use improved significantly, the company's customers increased from more than 20 to more than 40, and its profits doubled. The operation method of warehouse receipt pledge credit is: the enterprise stores the goods in the warehouse designated by the warehouse company, and pledges them in the bank with the warehouse receipt issued by the warehouse company as the financing guarantee, and the bank gives credit to the enterprise according to the pledged warehouse receipt. This wealth management product is suitable for enterprises with stable purchase and sale channels and inventory as their main assets. The advantages of this wealth management product are: 1. Generally, a warehouse receipt or a financing line with a higher proportion of collateral value can be obtained, and the term is longer. 2. When the enterprise needs the goods, it can replenish the exposure and recover the pledge at any time, which increases the flexibility of enterprise operation and fund management.
Financing case
Company A is a trading enterprise engaged in steel trade for a long time, and its 50,000 tons of cold-rolled steel plates are stored in a third-party independent warehouse. In order to revitalize the inventory, Company A pledged these cold-rolled steel plates to Bank C and applied for warehouse receipt pledge financing from Bank C.. In view of the fact that 50,000 tons of cold-rolled steel plates are stored in an independent third-party warehouse, Bank C introduced a warehouse supervision company to supervise this batch of steel plates, and the warehouse company issued a non-standard warehouse receipt and pledged it in Bank C, with the financing ratio being 70% of the value of the non-standard warehouse receipt, and the redemption period of Company A was no more than 180 days. After Company A supplements the deposit to Bank C according to its own sales situation, Bank C notifies the warehousing supervision company to release the corresponding goods. This effectively solved the problem of enterprise inventory occupation, revitalized the inventory and saved the capital cost. The operation method of using packaged loan financing is: the special loan issued by the bank to the beneficiary (exporter) of the letter of credit for the purchase, production and shipment of goods under the letter of credit at his application. This product is suitable for export enterprises that have received the letter of credit issued by the importer's bank but lack the funds for stocking. The product advantages of this kind of wealth management products are: 1. When exporters are short of funds and can't get the payment terms of advance payment, help exporters to carry out business smoothly and seize trade opportunities. 2. It does not occupy the exporter's own funds in the stage of production, procurement and other stocking, which can alleviate the liquidity pressure of enterprises.
Financing case
Company A receives an export order of US$ 4 million from American customers, and the settlement method is T/T30 days later. Therefore, Company A needs to purchase, produce and transport related commodities in China, resulting in a shortage of funds. It is recommended that Company A apply to Bank C for financing in the form of packaged loans, and Bank C provides financing to Company A according to 80% of the export order amount, and the financing funds are specially used for Company A to purchase raw materials from the upstream. After the goods are loaded, Company A submits documents through Bank C and applies for export draft to repay the financing. The operation method of using export bill financing is: after the exporter sends out the goods and submits the documents required by the letter of credit or contract, the bank will provide short-term financing to him with the documents submitted. This product is divided into documentary bill of lading under letter of credit, documentary bill of lading under letter of credit, D/P collection bill of lading, D/A collection bill of lading, etc. According to the currency of negotiation, it can be divided into foreign currency negotiation and RMB negotiation. This product can be used to meet the short-term financing needs of exporters under letters of credit or collection. The advantages of this wealth management product are: 1. Repayment can be made in advance before the importer pays the payment, which can speed up the capital turnover. 2. Compared with working capital loan, the financing procedure is simple and easy. 3. It can increase the current cash flow, thus improving the financial situation. 4. You can choose the financing currency according to the interest rate level of different currencies, saving financial expenses. 5. For the export documents that are consistent with the documents under the letter of credit, even if the exporter has not approved the credit line in the bank, the export bill can be handled.
Financing case
Company A is a circulating commercial enterprise, and now it exports a batch of textile products by letter of credit, and the goods have been shipped. In order to speed up the flow of funds, the company uses export bills to raise funds from banks, so that they can recover the payment in advance before the importer pays the payment. Escrow loan of export tax rebate account means that the borrower entrusts the special account for export tax rebate to the bank and promises to use the tax rebate in the account as repayment guarantee to obtain short-term financing or open a letter of credit and other trade financing businesses. Applicable to enterprises with export tax rebate receivable balance. This product has revitalized the export tax rebate funds receivable and accelerated the capital turnover.
Financing case
Enterprise A mainly exports solar energy products, and the tax rebate rate is 17%, so enterprise A proposed to bank B to make a trust loan for the export tax rebate account, and bank B gave the enterprise financing according to 90% of the balance of the special account for export tax rebate, which effectively solved the enterprise's capital problem. Policy financing refers to the financing business provided by our bank to the sellers who have insured credit insurance with China Export Credit Insurance Corporation or other credit insurance institutions recognized by our bank, based on relevant documents, relevant certificates of insured credit insurance and indemnity transfer agreement. Applicable enterprise: 1. Enterprises want to avoid the buyer's credit risk and national risk, and have already handled credit insurance; 2. Enterprises have limited liquidity and need to speed up the turnover of accounts receivable; 3. The credit line of the enterprise is insufficient, and it is hoped to expand the financing scale. Product advantages: speed up capital turnover and improve cash flow; Avoid all kinds of risks; Lower the threshold, reduce the quota occupation and expand the financing scale; For the export "policy financing" business, if there is no recourse, the export tax rebate and verification procedures can be handled in advance.
Financing case
Company A exports machinery and equipment, and the settlement method is a five-year deferred payment letter of credit, and at the same time, it has insured export credit insurance with China Export Credit Insurance Corporation. Although it has been accepted by the issuing bank (paying once every six months), considering the high risk of the issuing bank and its host country and the pressure of RMB appreciation, Company A is eager to transfer the export accounts receivable under this letter of credit to the bank to lock in the cost, but it faces two difficulties: 1. The issuing bank has a poor reputation, and no bank is willing to buy the bills it undertakes; 2. Company A's credit line is insufficient, so it can't handle the discount. After recommendation, Company A applied to the bank for non-recourse medium-and long-term policy financing business, which realized timely collection. Export discount refers to the bank's purchase of the unexpired forward draft accepted by the bank, the unexpired forward creditor's rights promised by the bank under the export letter of credit or the unexpired forward creditor's rights guaranteed by the bank under the documentary collection from the exporter to meet the short-term financing needs of the exporter under the forward letter of credit. This wealth management product is suitable for the following three types of enterprises: 1. Exporters have limited liquidity and rely on rapid capital turnover to carry out business; 2. After receiving the acceptance/acceptance/guarantee from a foreign bank, the exporter encounters temporary cash flow difficulties before receiving the payment; 3. After accepting/accepting/guaranteeing payment in foreign banks, exporters encounter new investment opportunities before receiving payment, and the expected rate of return is higher than the discount rate. The advantages of this product are: 1. Recover long-term creditor's rights at one time, speed up capital turnover and ease capital pressure. 2. Compared with working capital loan, the financing procedure is simple and easy. 3. You can choose the financing currency according to the interest rate level of different currencies, saving financial expenses.
Financing case
Company A is now exporting a batch of electronic products by long-term acceptance letter of credit. Because the company encountered temporary cash flow difficulties, it adopted export discount financing to realize the purpose of recovering long-term creditor's rights at one time.