Financing under remittance means that under remittance settlement, the bank pays the payment to the importer in advance according to the importer's application and the valid vouchers and commercial documents provided, thus providing short-term financing to the importer. The financing scope of remittance financing business is as follows:
1, under trade in goods:
Cash on delivery and advance payment.
2. Under trade in services:
Among them, the advance payment is limited to the import advance payment of large equipment. When the advance payment under fixed assets is involved, the audit of national project approval should be strengthened. Service trade is limited to the payment business under service trade such as transportation, tourism, labor training, financing and operating lease.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
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