Entrusted Payment

Description

Entrusted Payment is a facility provided by CCB Sydney to finance Chinese importer/exporter’s import bills under payment term of LC, Documentary Collection or Telegraphic Transfer guaranteed by CCB domestic branches. CCB Sydney, CCB domestic branch and Chinese importer or exporter will also sign a tri-party agreement.

Entrusted Payment is available in a variety of currencies. The financing period is usually up to 365 days.

Structure

Features

CCB Sydney will finance the import/export bills after receiving the payment guarantee from CCB domestic branches.

●Relatively lower financing cost;

● Time zone advantage.