Import Bills Refinancing

Description

Import Bills Refinancing is a facility provided by CCB Sydney to finance import bills under payment term of Import Letter of Credit, Documentary Collection or Telegraphic Transfer instructed by major Chinese banks or financial institutions (including CCB domestic branches) for their clients.

Import Bills Refinancing is available in a variety of currencies.

Structure

Advantages

CCB Sydney will refinance the import bills after receiving the payment undertaking from issuing banks or financial institutions (including CCB domestic branches).

·         No client credit line required by CCB Sydney;

·         Relatively lower financing cost;

·         Time zone advantage;

·         Same day processing.