Market, many banks have gradually developed for foreign trade enterprises, the series products to Ningbo Bank, for example, has just launched go near Warley surplus product combines traditional foreign exchange financing and credit multiple advantages and become many foreign trade enterprise financing one of the choices.
Warley surplus business consists of the full amount of RMB deposit accounts, foreign exchange financing and long-term Exchange 3 business combination. In this business, Enterprise, by providing the Bank with the full amount of RMB deposit as collateral, the Bank financing for its handling of the Exchange, at the request of enterprises in the Bank a the same time forward exchange transactions, due time by the Bank to release its pledge of RMB deposit for long-term exchange delivery to return foreign exchange financing funds.
This foreign exchange financing including import bill advance and foreign currency loans two functions, including foreign exchange loans variety is limited to the loan, repaid the debt due by way of limitation. Of these, the longest period for flowed financing may not exceed one year.
At Warley surplus business, customer financing in exchange for a one-time deposit the full amount of RMB deposit transaction forward exchange business is no longer deducted from the credit line or other bonds, with full coverage of the risk under the premise of the deposited margin minimum shall not be less than the credit system display of the full deposit amount (i.e. the principal foreign exchange financing credit system exchange rates *).
In addition, it should be noted that, in principle, Warley surplus business does not allow the return of foreign exchange financing payments in advance. Who do need the early repayment shall not be fractionated payment, and the date of the return shall at the same time for long-term financing of the delivery procedure, forward exchange and import bill advance the penalty in accordance with the provisions of the banking business.
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