Packing loan

A,        Packing loan operation procedures:

(a) the foreign bank packing loan operation procedures

Foreign banks are very Caution! Of packing loan, request the enterprise to have strict conditions. In general, packing bank only to have long-term business relationship, understand the business situation and the management style of the enterprise to provide the packing loan.

Foreign banks typically require packing loan each independently review, a credit card a packing loan, and only in the same under the letter of credit documents against payment. Not some one of the credit card used together, to engage in other business customers are not allowed to get money, such as investment real estate, more can't borrow new also old, namely to open a letter of credit to replace the old letter of credit.

(two) the domestic bank lending program package

Domestic banks for packing loan conditions for the general:One is the exporter should be independent accounting, business good economic entities, such as export exports after losses to make up for the loss of the source or have the ability to digest; two is the foreign bank issued in the applicant to the beneficiary of the credit, terms must be feasible, export documents under this credit must pay the loan bank negotiation; three is the packing loan only credit specified production, sale, demand settlement etc..

Some domestic banks will generally advance annual total loan agreement signed up for exporters and exporters, approved a total loan amount. The general agreement was signed, the exporter in the loan request, may depend on the original credit and "packing loan application form" to the bank to apply for loans, the application after the bank approved become part of the agreement. In this case, the bank can for packing loan review is divided into two levels, namely, to determine the total amount of examination and review the contents of two, the total amount of credit review is mainly on exporters credit review, review by the exporter of capital, reputation, the management condition and other aspects, to determine the total the credit line agreement, this review is usually by the bank's management to decide, on the credit examination refers to exporters in total agreement requires each packing credit loans, the issuing bank credit and export goods market review, the review is usually composed of bank specific handling of and the international settlement of personnel.

Two,        The legal nature of the right of pledge -- packing loan

Three,        Legal risk and prevention of possible

(a) the legal risk:

The loan of loan contracts, guarantee or mortgage procedures control is not strict, if not in the official loan contract signed in to detect the existence of seal inconsistent, illegal law, in terms of error etc.;In the letter of credit as collateral at the same time, no further implementation of mortgage, pledge, or once qualified second party guarantee and so on these problems, the financing bank will mean:On the one hand may lose packaged loans first payment guarantee;The curse on the other hand may also for future loan contract disputes and lawsuits buried failure.

(two) prevention method:

1, modify the text of the contract, the customer will credit for the pledge of meaning, and request the client to handle the corresponding registration or notarization;

2Second, earnestly implement the guarantee means, to further ensure the legitimacy and public security measures effectiveness, the bank creditor's rights get maximum protection.

Law four, all the:

1China Merchants Bank:

When you receive the foreign bank letter of credit, purchase, processing, packaging and transportation, export stock funds, you can use to permit foreign pledge, to the China Merchants Bank loan application package.

Http://www.cmbchina.com/corporate/international/InternationalInfo.aspx? Guid=db3ffd9b-63c5-470c-818c-ae53449cd306

2, Societe generale:

Packing: packing loan refers to the loan bank according to the exporter to apply, with exporters as beneficiaries of original credit for a short-term trade financing its loans, mainly for the production or acquisition related expenses under the credit goods.

Http://www.cib.com.cn/netbank/cn/Corporate_Banking/Corporate_Financing/Trade_Financing.html

3, Ping An Bank

Also called packing loan, means that we in the customer (exporters) goods before shipment, the effective original letter of credit to customers to submit foreign banks from the pledge, to provide short-term financing business to its. Packing loan is a kind of pre shipment of short-term financing, to help customers in the funds under the condition of insufficient still can apply for purchase, preparation, processing, smoothly to carry out trading.

Http://bank.pingan.com/qiyeyinhang/guojimaoyirongzi/chukou/index.shtml