Program title description: Import LC/Collection/TT Refinance refers to an arrangement where, upon local importer¡¯s application, our bank instructs an offshore bank to advance a loan and credit the loan proceeds to the account as instructed by the importer and for value on the date as required by importer, and our bank pays back the loan to offshore bank upon importer¡¯s repayment of principal, interests and fee charge when loan is due.
Column content: 
Import LC/Collection/TT Refinance refers to an arrangement where, upon local importer¡¯s application, our bank instructs an offshore bank to advance a loan and credit the loan proceeds to the account as instructed by the importer and for value on the date as required by importer, and our bank pays back the loan to offshore bank upon importer¡¯s repayment of principal, interests and fee charge when loan is due.

Product features: 
The enterprise (importer) can get offshore funding in time. Reduce financial pressures, and meet the needs of business development
Offshore funding cost is generally lower than that in the domestic market of the same period.
With obvious RMB appreciation trend, the product hedges exchange risk and save the financial costs. 

Applicable objects: 
Import enterprise that has financing demand and limited liquidity, and use TT/collection/documentary credit as settlement method. 
Enterprises that requires lower financing cost.

Application process: 
1.Customers submit Import LC/Collection/TT Refinance request and fill in the application form;
2. Customers provide relevant materials to our bank; 
3. After review and approval, our bank will sign the contract and related legal documents with customer; 
4. Offshore bank process the loan drawdown.