Introduction

Financing supplied by Bank of China （Canada）with the export bill as the mortgage as required by the exporter after delivers the goods and presents the documents requested by the letter of credit.

Functions

The product is used to meet the short-term financing requirement for exporter.

Features

1. Accelerate the capital circulation—the exporter can get paid in advance before the importer makes the payment, and the capital circulation is speed up;

2. Simplify the financing procedure—the financing procedure of export bill purchase is simpler and more convenient than that of the working capital loans;

Target Customers

1. The exporter has limited current capital, and relies on rapid capital circulation to develop the business;

2. The exporter encounters temporary difficulty in capital circulation after delivering goods and before getting paid;

3. The exporter faces new investment chance after delivering goods and before getting paid, and the prospective income rate is surely higher than the negotiated interest rate.