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Product Name
Overseas Loan Under Domestic Guarantee
Product Description
When overseas subsidiaries of Chinese "Go Global" enterprises are in need of funds for production or operation, their parent companies may apply for standby L/C or financing guarantee in favor of Bank of China (Canada), issue by a domestic branch of Bank of China or another commercial bank, enabling the overseas subsidiaries to apply for loan from Bank of China with the standby L/C or financing guarantee as collateral. Chinese invested enterprises in Canada can procure credit support from Bank of China (Canada) through bank guarantees obtained from, and the strengths based on, their parent companies in home country.
Product Features
The service effectively meets financing demand of Chinese enterprises’ overseas subsidiaries. The enterprises can take advantage of the "domestic guarantee and foreign loan" service to obtain cross-border financing, meeting the daily fund demand of their overseas subsidiaries.
With standby L/C or financing guarantee issued by domestic bank in China, the approval processes for the loan shortens, in turn meets customers' financing demand in a timely fashion.
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