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Product Name
Cross Border Direct Loan
Product Description Upon request and under foreign debt registration, BOCC provides financing for Canadian companies whose single name credit limits at a Chinese branch can be utilized, giving the credits approved are not over limit.
Eligible Customers
Single name credit limit approved by Chinese branches (Including low risk credit).
Foreign debt approved and registered by the State Administration of Foreign Exchange (SAFE).
Target Customers
Canadian Companies investing in China and having established Chinese subsidiaries. (for companies that are having “difference between investment and registered investment”).
Features
1. Resolves funding requirements of Canadian subsidiaries in Mainland China, bypassing regulations on credit concentration limit controls.
2. Utilizing lower financing costs overseas, reducing interest expense.
3. In comparison with capital financed in China, the funding are usually free from regulatory limits.
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