Product Introduction

Under an import letter of credit (L/C) or import collection, Bank of China can, at the request of the L/C applicant or the payer under import collection, provide them with short-term financing to make external payments for the amount due under the documents.

Product Features

This helps clients complete transactions without tying up their own funds and seize market opportunities. Additionally, the import bill advance service can change the trade payment term from usance to sight, or shorten the usance payment period accordingly, helping clients enhance their bargaining power with foreign exporters.