Business Summary

Credit line refers to the stock control indicator for the short-term credit business verified and determined for the clients by Bank of China, on the condition that so long as the credit balance does not exceed the corresponding business assortment indicator corporate banking departments of Bank of China can swiftly offer short-term credit to the clients no matter how much the granted accumulative amount is or how many times the amount is granted, that is, enterprises can conveniently use the bank's short-term credit funds revolving so as to meet the demands of the clients for the rapidness and convenience in financial service.

The above-mentioned short-term credit business includes loans, opening of the letters of credit, letters of guarantee and bill of exchange within a period of one year (including one year).etc., of which tender guarantee, performance guarantee, advanced payment guarantee, customs duty payment guarantee and maritime guarantee can last more than one year.

Applicant

Any independent enterprise legal person can apply to Bank of China for the management and operation of its short-term business in the form of credit line. For the clients such as the state institutions and state organs which are not legal entities as well as the economic organizations without legal status (such as branch companies) which are subordinate to the legal entities, management could not be conducted by the means of credit line.

Qualification for the Application (documents to be provided)

1.Business License of the Applicant;

2.Permit for Loans;

3.Enterprise Financial Statement and other documents demanded by Bank of China.
Application Procedures.

1.A written application to be presented by the Applicant;

2.Internal examination and ratification by Bank of China;

3.A Credit Line Agreement to be signed by and between  Bank of China and the Applicant according to specific conditions;

4.Operation of the specific credit business.