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Name
Global Credit Line
Introduction
Global credit line is an extension of the application scope of traditional credit line products which fulfills the financing needs of enterprises' overseas subsidiaries. To be specific, in order to realize the enterprises' strategy of cross-border development, global credit line takes the advantages of Bank of China's broad overseas branch networks to provide enterprises' overseas subsidiaries with an overall financing package.
Features
1. With convenient and high-efficiency integrated credit extension mode, the service enables corporate customers to enjoy the credit extension support from Bank of China across the globe.
2. The credit extension cooperation between banks and enterprises can reduce the decision-making stages and simplify the approval processes, effectively lowering the cost of credit extension and boosting the financing efficiency.
3. With Bank of China's help, the headquarter of cross-border group can realize the centralized control over its overseas subsidiaries' financing demand and enhance the management of overseas operational risks, helping cross-border group customers achieve centralized management for its financing status.
Charges
The charges are subject to the charging principle and rate provided in relevant rules of Bank of China.
Target Customers
Global credit line is a product tailored for large enterprise group customers dedicated to overseas development.
Application Qualifications
1. The group customer should be a enterprise legal person registered in China;
2. The establishment of overseas subsidiaries has been approved by China's competent authorities.
3. Overseas invested enterprise has been legally registered overseas;
4. Foreign exchange registration for overseas investment has been completed in China's administration authority of foreign exchange;
5. The overseas credit line supports the business which is in compliance with China's "Go Global" strategy, the credit line policy of Bank of China and the main operation of the enterprises;
6. The group customer should be a key customer in head office level of Bank of China and should rank above Grade A (inclusive) in Bank of China's credit rating system;
7. The group customer should be able to provide loan guarantee acceptable to Bank of China;
8. The applicant should meet other credit requirements of Bank of China.
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