Import refinancing refers to short-term financing by which the Bank provides loans to customers with the funds of domestic and foreign banks, and then transfers the principal, interest and related expenses paid by the customers on the due date to related banks.
- Importers can import and sale the goods at home with the funds of banks and do not tie up any funds of customers;
- Importers can obtain title documents of goods in time, take delivery of goods and resell goods in case of failing to pay for the purchase price immediately so as to seize market opportunities;
- The abilities to bargain of importers will be improved by changing the term of payment from payment after sight to immediate payment, or by shortening the term of payment after sight.
- The financing costs are reduced by using overseas funds.
- Customers who have the right to engage in import and export, good credit and no bad record;
- Customers who have real trading are not involved in "money laundering" or other illegal activities, deal with those who or whose account banks are not sanctioned by international organizations, and meet review requirements for business compliance of the Bank;
- Customers who have the line of credit or cash deposit required for import refinancing;
- Importers who have limited current capital;
- Customers who meet other requirements of the Bank.