Provide financing for enterprises against the fund gap on the stocking stage before export shipment or the account receivable formed after export shipment (enabling early foreign exchange receipt for them), with repayment sourced from export proceeds, including packing loan, export bill purchase/discounting, forfeiting, export order financing, export invoice financing, export collection bill purchase, international factoring, export credit insurance financing and export collection discounting.

Order Financing means our short-term financing provided to exporters in international trade with non-L/C settlement mode against valid trade orders provided by them, taking their expected receivables under such order as the primary source for repayment.

The Company shall maintain short-term export credit insurance covered by Sinosure and assign its claim-related interests to ICBC post-shipment for trade financing facilitation.

Short-term financing provided to exporters, with expected receipt of proceeds under the L/C as the source for repayment to meet their needs for pre-shipment funding such as payment for purchase, production organization and cargo transportation.

In international trade with the settlement method of remittance, we will provide trade financing to exporters based on the commercial invoice issued by them including the clause for assignment of proceeds, without obtaining the document of title, and with the account receivable from the goods as the primary source for repayment.

We provide financing with recourse against export documents under L/C or documentary collection (including sight documents and unaccepted usance bills).

L/C is a written commitment made by an issuing bank to the beneficiary (exporter) for a specified amount and period, based on the applicant's (importer's) request, requiring the beneficiary to submit the full set of documents in compliance with the L/C within the stipulated timeframe and payment at the designated location.

Domestic L/C Forfeiting means trade financing business where a forfeiter can purchase, without recourse, accounts receivable under a usance L/C that has been effectively guaranteed for payment by the committing bank (issuing bank or confirming bank, hereinafter the same), including three operational methods: forfaiting other banks, reselling to other banks and acting solely as an intermediary.

Forward Foreign Exchange Settlement and Sale means transaction service of foreign exchange settlement and sale provided by banks to clients where the currency, amount, exchange rate and maturity date for such settlement or sale are agreed upon two business days or more after the date of transaction, and on the value date upon the occurrence of the corresponding foreign exchange receipt or payment at the currency, amount and exchange rate agreed in the contract.

RMB Foreign Exchange Swap means foreign exchange settlement or sale service provided by the bank, where two transactions of the same amount but in opposite directions (buy/sell), with different value dates and exchange rates, for the same foreign currency against RMB, on their respective date of settlement, by the currency, amount and exchange rate specified in the swap contract.

RMB Foreign Exchange Options means transaction service provided by banks, where the option buyer pays a certain option premium at the outset to secure the right to buy or sell foreign exchange at a contractually agreed exchange rate in the future.