Credit open letters of credit (Issuing of L / C with Credit Limits) Product Description: credit refers to open letters of credit in the absence of the full deposit charged to customers for their business opening import letters of credit for having I have permission to import and export business line of credit customers, to meet customer demand in the short-term financing of import letters of credit. Features: 1. open letters of credit for exporters to provide the equivalent of a conditional commitment for payment outside of commercial credit, and enhance the credibility of the importer, the importer would then be able to secure a reasonable price goods. 2. The change of commercial credit for bank credit, the bank's intervention in itself can make trade more assurance. 3. Send the documentation requirements by additional terms, effectively control the goods, loaded periods of time. 4. In the short-term funding to meet the importers import letters of credit under the facility needs. 5. issuing credit relief may be appropriate margin, after issuing payment to reduce importer before tying up their own funds, accelerate cash flow, thereby improving capital efficiency, increase capital efficiency. Applicable Client: 1. The trading partners initial transaction, unaware of each other's credit, letter of credit agreed to the settlement. 2. The trading partners want to conduct certain mutual agreement to increase the credibility of trade. 3. Trading in a seller's market, and exporters insist on using letters of credit settlement. 4. The trading partners are not sufficient liquidity, there is the use of trade financing plans. Application conditions: First, the basic access conditions 1. Must be the industrial and commercial administrative organs (or authorities) approved and registered and obtain "foreign trade operators filing form" of enterprises (thing) industry corporate law and other organizations; 2. The Bank opened RMB basic deposit account or general deposit accounts and other economic organizations engaged in legal or business activities in accordance with law; 4. The Bank has established relationships with credit;; legal or economic entity has the right to operate import 3. 5. Credit well, the last two years with no adverse trade financing, interest owed and other bad record; 6. The contract provides real trade background, and in line with its business scope; 7. The case agent import and export, must have the right agent, and provide the agency agreement ( The sealed confirmation); 8. has been included in the foreign exchange bureau announced the "Enterprise Management Information List"; other conditions stipulated 9. Bank. Second, the buying and selling activities under letters of credit within the scope of the applicant's business operations; submission: 1. export bills written application; 2. The purchase and sale of a legally binding contract, the settlement agreed in the contract or the relevant provisions for credit 3. In the case import agent, the applicant shall have the right agent, and provide the agency agreement (the applicant need sealed);; 4. quotas or import restrictions permit goods to be supplied by the foreign trade departments issued business license quota import license or certificate; 5. implement an automatic registration system of imported goods, providing automatic import license; 6. important industrial imports, provide important industrial registration certificate; 7. feed processing / feed Shenjiagongye applicant should provide customs processing manual feed / feed deep processing of the original manual (copy retained the relevant page, the number after the original notation, Tuikai applicant); 8. waste imported goods, the need for the approval document issued by the State Environmental Protection Administration (For ); 9. consistent with existing policies and regulations of the State Administration of Foreign Exchange, the Bank may provide other materials needed. Tips: 1. Buyer shall have full line of credit, a good compliance record, according to the proportion of cash deposit requirements and provide guarantees. 2. The trade more or less subject to the terms of the contract, for the amount of the floating part of the need to implement a security measure. 3. Payment terms should match the sales cycle, or the production and processing cycle phase of the imported goods. 4. After the import into a single importer also apply to our bank Syria as import bill / import and payment.