Overseas Loan Under Domestic Guarantee
Product Name
Overseas Loan Under Domestic Guarantee
Introduction
For subsidiaries established by Chinese companies outside Chinawhich are in need of production or operation fund and credit support from banks, their domestic parent company or group members can apply for a SLC or L/G issued by a domestic branch of Bank of Chinaor other commercial bank in which our bank is appointed as the beneficiary, the overseas subsidiaries can apply for loans with our bank using the above SLC or L/G as guarantee.
Features
1-It can meet the financing needsof subsidiaries established by Chinese “going global” enterprises outside China: For domestic corporate customers with strong strength, their overseas subsidiaries may with limited strength or not qualified for applying for financing credit independently from our bank. They can solve the financing needs of overseas subsidiaries through the " Domestic Guarantee and Foreign Loan ";
2-It is simple and convenient: The financing application is handled through guarantee with rapid examination and approval of credit line, as well as easy procedures.
Interest Rate
Subject to Bank of China's management rules on loan interest rates.
Charges
All charges are subjected to the agreement.
Target Customers
Chinese “going global” enterprises with loan needs from subsidiaries (or affiliates) outside China.