Product Name

Import Bill Advance

Description

Import Bill Advance services are provided by Bank of China Limited Macau Branch. It is a kind of short-term financing that Bank of China makes advance payment on behalf of importer with valid certifications and commercial bills under import L/C or inward collection.

Features

1. Reduction of capital tied up. Import and resell merchandise with bank funds and make profits without occupying working capital;

2. Grasp market opportunities. The product can assist importers in obtaining document of title to goods, picking up goods and reselling in the case that payment for goods could not be made immediately;

3. Enhancement of bargaining ability. It can help importers in enhancing their bargaining ability when dealing with exporters by converting the payment at usance into payment at sight, or shortening the duration of forward payment;

4. Less financial expense. Customer can choose funding currency type on the basis of interest rates of different currencies in order to save financial expense.

Target Customers

1. Importers who encounter temporary difficulties in capital turnover, thus cannot get documents against payment timely;

2. Importers get a new investment opportunity before making payment, and the anticipated yield is higher than the import bill advance interest rate.