Domestic Letter of Credit Financing

Qualified Applicants:
Officially registered corporations.

Period:
1. One-year contract, with each maximum loan period of 180 days.  The loan can be revolved.
2. The total payment period of Sight L/C and Usance L/C, and the loan period of the Bank should not exceed 180 starting from the invoice date.

Interest Rate and Service Charge:
As stipulated by the Bank.

Collateral:
Exempted.  But for companies operating for less than one year, please provide collaterals accepted by the Bank.

Guarantor:
Provide according to the Bank’s stipulation.

Purpose:
Provide capital required for the domestic purchase of raw materials, goods and equipment related with the company’s businesses.

Method of Repayment:
The principal is repaid upon maturity.  The interest is repaid monthly, or repaid together with the principal.