Qualified Applicants:
Companies with one of the following documents:
(1) Irrevocable domestic letter of credit issued by the Bank.
(2) Order documents from government agencies, public utilities, or private companies validated by the Bank.
Period:
One-year contract. Each loan period should not exceed the payment period of the letter of credit or order document, with the maximum loan period of 180 days.
Interest Rate:
As stipulated by the Bank.
Collateral:
Exempted.
Guarantor:
Provide according to the Bank’s stipulation.
Purpose:
Provide working capital required for production and delivery of domestic sales.
Method of Repayment:
For loans financed by the domestic letter of credit issued by the Bank, the borrower should repay by either the discounted acceptance draft issued by the Bank or sales revenue; for loans financed by order documents, the borrower should repay by sales revenue.