Financing for negotiations under guarantee:
Once Negotiations under guarantee adopted, that means the bank should pay the applicant as requested by the beneficiary of the letter of credit in foreign currency or RMB which is converted according to the foreign exchange quotation based on the full set of documents submitted as pledge. Meanwhile, the bank will reserve the right of recourse so as to collect the payment from the issuing bank or confining bank through which the documentary bill is returned. Advantages：
-> This program can accelerate the speed of fund turnover.
-> This program can streamline financing procedures compared with complicated loaning formalities.
-> This program can increase the cash inflows and improve the financial conditions.
-> This program can save financial costs because you can switch among different foreign currencies as you like.
-> This program can lower the threshold to get the financing with the support of letter of credit.
