Personal Savings
Introduction to Personal Saving Deposit Products
At present, the Bank's personal saving products are mainly divided into conventional savings and characteristic savings. Conventional saving products have a complete range of types, including time deposits (lump-sum deposit and withdrawal, installment fixed deposit, term deposit with regular...
International Trade Financing
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Purchaseofcleanbill
Product descriptionsThe bill bought refers to that under the settlement business without accompanying trade documents such as clean bill collection, Fudan Bank purchases the banks demand/usance bills which are paid/accepted by other banks by means of discounting, so as to provide financing services for customers.Product functionsThe product is used to meet the customers short-term financing requirements under the collection of clean bills.Product features1. Speed up capital turnover. The forward
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Exportcommercialinvoicediscounting
Product descriptionsExport commercial invoice discounting refers to that the exporter transfers the current or future accounts receivable generated under the export sales contract which is concluded with the importer (debtor) to a bank, and the bank provides trade financing, receivables collection, maintenance of the sales ledger and other services.Product classificationIt can be divided, based on the advising the debtor or not, into the following: open type discounting of export commercial invo
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Exportdiscounting
Product descriptionsExport discounting refers to that Fudian Bank purchases from the exporter under the export L/C the unexpired usance bill which has been accepted by a bank, or the unexpired forward claims undertaken to be paid by a bank, or the unexpired forward claims which have been purchased under the documentary collection and have been certified to be paid by a bank. The Bank has the right of recourse against the exporter if the accepting/committing/certifying bank fails to pay at the du
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Exportbillpurchase
Product descriptionsThe export bill purchase means that the Bank provides the short-term financing to the exporter based on the documents which are submitted by the export as required by L/C or the contract, after the exporter delivers the goods. If the issuing bank or the collecting payer refuses to pay or fails to pay at the maturity, the Bank has the right of recourse against the exporter.Product functionsThe product is used to meet the short-term financing requirements of the exporter under
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Packingbillfinancing
Product descriptionsAt the request of the beneficiary (exporter) of the L/C, the Bank shall add the commitments of discount to the commercial acceptance bill issued by the exporter to the domestic supplier (if the beneficiary starts to handle business with the Bank), or issue the bank acceptance bill directly to the supplier (if the Bank is satisfied with the credit status of the beneficiary). When the supplier present the bill to the Bank for discount or payment, the Bank shall do so.Product fu
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Packingloan
Product descriptionsA special loan granted by the Bank to the beneficiary (exporter) of L/C for the purchase, production and shipment of goods under the L/C.Product functions1. The product is used to meet the short-term financing requirements of the exporter for goods preparation and shipment under L/C.2. The source of repayment is collection of export proceeds under L/C.3. As special loans, it should be based on the clear trade background, and such loans should be subject to the closed manageme
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Refinancing
Product descriptionsThis product is a short-term financing activity for the customers of Fudian Bank. According to the agreement signed between Fudian Bank and the overseas correspondent bank, the overseas correspondent bank shall advance the payment under the import L/C, import collection business, or import invoice of the customers of Fudian Bank on the due date.Product featuresApplicable to meet the needs customers of Fudian Bank for low-cost overseas funds.Applicable interest rateThe financi
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Importbilladvances
Product descriptionsThe Bank provides short-term financing for import payment advanced on behalf of the importer under the import L/C, import collection and cash on delivery import commercial invoices, with valid certificates and commercial documents.Product functionsIt is used to meet the short-term financing needs of the importer under import L/C, import collection or cash on delivery import commercial invoice. According to the method of settlement, it is divided into import bill purchase of L
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Deliveryguarantee
Product descriptionsThe importer shall issue a written guarantee to the carrier or its agent for picking up the goods, if the imported goods arrive before the shipping documents, and this written guarantee shall be endorsed by the bank and the bank shall bear the joint liability. The delivery guarantee is mostly used under L/C, and the L/C requires the submission of a full set of cargo rights documents.Product functionsIt helps the importer to pick up the goods in time to avoid all kinds of cons
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IssuingofL/Cwithcreditlimits
Product descriptionsIssuing of L/C with credit limits refers to the service where Fudian Bank issues an import L/C without collecting the full deposit from the customers.Product functionsThe product is used to meet the short-term financing requirements of the importer under the import L/C.Product featuresReduce capital occupation and speed up the capital turnover, so as to improve the efficiency of fund use and increase the efficiency of fund use.Applicable customersThe importer has insufficient
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Forfaiting
Product descriptionsForfaiting refers to the unexpired claims arising from the Bank’s purchase of goods, services or assets without the right of recourse. Generally, the claim has been accepted/committed/certified by a financial institution. The acceptable forms of claims for the Bank’s forfeiting transactions include: L/C, bill of exchange, promissory note, claims guaranteed by payment guarantee/standby letter of credit, claim for insurance of export credit insurance and other acceptable debt i