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Inward Collection / Inward TT Documentary Credit

Inward Collection Documentary Credit makes remittance and offers short-term capital financing for the applicant, under the Inward collection D/P, when the collecting bank prompts the customer’s foreign payment for the documents, according to the written request of the applicant.

Inward TT Documentary Credit makes remittance and offers short-term capital financing for the applicant, after settling with method of remittance and Inward goods declaration under the trade item of COD stipulated in the inward contract, according to the written request of the applicant.
Product Features:
• Through bank credit and capital to inward goods and domestic sales, to reduce the amount of funds occupied and to help the capital flow.

• Grasp the market opportunities to obtain receipts under non-paid conditions and take  delivery of goods, as well as other related operations

Target Customers:
• Under trade item, Inward enterprises that use TT or inward collection trade settlement

• Inward enterprises due to lack of liquidity, can not timely make a payment to redeem the documents and for the financing needs

• Enterprises need funds for other high-yield investments

Application Process:
1. The customer makes Inward collection / Inward TT Documentary Credit requirements, and fills out the "Inward collection / Inward TT Documentary application;
2. The customer issues the trust receipt to the bank (only for Inward collection) and provides the required financing related materials;
3. The bank audits and signs Inward collection / Inward TT Documentary Credit Negotiating contracts and other legal documents;
4. The bank issues external payments of inward financing items.

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