I. Description
After the buyer and the seller sign the order for a transaction that is settled through non-L/C method, the Bank provides short-term financing to the seller to meet its fund demand during the procurement of raw materials, production organization, goods delivery procedure before the latter ships the goods, and takes the expected sales payment under the order as the major source of repayment.

II. Target Customers
Applicable to the sellers that adopt a non-L/C settlement method for orders signed with the buyers.

III. Qualifications
i. Approved/registered in accordance with the law, having obtained corporate business license or other valid documents that certify the company’s business legality and business scope;
ii. Having lawful and reasonable original copies of the goods transaction contract (order), goods on the order are the seller's major products, and raw materials or finished products needed during normal operation of the buyer;
iii. Goods bought by the seller is a major raw material to produce products on the order; and
vi. Meeting other requirements of the Bank.

IV. Handling Procedures
i. The seller submits financing business application, as well as materials such as business license, original copy of order etc. to the Bank;
ii. The Bank signs order financing agreement with the seller after investigating transactions between the buyer and the seller, and informs the buyer of the Bank's designated collection account and account number; while the seller pledges expected sales payment under the order with the Bank and registers the pledge;
iii. The Bank provides financing to the seller;
iv. If the buyer pays the Bank on maturity date of the account receivables, the Bank will deduct corresponding loan principal and interest, and return the balance to the seller. But if the Bank doesn't receive any payment from the buyer on the maturity date, the seller needs to repay the loan principal and interest.

Note: Information on the page is for reference only. Please refer to announcements and regulations of local outlets for specific business.