I. Description
Domestic invoice financing refers to the short-term financing that the Bank grants to domestic sellers in case that the seller sells goods on credit through a non-L/C settlement method and uses account receivables under invoice of the domestic transactions to pledge loans (creditor right over the account receivables is not transferred) by presenting invoice of the transaction as an important voucher.

II. Product Functions
Help enterprises to collect money in advance, ease fund pressure, accelerate fund turnover and expand market scale. The threshold for customers is relatively low, and the formalities for commodity transaction-based loans are relatively simple.

III. Target Customers
Applicable to domestic goods/service transactions that adopts the sale-on-credit payment method in principle.

IV. 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. Lawful and valid transactions, and the buyer and the seller agree to settle relevant transactions through sale-on-credit or deferred payment, and are able to provide corresponding purchase/sales contract, invoice etc.;
iii. The seller effectively performs the contractual obligations; generation and ownership of the account receivables are clear and the ownership hasn't been transferred or pledged etc.; and
iv. Meeting other requirements of the Bank.

V. Handling Procedures
i. The seller submits to the Bank invoice financing application, as well as materials such as business license, purchase/sales contract etc.;
ii. The Bank signs financing agreement with the seller following business investigation;
iii. The Bank provides financing to the seller and mails invoice to the buyer;
iv. If the buyer pays the Bank on maturity date of the account receivables, the Bank will deduct the loan principal and interest, and repay the balance to the seller. But if the Bank doesn't receive payment from the buyer on the maturity date, the seller shall buy back the invoice and repay corresponding 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.