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Financing

CONNECT INDUSTRY CO.,LTD co-operate with the biggest China banks and Insurance companies, to introduce different financial programs for different poultry project, start from small plants until complete turnkey poultry projects for different countries with financial amount reach to 85% of the total project. With ranges from 1 million to 100 million US Dollars

Introduction

Export buyer's credit is a medium-and-long-term financing facility provided
by exporter's bank and supported by exporter's home government to the importer
or its banks, with the purpose of promoting the export of capital goods and
services such as homebred mechanical and electrical products, complete equipment
and overseas contracted engineering projects.

Functions

1. Support from exporter' home country. Export credit, also called
"Officially-Supported Export Credit", is a credit provided by the exporter's
country for export goods of domestic financial institutions through the
preferential policies in order to support the export of homebred capital goods
and to strengthen the competitiveness of its home products. As the policy
executors, each nation's Export Credit Agencies (abbreviated as ECAs) provide
insurance, guarantee or direct preferential loans for the export credit.

2. Optimize exporters' asset-liability structures. Since export buyer's
credit is the financing for importers or their banks, exporters won't bear
liabilities. Exporters have safe foreign currencies collection and accelerated
capital turnover through it.

3. Reduce importers' financing costs. On the one hand, importer's financing
channels are expanded. On the other hand, the financing costs of export buyer's
credit under ECA items (insurance, guarantee or direct financing) are much lower
than that of average commercial loans. Because the business objectives of export
countries' ECAs are to implement national policies rather than make profits,
thus the premium rates (or the rates of guarantee) and the loan interest rate
are always lower than market average.

Term

Usually no more than 10 years (from effective date of the loan contract to
the repayment date of principal and interest)

Interest Rate

Affected by factors such as borrower's business information, loan amount,
term and guarantee type, the interest rate usually adopts floating rate. Subject
to external regulators' and our bank's policies related to loan rate, it will be
confirmed in the loan contract.

Charges

Upon the international common practice, export buyer's credit will be charged
management fee, obligation fee and other correlative fees according to certain
rate standards.

Target Customers

1. Exporters shall be the entities who export capital goods and services such
as homebred mechanical and electrical products, complete equipment and overseas
contracted engineering projects.

2. Borrowers should be importers, importers' banks (credit transfer banks) or
import countries' statutory borrowing sectors in sovereignty level (such as
Ministry of Finance, central bank etc.) which are approved by Bank in China

Application Qualifications

1. The aggregate amount of commercial contracts should be no less than USD 4
million;

2. The portion of export goods made in China should be worth more than 70% of
the contract value of complete equipment and 50% of the watercraft and aircraft.
Otherwise, the proportion of loan amount to contract value should be properly
decreased;

3. The proportion of spot payment in cash currency to watercraft contract
value should be no less than 20%, and that to complete equipment contract value
should be no less than 15%;

4. The commercial contract of export buyer's credit should accord with the
relevant legal rules of import country and export country;

5. The export enterprise should underwrite export credit insurance in
insurance institutions in accordance with Bank of China's requirements;

6. Meet other requirements of Banks in China.

Process

1. The stage of financing intent

During the initial business negotiation of two sides, or the exporter's
participation in overseas biddings, the exporter shall contact China bank's
enterprise business sector and applies for an intent letter of export buyer's
credit from China bank. Meanwhile, after contacting with the relevant department
of China Export & Credit Insurance Corporation, the exporter fills in a
proposal form for applying for an intent letter or an intention letter of export
buyer's credit. Banks in  China will examine and verify the application in view of
the relevant references, through relevant institutions or credit standing
systems. Then Bank in China will accordingly approve or revise the financing
package submitted by the exporter and issue a non-binding intent letter to the
exporter.

2. The stage of project negotiation and evaluation

Our bank's business personnel will track and monitor the project developing
circumstances, help the exporter and the borrower with business negotiations,
define the financing proportion and settlement methods of export buyer's credit.
Thus our bank can endeavor to match the loan payment and settlement methods with
the loan terms such as withdrawal time and withdrawal amount.

3. Negotiation and signing stage of loan and insurance contracts

4. Loan use stage

The exporter transports goods, entrusts the international settlement
department of our bank to process collection or L/C business according to the
settlement method agreed on the contract, submits document to the borrower for
its verification and send out a payment instruction. With all the preconditions
satisfied, the exporter draws and uses the loan from our bank. The exporter
should regularly provide export contract progress report to define delivery,
project schedule and amount settlement.