Product Definition

　　Letter of Credit Issuance refers to a service where Harbin Bank issues import letters of credit without requiring the customer to provide the full guarantee deposit.

　　Product Functions

　　Used to meet the short-term financial needs of importers under import letters of credit.

　　Product Features

　　Reduces fund occupation, accelerates fund turnover, thus improving fund usage efficiency and increasing fund utilization benefits.

　　Applicable Clients

　　Importers with insufficient liquidity or other investment opportunities who wish to partially or fully avoid paying the letter of credit guarantee deposit.

　　Application Conditions

　　1. Enterprises that are legally approved and registered with a valid business license, having undergone annual inspections or possessing other valid documentation that verifies their legal operations and defined scope of business activities; possessing import/export operating qualifications, an account opening permit, and open a settlement account at Harbin Bank.

　　2. Have a credit limit at Harbin Bank.

　　Processing Procedure

　　1. Harbin Bank will set the credit limit for the importer based on their application, taking into account their repayment ability, performance record, and guarantee conditions. This limit is managed by balance and can be used cyclically, allowing the importer to avoid paying the full or partial letter of credit guarantee deposit within this limit. If the importer does not have an approved credit limit in advance, individual credit review methods may be used.

　　2. Harbin Bank processes the importer's letter of credit application, utilizing the credit limit (or single credit) to issue the letter of credit.

　　3. Harbin Bank receives the documents submitted by the exporter under the letter of credit, verifies them, and makes payment on behalf of the importer while returning the limit.