Product Definition

　　Import Collection and Bill Advance refers to Harbin Bank acting as the collecting bank, providing financial support to import enterprises based on their application, within the credit limit and sufficient collateral, to pay for import collection items, with the sales proceeds from the imported goods as the primary repayment source.

　　Product Functions

　　Used to meet the short-term financial needs of importers under import collection items.

　　Product Features

　　1. Reduces fund occupation. Utilizes bank funds for commodity imports and domestic sales, thus completing trade transactions and generating profits without tying up any of its own capital.

　　2. Seizes market opportunities. 

　　Assists importers in obtaining ownership documents, collecting goods, and reselling them when immediate payment cannot be made, thereby enabling them to seize market opportunities."

　　3. Improves bargaining power. Helps importers enhance their bargaining power with foreign exporters by shortening the payment terms from forward to immediate or shortening the forward payment term.

　　4. Saves financial costs. Allows selection of financing currency based on different interest rates to save financial costs.

　　Applicable Clients

　　Importers facing temporary cash flow difficulties and unable to pay for the documents on time.

　　Application Conditions

　　1. Legally registered with an approved business license or other valid documents proving the legality and scope of operation; possessing an account opening permit and import/export operating qualifications, and open a settlement account at Harbin Bank.

　　2. Import Collection and Bill Advance Application, Trust Receipt, trade contract, commercial invoice, original transport documents, customs declaration/entry goods filing list (if goods have been collected; if not collected, it should be supplemented after collection), and any other materials required by Harbin Bank.

　　Processing Procedure

　　1. Harbin Bank should determine the credit limit for the importer based on the application.

　　2. The importer submits an import bill advance application to Harbin Bank.

　　3. Harbin Bank advances the import bill payment on behalf of the importer and delivers the documents to the importer.