Product Definition  

　　Export Bill Advance under LC (referred to as export bill advance) is a financial service provided by Harbin Bank, where, based on the beneficiary's application and within the credit limit granted by the bank, financing is provided using the export collections under the letter of credit as the primary source of repayment, contingent upon securing adequate guarantees.

　　Product Functions  

　　1. Prior to the importer making the payment, your company can receive advance payment following shipment, thus accelerating the turnover of funds.  

　　2. Your company's current cash inflow is increased, thereby improving financial conditions and enhancing financing capacity. 

　　3. You can choose the financing currency based on different interest rates, minimizing financial costs.    

　　4. Your company can process foreign exchange settlement in advance to avoid exchange rate risks.

　　Processing Procedure

　　1. You are required to complete the Export Bill Advance under LC Application Form and provide the following documents: the original letter of credit issued by a foreign bank, the complete set of export documents, the export sales contract executed with the foreign importer, the export approval or license, the issuing bank's acceptance or commitment payment telegram, and any additional materials requested by Harbin Bank, including approval documents for utilizing inter-bank credit limits. 

　　2. Following Harbin Bank's review of your application, the bank will execute the Export Bill Advance Contract with you and disburse the advance funds.

　　3. Harbin Bank will send documents for collection.  

　　4. Your received funds will be directly used to repay the export bill advances from Harbin Bank.