Product Definition  

　　Export T/T financing (also known as export T/T bill advance) refers to the service where, after the export of goods, an exporting company receives financing from Harbin Bank before receiving payment from the foreign importer. This financing is provided within the credit limit approved by Harbin Bank and requires adequate collateral to be in place.

　　Product Functions  

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

　　2. The financing process is more straightforward compared to working capital loans and other similar financing options.

　　3. Your current cash inflow is increased, thereby improving financial conditions and enhancing financing capacity.

　　4. You can benefit from the accounts receivable management services provided by the bank, which will help mitigate the workload associated with the management of accounts receivable.

　　5. You can process foreign exchange settlement in advance to mitigate exchange rate risks.

　　Processing Procedure

　　1. You are required to submit the Export T/T Financing Application Form, trade contract, commercial invoice, original transport documents (if applicable) or copies, customs declaration, export approval or license, and any additional materials requested by Harbin Bank.

　　2. Harbin Bank will review your application and enter into an Export Bill Advance Contract with you.  

　　3. Repay the Harbin Bank T/T financing after receiving payment for the export.