Product Definition

　　Domestic buyer bill advance under LC refers to the short-term funding provided by Harbin Bank to the applicant for paying amounts under a domestic letter of credit, upon receiving the documents from the presenting bank and at the request of the applicant.

　　Product Features

　　1. Provides assistance when buyers face temporary financial difficulties, enabling them to postpone payments for redemption.

　　2. Improves bargaining power. Helps buyers enhance their bargaining power by shortening the payment terms from forward to immediate or shortening the forward payment term.

　　Application Conditions and Processing Procedure

　　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 a loan card and an account-opening permit and having a settlement account opened at Harbin Bank.

　　2. The customer must have a credit limit at Harbin Bank.

　　3. You are required to complete the Domestic Buyer Bill Advance under LC Application and sign the Domestic Buyer Bill Advance under LC Contract with Harbin Bank.

　　4. Harbin Bank advances the import bill payment on behalf of the buyer and delivers the documents to the buyer.

　　5. The buyer makes payment to Harbin Bank upon due date to repay the advance on the bill.