Export bills (outward bill / outward documentary bills / outward bill credit / bill purchased) Overview] [export bills Export negotiation refers (letter of credit beneficiary) submit to the bank documents under letter of credit negotiation, the bank (negotiating bank) based enterprise applications, with a full _set_ of documents submitted by the enterprise as a pledge of matching documents for review , review and correct reference to the amount of the money advanced to face business, and then to the issuing bank to send a single cable exchange, documentary bills charged to the corporate interest and bank charges and retain the right of recourse of a short-term export financing. [Export negotiation object and Conditions i, object: Enterprises such as the right to operate import and export and have independent legal personality and export letters of credit as a way of _set_tlement, you can with the export documents under letter of credit banks for Syria to do the export bills. ii, conditions: For Syria to banks for enterprises for export financing, must meet the following conditions: 1, an enterprise should apply for the line to open in RMB or foreign currency current accounts, _set_tlement of import and export business and finance business under the bill purchase accounting of all revenue and expenditure; 2, a good business credit, performance ability, good record of receipt, with some experience in foreign trade; 3, the export of goods should be the main export product for the enterprise to meet the market demand, domestic and international sales network and improve the flow into, and to obtain the necessary quota and approval; 4, the enterprise should have a sound financial accounting system, on time, submit financial statements to banks, accepting banks for your production and operation and financial position of the real-time review. Export bills shall be used for a reasonable cash flow needs; 5, the issuing bank and pay row local political and economic situation is stable, no shortage of foreign exchange, no particularly strict foreign exchange controls, no financial crisis situations, and the issuing bank's own credit, reliable, and prudent management, did not intentionally and unreasonably demanding documentation discrepancies poor record of non-payment; 6, letter of credit terms are clear and complete and in line with international practice, the Bank recognized no potential risk factors. In principle to the transfer of credit for export bills Bank; 7, Syria for export negotiation documents must strictly comply with credit terms, so that just the same, the same document. Under long-term credit for export financing, must be received by the issuing bank for acceptance only after Syria. [Export bills of currency, interest rate, term] Export bills of currency is the currency of the original documents, documentary bills interest rates in accordance with international financial market conditions, financing the cost of the line applications, the issuing bank to determine credit risk and other factors. Negotiating the proportion of the amount approved by the bank according to the actual situation, the maximum amount of 100% of the amount of documents, withholding bank charges banks, documentary bills of interest, will be included in net corporate accounts. Negotiating beyond the actual receipt date as the deadline, the bank will receive documentary credit companies make up the interest. Current export negotiation period of export proceeds in accordance with the region and routes to determine long-term credit Negotiating for a period of acceptance received the issuing bank after the payment due date until the third day only. Negotiating over the period, such as by the bank to the issuing bank collection negotiation negotiations had not yet recovered money, the banks have the right to recourse to the company, the amount of recourse documentary bills, interest and bank charges. [Application] export negotiation i, enterprise applications for Syria to banks for export financing, bank branches are required to the international _set_tlement business department or the Department of International Trade Division head office to submit the following information, including: 1, the annual Trade and Industry Bureau a copy of business license; 2, borrowers have the right power of attorney and specimen signature of the signatory; 3, the company's recent financial statements; 4, banks and other documents required. ii, enterprises should fill in "export negotiation application" and "pledge of export bills written," the two copies, plus the right to sign with the company seal and signature, together with the original export documents and bank letters of credit to be cross- audit; iii, banks submit the receipt of enterprises' export bill purchase application "and export documents, and if eligible, upon review and Syria to do export bills. [] The role of export bills Customers pay a single export, the requirements in line with with the letter of credit, receipt of secure documents to the banks for short-term financing, foreign exchange earnings from customers in advance before the arrival of advances from the bank to accelerate cash flow. [Feature] export negotiation 1, bill purchase / discount department short-term advances, bill purchase shall generally not exceed 180 days, the discount does not exceed 360 days. 2, bill purchase / discount system to withhold the interest, the remaining money to give customers the amount of interest by financing financing interest rate × × Documentary Days / 360 calculations. 3, Documentary / discount system to retain recourse bank advances, regardless of insurance of causes, not from the foreign exchange earnings, such as the customer should promptly return the funds raised other advances. [For] the requirements of the export bill purchase operations 1, export negotiation with the applicant should be a single beneficiary of the credit and good credit, banks provide customers with financing export bills, and charge the customer signed the book summarizes the export charge, and require customers to individually apply for bank by virtue of their submitted documents matching documents to the export bills. Export bills required to be collected in foreign currency interest rates. 2, export negotiation is reserved for exporters recourse bank financing, but banks such as the confirming bank, paying bank, or the acceptance line can not exercise the right of recourse. 3, the bank only for documentary letters of credit under the bank acceptance bills discounted, the applicant shall apply for the discount business discount banks to submit applications, and acknowledge the bank to retain recourse discounting advances. 4, discounted bills of the period not exceeding 360 days, discount days of the date of the bank discounted the actual number of days to maturity, the discount rate will be collected in foreign currency regulations, and the discount rate, discount rate is deducted from the fare. [Conditions] for export bills 1, the delivery requirements documents and credit line. 2, receiving documents under letters of credit guaranteed. 3, the relevant formalities have been completed. 4, one of the following circumstances, the bank will refuse to accept applications for Negotiating: 5, to permit limit other bank for negotiation. 6, long-term credit more than 180 days. 7, the transport document for non-property right certificate. 8, failed to submit a full _set_ of documents of title. 9, with a soft credit terms. 10, the transfer line does not assume independent responsibility for payment of transfer credit. 11, document or just a substantial discrepancy between. 12, cable exchange line twists and turns, affect the safe and timely receipt. 13, the issuing bank or paying bank instability or tension in the seat of war the country or region. 14, receipt regional shortage of foreign exchange, strict control over, or financial crisis, receipt uncertain. 15 other banks that should provide Negotiating situation. Conditions [discount] 1, the bank only for documentary letters of credit under the bank acceptance bills discounted. 2, the unstable political situation, strict foreign exchange controls, external payment difficulties as well as national and regional banks bad credit banks for acceptance of the bill is discounted. 3, background for free trade, for investment purposes are not discounting the long-term promissory notes. [Formalities] discounted 1, the customer should be duly signed with the banks' total export financing pledge book ", the definition of the basic rights and obligations. 2, the customer shall provide registered banks, business and financial information relevant to the situation, as the bank financing audit basis. 3, each specific financing, the customer shall also provide to the bank, "export financing application." 4, the financing application is approved, the bank credited the money will be customer's instructions. 5, the export volume, the sum of receipt will be used to repay bank advances. 6, the export volume is not bad, the customer shall remain separate funds raised repayment.
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百科 Daquan
Export bills [Export] export bills actually Negotiating Bank of Mouth to provide a short-term financing. Exporters shipping goods exports Material after the shipping documents to the Bank, in a single audit Card match, the payment to the exporters, namely, money orders or documents Paid the price, this payment is referred to as negotiation (negotia- tion), also known as ticket (Bill Iharchased). Bank documents Sent to the issuing bank to reclaim the money back to the original impulse to advance funds. This Kinds of negotiation until the whole process of recovering the money is the export bills of The whole process. Documentary Export packing credit loans with different post Who is the exporter prior to delivery, that is, the export supply in their organizations Loans provided at the time. The former is the exporter's shipment Later, to provide a financing, and links, are after the time In the packaged loans. The banks lending the latter a long time (through Often as three months - six months) the former is shorter (usually 10-20 days). In addition, the latter is back to the issuing bank Payment, the banks recover principal and interest, the former by the banks in the Office of Negotiating Negotiating ie, excluding management time to the date of recoveries amounting to approximately Between the interest. The same point is to provide loans in both banks By the credit amount or the amount of documents, said a certain percentage of Provides not one hundred percent loans. Bank export bills, the legislation requires exporters of quality Charge the book (play tter of Hy d thecation) or power of the total mass (Gene-resistant Rose tte: ofH few guilty thecation), the former for a Pen business, which is continuous and effective use of available liquidity. In the pledge book Specified in the negotiating bank recourse and cargo handling rights. In addition to letters of credit under the business other than for export bills, For collection and export factoring services can also be under the charge for export Exchange. Its procedures and export bills under letters of credit are similar.
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English Expression
: bill purchased, outward documentary bill
n.: bill purchased (B/P); outward documentary bill
Containing Phrases
outward documentary bill
outward documentary bill calculate
outward documentary bill
outward documentary bill and Import Bill advance
outward documentary bill reach At a specified future date Discount of bill Total Pledge blurb substance
