农行“跨境融易通”产品助推进口企业贸易发展

Agriculture bank "cross-border melt hui" products boost import enterprise trade development

Since cross-border trade RMB settlement pilot since the launch of zhejiang branch of agricultural bank of China comply with policy and market situation, give full play to its own in the RMB funds, network and the advantages of the network, and actively expand cross-border trade RMB settlement business, make the agricultural bank "cross-border melt hui" series of cross-border RMB product brand, as a booster zhejiang enterprises "going out" of the important means. "Cross-border melt hui" brand product is the cross-border RMB settlement as the core, agile use settlement, capital transactions and trade financing tools, use at home and abroad market interest rate and exchange rate difference to help enterprise to broaden the financing channels, to reduce financial cost and avoid the purpose of the exchange rate risk.

With "cross-border melt hui" series one vision of the money back to back credit products as an example: province some electronic products company with import electronic components, mainly from the import of raw materials to finished products sales between collection period is longer, because foreign currency issuing foreign currency by at least 90 days usance l/c need to take up the bank short-term foreign debt index this regulation restriction, the customer can only take $90 days open usance l/c, to apply for 90 days after the end of the financing way to obtain financing and enough deferred payment term. Agriculture bank to the customer demand analysis and credit standing as the foundation, and relying on the agriculture bank cooperation platform for the company to provide cross-border back-to-back different currency credit solutions. First of all, the customer overseas affiliates with overseas suppliers to finalize 180 days usance l/c settlement and bear the supplier must be overseas financing cost, and at the same time, relying on foreign affiliates in the agriculture bank overseas branch obtain the relevant credit. Secondly, the customer's domestic companies in the agriculture bank application to open 180 days of cross-border RMB credit to overseas affiliates; Customers overseas affiliates to the letter of credit in renminbi as a pledge, in agriculture bank overseas branch application to open the l/c to $180 days overseas suppliers. Finally, in cross-border RMB credit when due, the customer acceptance of domestic companies through the agriculture bank branches within the territory of pay related money, thus completing the whole business. The product advantage, it is due to the overseas financing cost is lower than domestic and overseas financing through instead of domestic financing reduces the enterprise financial cost; The second is do not take up short-term foreign debt index and increase the customer's payment term; The third is on foreign suppliers to the receipt of the l/c currency, amount, period, all the terms and conditions of the credit and agreement; The fourth is in RMB internationalization background have the opportunity to enjoy the benefits of the appreciation of the renminbi. Since the launch of the product, for the enterprise to save a lot of cost of capital. And greatly promote the agricultural bank cross-border RMB business development, realize the foreign enterprise and the Chinese enterprise and bank multi-win-win situation.