Export Bills of Bills, Introduction of Export Bills

If the target enterprise has the right to operate import and export and has the qualification of an independent legal person, and uses the letter of credit as the export settlement method, it can apply to the bank for export bills with the export documents under the letter of credit.

If an enterprise needs to apply to the bank for export bills, it must meet the following conditions:

1.The enterprise should open a current account in RMB or foreign currency with the applicant bank, handle the import and export settlement business, and account for all income and expenditure under the bill financing business;

2.The enterprise has good credit, strong performance ability, good foreign exchange collection record, and certain foreign trade experience; 3.The exported commodities should be the main export products of the enterprise, meet the market demand, the domestic and foreign purchase and sales network is sound and smooth, and can obtain the necessary quotas and approvals;

4.Enterprises should have a sound financial accounting system, be able to submit financial statements to the bank on time, and accept the bank's real-time audit of the enterprise's production, operation and financial status. Export mortgage remittances should be used for reasonable capital turnover needs;

5.The political situation and economic situation of the issuing bank and the reimbursing bank are stable, there is no shortage of foreign exchange, there is no particularly strict foreign exchange control, there is no financial crisis, and the issuing bank has its own reliable credit, stable business style, and no bad record of deliberately picking on inconsistent documents and unreasonably refusing to pay;

6.The terms of the letter of credit are clear and complete, in line with international practices, and have no potential risk factors recognized by the bank. In principle, the transfer of L/C banks shall not handle export bills;

7.The documents for the export of bills must strictly comply with the terms of the letter of credit, so that the documents are consistent and consistent. For export bills under usance letters of credit, they can only be described after receiving acceptance from the issuing bank.

Currency, interest rate, term.

The currency of the export bill is the original currency of the document, and the interest rate of the bill is determined according to the status of the international financial market, the financing cost of the applicant bank, the credit risk of the issuing bank and other factors.

The proportion of the amount of the bill is determined by the bank according to the actual situation, and the maximum amount is 100% of the amount of the bill, and the bank will deduct the bank fee and the interest on the bill, and then transfer the net amount to the enterprise account. If the actual date of receipt of foreign exchange exceeds the period of the bills, the bank will charge the interest on the bills.

The term of export bills at sight shall be determined according to the region and route of export receipts, and the term of usance bills of credit shall be from the date of receipt of acceptance by the issuing bank to the third working day after the due date of payment. If the negotiated amount is not recovered after the bank has collected and negotiated with the issuing bank, the bank has the right to exercise the right of recourse against the enterprise to recover the amount, interest and bank charges of the bill.

Import bill purchase refers to a kind of financing method in which the issuing bank immediately advances the import payment and subordinate expenses with the shipping documents as collateral after accepting the entrustment of the issuing applicant (importer) to issue the import L/C, and when it receives the documentary draft and the negotiation notice sent by the negotiating bank, the documents are consistent. The corresponding concept of import bill bill is export bill bill, which refers to the act of the exporter issuing various documents to the importer and issuing a bill of exchange to the importer after issuing the goods in accordance with the provisions of the contract.

If the applicant has paid part of the deposit in advance at the time of issuance, the bank will deduct the deposit from the purchase price when making the import bill, and the rest will be listed as the import bill, and then pay off the principal and interest of the import bill at the prescribed interest rate and the number of days of bank advance when the applicant prepares the redemption note.

If the customer is the applicant (importer) for the issuance of the letter of credit business, after the bank receives the documents under the letter of credit issued by the customer from the foreign exporter, if the documents are consistent, the bank can provide the customer with short-term financing facilities for the payment of the letter of credit, i.e., import bills. At this time, the customer does not need to pay the amount under the L/C, and can obtain the documents under the L/C, which not only saves the cost of occupying funds, but also obtains financing convenience.

According to the basic settlement method, import bills can be divided into import bills collected and import bills under letters of credit; According to the currency of the bill, it can be divided into foreign currency bills and RMB bills. Import bills can help reduce the capital occupation of enterprises, help enterprises grasp market opportunities, and optimize capital management.