FAQs
How do I know that the goods that are shipped to me are what I ordered?
Under documentary Trade, banks globally only deal in the documents presented, such as the bills of lading, there is no guarantee of the quality or quantity of goods – except that the bank can check the documents. That said, under an Import Letter of Credit, you can require an original inspection certificate to be sent to you before payment is required, which you can specify to be issued by third party surveying companies giving you the certainty of the opinion of a third party.
How can I get access to finance to pay for my imports, as they take 3 weeks longer to get here than buying locally?
The bank can provide you with an import trade advance loan to finance the longer working capital cycle (subject to credit).
How do I know if my financial supply chain is working efficiently for me, and where can I improve it?
Talk to us, we will understand your creditors, inventory cycles and debtors, and suggest ways to improve Days Payable Outstanding/Days inventory Held/Days Sales Outstanding and match your financing to your working capital needs.
How can I make sure that I get paid for my export?
An Export Letter of Credit is a guarantee from a bank based on documents, or under an Export Collection, your customers bank acts as your agent, and ensures your customer is required to adhere to the conditions of your contract (note: the overseas bank does not guarantee payment under a collection).
How do I protect my business from the risks of political instability?
Confirmed letters of credit, where we will take on the risk of your customers bank and guarantee you will be paid no matter what happens to their bank.
How can importers benefit from paying in Renminbi (RMB)?
Importers can benefit in three ways, from improving better pricing terms with Chinese suppliers; widening the supplier base, to companies who cannot accept foreign currency payments in China; to better payment terms with extensions of settlement to 210 days.
