Export accounts receivable pool financing

Product introduction: Export accounts receivable pool financing means that customers transfer their eligible accounts receivable under export items to our bank and/or Or the collection of transferred accounts receivable and uncollected export tax refunds on the premise of pledging the export tax refund special account to our bank. Provide customers with comprehensive on- and off-balance sheet financing and provide accounts receivable pool management services based on the balance of the accounts receivable pool. The financing business provided to customers includes local and foreign currency loans, commercial bill discounting, bill acceptance, issuance of letters of credit, letters of guarantee, import and export trade financing, etc. All of our bank's on-balance sheet and off-balance sheet financing varieties.

Product advantages: Accounts receivable pool financing grants credit based on the customer’s export settlement volume. As long as the customer continues to pay bills, the margin in the cash pool can be transferred for use. The essence is to use the company's underlying accounts receivable for financing without affecting or rarely affecting the company's capital turnover. In actual operation, if the account period is one month and the customer pays about US$3 million to our bank every month, he can obtain a one-year current loan of RMB 18 million without affecting the use of his foreign exchange funds and reducing the It eliminates the hassle of multiple bill transfer procedures for customers and obtains a stable supply of credit funds, which is especially suitable for customers with short account terms. In addition, non-regular letter of credit documents and letters of credit documents from non-developed countries can be entered into the accounts receivable pool for financing.

Bank, Tax, and Fee Connect

Product introduction: Bank, Tax, and Fee Connect business refers to connecting the China Electronic Port Comprehensive Service Platform with our bank’s Bank, Tax, and Fee Connect system to facilitate import and export operations. Corporate customers can log in to the China Electronic Port website and select our bank as the handling bank for tax payment, thereby completing the customs tax payment business through the electronic network.

Product advantages: This service simplifies customs clearance procedures for enterprises and improves customs clearance efficiency. Enterprises can pay taxes through the electronic service platform, which helps enterprises gain valuable time for customs clearance of goods, ensures the safety of enterprise funds to the greatest extent, and improves the efficiency of the use of funds.

Electronic bill business

Definition: Electronic bill business refers to the electronic processing of commercial bills (including bank acceptance bills and commercial acceptance bills), which are made and circulated electronically to Electronic signatures replace physical stamps.

Function: Electronic bills of exchange have all the functions of ordinary commercial bills of exchange. They are not the electronic information of ordinary paper commercial bills of exchange, but independent, complete and legal commercial bills. Customers can handle the issuance, acceptance, delivery, endorsement transfer, discount, pledge, custody, entrusted collection and other services of electronic bills through online banking, making bill business operations more convenient and faster, reducing transmission links, improving bill security, and facilitating corporate funds. manage.

Business benefits:

Convenience: online operation, saving manpower, fast transfer

Security: digital, signed certificates to prevent cloning, theft, and loss

Management: Support cash management and strengthen financial management of group companies;

Benefit: Used in conjunction with buyer's interest payment and other bill products, effectively reducing corporate financial costs.

Bill management business

Definition: Enterprise bill management business refers to Minsheng Bank’s custody of undue commercial bills (hereinafter referred to as "bills") held by the holders. Basic comprehensive management business.

Function: This business is divided into basic business and derivative business. Basic businesses include: check deposit, withdrawal, general deposit, general exchange, discount, entrusted collection and on- and off-balance sheet asset business under pledge; derivative business refers to the premise that Minsheng Bank locks the source of repayment within the corporate bill management limit. Off-balance sheet asset business provided by bearers.

Product advantages:

Compared with traditional physical bills, operational risks that may arise during bill review, delivery, custody, collection, etc. are reduced;

Reduce the company's labor costs, management costs and financing costs;