Credit refers to the direct provision of funds by commercial banks to non-financial institutional customers, or the guarantee of compensation and payment responsibilities that customers may incur in relevant economic activities, including loans, trade financing, and bill financing. , financial leasing, overdrafts, various advances and other on-balance sheet businesses, as well as bill acceptance, issuance of letters of credit, letters of guarantee, standby letters of credit, letter of credit confirmations, bond issuance guarantees, loan guarantees, asset sales with recourse, Off-balance sheet operations such as unused irrevocable loan commitments. Simply put, credit refers to the act of a bank directly providing financial support to a customer or guaranteeing a customer's credit in relevant economic activities to a third party.

Credit decisions of commercial banks should be made within the scope of written authorization, and credit should not be granted beyond the authority. Commercial banks' credit decision-making should be based on prescribed procedures, and credit should not be granted in violation of the procedures or by reducing the procedures. In the credit decision-making process, commercial banks should strictly require credit staff to follow the principles of objectivity and impartiality, express decision-making opinions independently, and not be interfered by any external factors. Commercial banks are not allowed to grant credit to the following businesses: products or projects expressly prohibited by the state; engaging in equity investment in violation of relevant state regulations, using credit as registered capital, registered capital verification and capital increase; violating relevant state regulations to engage in stocks, Investments in futures, financial derivatives, etc.; other projects that violate national laws, regulations and policies.

When implementing conditional credit, commercial banks should follow the principle of "implement the conditions first, then implement the credit". If the credit conditions are not implemented or the conditions change and the decision is not made again, the credit shall not be granted. Commercial banks should prepare corresponding legal documents for the proposed credit extension and review the legal compliance of the legal documents. For tips on the main terms of legal documents, please refer to the "Notes on the main terms of the format contract text" in the "Appendix". When commercial banks grant credit, they should pay attention to the legality of the loan contract. The credit staff who are authorized to sign the loan contract should review the loan contract item by item before signing, and ensure that the customer's exact legal name, the authorization document of the person authorized to sign on behalf of the customer, the identity of the signer, and the legality of the credit legal document signed Confirm the sex.