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Worldwide Credit Line


 

Introduction

Worldwide credit line, a business model, means that Bank of China head office provide overseas multinational corporations with uniform credit service under coordination of all branches to support their global development, especially in China. As a new integral credit extension mode, it can significantly facilitate the corporations to obtain a package of integral credit extension support and financial service from our bank.

Features

1. Global service. Bank of China can provide comprehensive services to multinational corporations and their worldwide subsidiaries.

2. Convertible credit line. After Bank of China head office confirms the credit line, the multinational corporations can adjust the credit line and convert its types among its subsidiaries worldwide.

3. Unified operation. Unified negotiation: Bank of China head office and the headquarter of multinational corporation, respectively representing their branches or subsidiaries worldwide, conduct negotiation on credit extension conditions and methods, as well as cooperative details. Unified guarantee: the headquarter of multinational corporation can provide a unified credit guarantee. Unified assessment: Bank of China head office conducts unified assessment and confirmation on the whole business information of the corporation. Uniform implementation: According to the negotiation outcome, Bank of China head office and its units handle the credit extension for the headquarter and subsidiaries worldwide of multinational corporation.

4. Decreased financing cost. As the headquarter of multinational corporation makes a unified negotiation on credit extension information with Bank of China head office, then their respect branches and subsidiaries handle credit extension upon head office unified assessment. The financing cost will be substantially decreased.

5. Enhanced headquarter control. With unified negotiation and guarantee, the headquarter of corporation can adjust and convert credit extension products worldwide, to enhance control over its subsidiaries.

Interest Rates

In accordance with the regulations on credit extension business of Bank of China

Target Customers

1. Well-known multinational corporations;

2. Parent company of the multinational corporation shall be an independent enterprise legal person registered overseas where Bank of China has set a branch;

3. Parent company shall have set several subsidiaries both in China and abroad, and shall be the majority shareholder of its subsidiaries.

Application Qualifications

1. The multinational corporation shall be an enterprise legal person registered in China;

2. The corporation has been approved to set up overseas subsidiaries by competent governmental department;

3. The corporation has gone through the foreign currency registration procedure for overseas investment with Chinese foreign currency administration department;

4. Overseas subsidiaries have registered in local authorities;

5. The business supported by credit extension is in line with the "Going-Out" strategy of China, credit extension policy of Bank of China, and corporation's main business;

6. The corporation has achieved Class A or above in credit rating system of Bank of China;

7. The corporation provides counter-guarantee conditions acceptable to Bank of China;

8. The corporation meets other credit extension requirements.

Required Documents

1. Application form: including the following information:

 Specific business requirements and scope of partners;

 Authorization by the competent department of the corporation.

2. Profile of the corporation

 Basic information;

 Corporation shall indicate the relations among the subsidiaries of worldwide credit line business on equity, management, production and sales, and profit distribution;

3. Business license(copy) of the corporation and certificate proving the license has passed annual inspection;

4. Audited financial reports in last three years;

5. Details on guarantee or mortgage.

Process

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