Product Introduction

The applicant’s overseas parent company or affiliated enterprise applies for a Standby Letter of Credit that designates a domestic branch of China Merchants Bank as the beneficiary from China Merchants Bank New York Branch, and then the domestic branch of China Merchants Bank provides the applicant with domestic financing services according to the guarantee.

Product Features

1. 1、Cross-border credit transmission. Domestic and foreign resources are arranged. The capital strength or credit of the offshore affiliates is used to meet the domestic applicant’s financing needs.

2. 2、Convenient business processing. It makes full use of China Merchants Bank’s cross-border linkage business advantages. The entire business process can be completed within China Merchants Bank’s system, making business processing much faster and more convenient.

Target Customers

Mainly applicable to smaller foreign invested enterprises operating in China that have difficulty in obtaining bank credit support on their own.