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Import Payment

Overview
The Import Payment is the service that the importer's bank, at the request of the importer, directs the paying bank to make payment for goods. Furthermore, the importer makes the repayment plus interest to the importer's bank upon maturity, and the importer's bank then reimburses the paying bank.

Features
It meets our customers' needs for deferred payment under various settlement modes.

Target Customers
Corporate customers.

Procedures
1. The customer files a request and submits relevant documents.
2. ABC accepts the request and completes internal investigation, review and approval pursuant to business authority and procedure.
3. ABC chooses the paying bank and determines the interest rate.
4. The customer provides relevant guarantee and enters into the import payment contract with ABC.
5. ABC makes a payment.
6. The customer makes the repayment to ABC upon maturity.

Note: Please contact your local branch for detailed information about the service.

Customer Service Center : 95599

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