What is the import issuance financing?   Leveraging Fengya’s credit line at the bank, after the payment of a certain guarantee to Fengya, Client will be issued with an import L/C, so that Client’s request for using L/C settlement will be satisfied and its financial pressure will be eased.    Other notes   1. Product advantages:  ①Client does not have to pay the guarantee in full amount, so that its financial pressure is eased.  ②Depending on the import experience over the past years, Fengya’s import and export professional team will provide customers with high-grade services, reducing the operating cost and efficiently controlling the commercial risk.  ③ Depending on the bargaining power and good cooperation between Fengya and bank, various fees will be substantially reduced, and the import documentary bills and other value-added services are available for those customers requesting deferred payment.    2. Fees:  ①Use Fengya’s credit line granted by the bank free from any charge.  ② If the application for import documentary bills are requested, our documentary interest rate is more competitive than other peers. 3. Issuing period: Generally no longer than 3 months, but it can be negotiated where applicable. 

What is the forward exchange hedging?   Forward exchange hedging refers to the lock of client’s profit in advance, and the reduction of loss arising from change of exchange rate by specifying the foreign currency, amount, exchange rate and delivery date in future exchange settlement and sale.    Other notes 1. Product advantages:  ① Lock profits in advance to avoid any loss due to exchange rate fluctuations;  ② Low-threshold hedging: The minimum amount is only USD 50,000 (the locked exchange amount is integer multiples of 10,000);  ③ Without any service charge    2. Guarantee: Bank guarantee=Locked exchange * Forward lock exchange rate * 5%;    3. Other provisions:  ① To apply for forward exchange hedging, “optional delivery” is the only choice, which means the delivery within a given period;  ② A receipt or payment of exchange cannot correspond to two lock exchange agreements, in principle no partial delivery is allowed, in other words, a single lock exchange must be delivered in one time. 

What is the export L/C documentary financing?   Export L/C documentary financing refers a short-term export financing business when Fengya submits to the bank the export negotiable document, the bank will mail a complete set of documents required under the L/C to a foreign issuing bank, with the examination and acceptance by the foreign issuing bank, it advances the payment as per the book value to Fengya, then claims for exchange from the issuing bank, and collects documentary interest and commissions from Fengya and reserves the right to recourse.    Other notes  1. Product advantages:  ① Get reimbursement prior to the payment for goods by foreign customer, accelerating the capital turnover and improving the cash flow;  ② Handle exchange settlement in advance, avoid exchange rate risk;  ③ The financing procedure is easier and more operable than working capital loans;  ④For the export document that is consistent with that under the L/C, the exporter may transact the export documentary bills even if it has not verified credit line at the bank.    2. Financing interest rate:  ①Compared to Renminbi loans, the export documentary financing interest rate is lower, and you may get more favorable treatment than other peers depending on the good collaboration between Fengya and the bank.  ②Collect the same money as the actual bank deductions.    What is the import L/C documentary financing?   Import L/C documentary bills, also referred to as import documentary bills, is a short-time financing that the issuing bank grants to the applicant. Generally, it refers to a short-term trade financing method that the applicant uses the goods under its importation as collateral, applies for the import documentary bills, and repays principal, interest and fees to the bank within the prescribed period, because the applicant fails to pay to the bank for the documents due to shortage of funds or turnover difficulties.    Other notes  1. Product advantages: Make it convenient for the client to ease the financial pressure through various financing methods;  2. Fees:  ①Use the Fengya’s credit line granted by the bank free from any charge.  ②Depending on the bargaining power and good cooperation between Fengya and bank, the documentary interest rate is more competitive than other peers.  3. Documentary period: (L/C payment period + Number of documentary days) <= 90 days.