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.