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in international trade, capital turnover issues are often a major challenge faced by companies. as an effective financial service method, packaged financing provides enterprises with flexible financial support. this article will give you a detailed analysis of the operation process and advantages of packaged financing.

sendashi consulting-hong kong company business services

1. overview of packaged financing

packaged financing (lc, letter of credit), also known as letter of credit packaged loan, refers to a short-term financing method provided by banks for companies holding letters of credit. this financing method allows companies to use bank funds to complete the purchase and export of goods under a letter of credit without using their own funds.

2. operational process of package financing

1. receipt of letter of credit: the enterprise obtains a valid letter of credit from an overseas customer.
2. submit application: submit the letter of credit to the bank and apply for package financing.
3. bank review: the bank conducts review based on the company's financial status, credit record and letter of credit terms.
4. financing release: after passing the review, the bank will issue a loan, usually 70%-90% of the letter of credit amount.
5. purchase of goods: enterprises use loan funds to purchase goods.
6. export goods and submit documents: the enterprise completes the export of goods and submits documents that meet the requirements of the letter of credit.
7. bank collection: the bank collects the payment from the issuing bank according to the terms of the letter of credit.
8. repayment and settlement: after receiving the payment, the bank will deduct the loan principal and interest and return the remaining balance to the enterprise.