Against the document checking result and customer financing need, Standard Chartered Bank (China) Limited can provide various financing solutions under Letter of Credit on with recourse or with limited recourse basis. Such financing can help customer accelerate its funding collection process and shorten its Days Sales Outstanding.
In the past year, Standard Chartered China has provided export letter of credit negotiation services to nearly 500 companies, serving customers from 15 major industries. The annual transaction volume reached more than 4,000, with a total transaction value of nearly USD2.9 billion. Our clients are mainly from construction, electrical machinery and equipment, insurance industries, etc.
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Mitigates risks especially in cross-border trade leveraging the Bank’s global footprint and correspondent network:
- Documentary Risk – Standard Chartered Bank China’s documentary trade expertise ensures that documents are in compliance with LC terms
- Issuing Bank Risk / Country Risk – Shifting risk of issuing Bank to Standard Chartered Bank China via our LC confirmation service - Lower cost of financing compared to loans
- Improves company’s liquidity and shorten working capital cycle
- Optimises balance sheet
For more information, please contact your relationship manager, transaction banking sales consultant, or visit sc.com/cn
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