2. 外语
  3. Describe the procedure of Buyer Credit which provides loan to importer and requires importer’s bank guarantee as shown in the fo

Describe the procedure of Buyer Credit which provides loan to importer and requires importer’s bank guarantee as shown in the fo

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问题   Describe the procedure of Buyer Credit which provides loan to importer and requires importer’s bank guarantee as shown in the following chart.
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答案 ①Exporter and importer conclude a supply contract. ②Exporter and importer make an application to exporter’s bank and importer’s bank respectively. ③Exporter’s bank signs a loan agreement with importer. ④Importer’s bank issues a letter of guarantee in favor of exporter’s bank after they accept the applications respectively. ⑤Exporter’s bank makes an application for the individual loan agreement to government’s export credit agency, and the loan agreement comes into effect after the export credit agency approves it.
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初级（银行综合类）

原金融专业英语（FECT）

金融英语（FECT）

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