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

初级（银行综合类）

原金融专业英语（FECT）

金融英语（FECT）

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