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Outbound Guarantee (Nei Bao Wai Dai)
ICBC (Asia)'s outbound guarantee (Nei Bao Wai Dai) business can help the "going global" Mainland enterprises to solve the problem of overseas financing.
Introduction
ICBC (Asia) provides facilities to borrowers outside Mainland China. The onshore guarantee (a SBLC/LG issued by a local bank, which applied by the borrower’s guarantor in the Mainland) will be used as the collateral for the borrower to apply for offshore loan.
Advantages
Provide financial supports to affiliates outside Mainland China, secured by enterprises or institutions of Mainland.
Notice
Must comply with regulatory requirements in Mainland China.
Remarks: Loan application is subject to ICBC (Asia)’s (the “Bank”) general credit assessment approval procedure. The Bank reserves its right to amend the interest rate, fees and charges, benefits, terms and conditions without prior notice. For details, please contact relationship manager of the Bank.