Corporate Banking

Introduction

  

Overseas refinancing means that, upon the due date under the L/C (only includes sight L/C and Usance Letter of Credit Payable at sight only), the L/C applicants can apply to XIB for financing in forms of overseas payment. XIB instructs the paying bank to pay and make commitment to pay principal and interests based on agreed interest rates and terms. Upon the due date of such refinancing, the applicant shall repay XIB the principal and interests as well as relevant expenses and charges.

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