It is a financing facility (including loans, trade finance and financial leasing) provided by an overseas ICBC institution to the customer (the guaranteed party), which is secured by the financial guarantee (including standby L/C) opened by the Special Financing Insititutions (or other domestic ICBC branches according to the trading structure) as the guarantor with the overseas ICBC institution as the beneficiary to meet the customer's real, appropriate and legal financing needs for "Going Global" operations.
☆ Scope of application
The borrower has a real, appropriate and legal financing background; the provisions of the trade contract are complete, the responsibilities are specific and the purpose of the loans is in compliance with the laws and regulations.
The borrower shall promise (the guarantee applicant can promise to supervise) that the loan funds will not be directly or indirectly transferred back to China via a third party in the form of lending, equity investment or securities investment.
It can timely meet the needs of Chinese companies' "Going Global" projects for large-value funds and the borrower does not need to apply to the SAFE for overseas guarantee.
ICBC outlets distributed worldwide can be utilized for reasonable arrangements on taxation, legal issues and commercial transactions in connection with loans.
☆ The above is for reference only. Details refer to the rules drawn up by ICBC Phnom Penh Branch. To save your time, please consult ICBC Phnom Penh Branch before applying for the service.