Loan issuance:
Loan issuance refers to the business of the Lao Chinese Bank to open import letters of Loan for customers without charging the full amount of deposits, and is used to meet the short-term funding needs of importers under the import letter of Loan.
Handling process:
1. At the request of the importer, our bank shall approve the Loan line for the importer based on its solvency, performance record, and guarantee conditions. This line is subject to balance control and can be recycled. The importer can be fully or within the limit. Part of the issuance deposit is exempt; if the importer fails to obtain the Loan line in advance, a single Loan review method can be adopted;
2. Our bank accepts the importer's application for issuance of a license, occupying the Loan line (or a single Loan) for external issuance;
3. After receiving the letter of Loan submitted by the exporter, our bank will deduct the importer’s payment for external payments after verification, and release the relevant Loan line at the same time.
