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What are the conditions for handling a usance letter of credit from China Bank?
Conditions for handling a usance letter of credit:

1. The applicant's credit rating in China Bank is BBB or above, and the risk classification result is normal.

2. The applicant has been engaged in international settlement or trade financing business in China Bank for more than one year, and has a good historical performance record in all kinds of settlement and financing business, and has no bad credit record in the credit information system of the People's Bank of China.

3. The transaction between the applicant and the beneficiary has been more than one year.

4. The applicant is in good operating and financial condition.

If the applicant pays the full deposit or takes the full deposit certificate or the full bank acceptance bill as the effective pledge when opening the L/C, the customer rating conditions may be appropriately relaxed.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.