Thus, there will not normally be any post-shipment credit in the transaction from the supplier EOU/EPZ/ SEZ unit’s point of view.PCFC may be allowed only for ‘deemed exports’ for supplies to projects financed by multilateral/bilateral agencies/funds.With the extension of ‘Running Account’ facility, mismatches are likely to occur for a longer period involving cost to the banks.Banks may charge the exporters the funding cost, if any, involved in absorbing mismatches in respect of the prepayment beyond one month period. agro based products like HPS Groundnut, defatted & deoiled cakes, tobacco, pepper, cardamom, cashew nuts, etc.) where packing credit required is in excess of FOB value, PCFC would be available only for exportable portion of the produce.(iii) Substitution of order/commodity Repayment/liquidation of PCFC could be with export documents relating to any other order covering the same or any other commodity exported by the exporter.In case of non-utilisation of PCFC drawals for export purposes, the penal provisions stated above should be made applicable and the ‘Running Account’ facility should be withdrawn for the concerned exporter.(iii) Banks are required to take any prepayment by the exporter under PCFC scheme within their foreign exchange position and Aggregate Gap Limit (AGL) as indicated in paragraph 1.1.4 (iii) (c) above.CCB London is an active participant in the syndicated loan market in Europe assisting clients who have links with China.
Banks will not be eligible for any refinance from RBI against export credit under the PCFC scheme and, as such, the quantum of PCFC should be shown separately from the export credit figures reported for the purpose of drawing export credit refinance.1.2 Diamond Dollar Account (DDA) Scheme Under the Exim Policy 1997-2002, firms/companies dealing in purchase/sale of rough or cut and polished diamonds, with good track record of at least three years in import or export of diamonds with an annual average turnover of Rs.under the counter guarantee of CCB domestic branch or other banks that’s granted an institutional credit line by CCB London.Collections is an easier and cheaper process than a Letter of Credit; the risks are also reduced as the title of goods is transferred only after the importer’s full payment (D/P) or acceptance of a draft (D/A) and, for the exporter, there is also less risk compare with Open Account (O/A) payment terms.The tenor of the syndicated loan is negotiated by and between the borrower and the lenders according to the borrower's production cycle, repayment capacity, and project valuation. CCBLondon is dedicated to UK-China trade loans and has an expert team with specialist expertise in loan management.As such we are able to grant various bilateral loans.No advance payment is required when the exporter arranges shipments; documents are released and goods may be taken immediately against your payment.