Warehouse financing is a business which a corporate client may apply to the bank for loans with its own warehouse warrant or warehouse warrants held by the third party as hypothecation.
a) Simple Procedures, easy to operate;
b) Ways of delivery are flexible during the pledge; enterprises can take a variety of ways to sell;
c) Ownership of the goods does not transfer under warehouse financing, which does not affect the normal production and business activities;
d) Warehouse financing applies not only to financing business, but also to acceptance, guarantee and letter of credit business, enterprises can choose in a flexible way;
e) Financing period and repayment types are also flexible;
f) Enterprise can deliver all good under the warehouse or partly deliver according to its own convenience.
a) Enterprise deposits its own goods into the warehouse admitted by bank of Kunlun, obtains the warehouse receipt issued by the warehousing company after acceptance of goods;
b) Enterprise, bank of Kunlun, warehousing company sign “three party warehouse pledge supervision agreement”;
c) Enterprise signs with bank of Kunlun the loan contract and warehouse pledge agreement;
d) Enterprise uses the pledged receipt for endorsement, items of endorsement are recorded and recognized by the warehousing company, and will deliver to bank of Kunlun bank for custody;
e) Enterprise and bank of Kunlun together issue pledge notification to warehousing company, warehousing company confirms the pledge notification and advises feedback;
f) Bank of Kunlun processes the loan distribution procedures when obtaining loan contract, pledged warehouse, pledge agreement and pledge notification.