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Financing Platform

Buyer Financing

By：admin     Updated：2014-03-19 11:35:17

 

Buyer financing refers to a way of financing that the borrower (i.e. buyer) applies for credit capitals thru the bank after the delivery is successfully matched, the bank authorizes the Exchange to pledge the warehouse receipt bought by the borrower. Such way allows the dealer to expand their business by the Exchange platform and credit capitals.
 
 
 
Business A obtained the bank credit of 60 million Yuan thru BOCE platform. In early Feb, 2013, Business A forecasted a bull market and then deposit 20% of contract value as margin to buy the contract, and apply for delivery to buy. In case that the buying delivery was successfully matched, Business A might apply for the financing product to purchase such cargo, and sold it for high to make a profit. If the buying delivery was not matched successfully, the Business can earn the compensation for delivery delay (the exact amount please refers to the product contract); also, the dealer might apply for delivery based on the price every day until the buying delivery was successful.
 
 
 
Flow chart of buyer financing

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