What Does a Credit Broker Do?

Credit intermediaries are credits that play an intermediary connection between credit and lenders and serve as media. In a capitalist economy, commercial credit lends out commodity capital. The role of credit intermediation is as follows: "1. As for industrial capitalists, industrial capital is transferred from one stage to the next, so that the production sectors that are related and connected to each other are linked; 2. As for the merchants, It is carried by one person and transferred to another until the goods are finally sold, turned into money, or exchanged for other goods "(Complete Works of Marx and Engels, Vol. 25, p. 546). In the capitalist economy, credit is lent by banks as monetary capital, and banks are concentrated by borrowers and lenders. The role of credit intermediation is as follows: adjusting the balance of monetary capital between functional capitalists; The person's idle money capital is converted into production capital and circulating capital; Money income of various classes is converted into capital. In short, the role of bank credit intermediaries is to provide capital for functional capitalists. In the socialist market economy, credit intermediary activities continue to exist. Such activities are conducted on the basis of socialist public ownership under the guidance of national policies and plans. ^[1]

Credit intermediary

Credit intermediaries are credits that play an intermediary connection between credit and lenders and serve as media. In a capitalist economy, commercial credit lends out commodity capital. The role of credit intermediation is as follows: "1. As for industrial capitalists, industrial capital is transferred from one stage to the next, so that the production sectors that are related and connected to each other are linked; 2. As for the merchants, It is carried by one person and transferred to another until the goods are finally sold, turned into money, or exchanged for other goods "(Complete Works of Marx and Engels, Vol. 25, p. 546). In the capitalist economy, credit is lent by banks as monetary capital, and banks are concentrated by borrowers and lenders. The role of credit intermediation is as follows: adjusting the balance of monetary capital between functional capitalists; The person's idle money capital is converted into production capital and circulating capital; Money income of various classes is converted into capital. In short, the role of bank credit intermediaries is to provide capital for functional capitalists. In the socialist market economy, credit intermediary activities continue to exist. Such activities are conducted on the basis of socialist public ownership under the guidance of national policies and plans. ^[1]

Divided into real estate transaction credit intermediaries, trade credit intermediaries,

1. Credit intermediary business

Credit intermediary is

Credit intermediary service agencies in developing countries mainly include

Export Letter of Credit Mortgage RMB Loan Contract

Borrower:

Legal address:

lender:

Legal address:

The lender and the borrower have agreed to apply for a RMB loan from the lender using the letter of credit as collateral.

Contract, as follows:

First definition

1. Letter of Credit: The bank issued a letter of credit with the notice number ??.

2. Supervision of settlement income: The borrower's settlement income for letters of credit under Article 1 Clause 1 must be deposited in

The special deposit account opened by the lender and supervised by the lender. If the borrower does not

The loan is repaid in accordance with the regulations, and the lender can take the initiative to deduct from the account. Borrowers may not arbitrarily without the consent of the lender

Withdraw funds from a special margin deposit account.

3 Mortgage: The borrower mortgages the letter of credit under Article 1 to the lender as a loan contract

Guarantee of repayment.

Article 2? Loan Amount and Purpose

1. The loan amount for this contract is ??.

2. The loans under this contract are limited to the working capital required by the borrower for normal production and operation.

Article 3? Duration

The term of the loan under this contract is ?? months from the date of signing the contract.

Article 4? Interest and Expenses

1. The loan interest rate under this contract is an annual rate of ??%.

2. The loan starts from the date of the first withdrawal, and the interest is based on 1 year and 360 days.

Days calculation.

3 The loan settlement date is the 20th of the third month of each quarter and the loan maturity date.

4 The interest due and payable by the borrower shall be opened by the lender from the borrower in a deposit account with the lender

deduction.

5. During the term of the loan, if the People's Bank of China adjusts the RMB loan interest rate, the loan under this contract

Interest rates are adjusted accordingly.

Article 5? Mortgage and Repayment of Letter of Credit

1. The borrower will mortgage the original letter of credit under Article 1 to the lender from the date of signing this contract,

2. After submitting the documents, the borrower guarantees the export bill and authorizes the lender to directly resolve the proceeds of the bill.

Article 6: Statements and Warranties

The borrower hereby makes the following statements and guarantees:

1. The borrower has opened a special margin deposit account with the lender to perform the loan contract.

2. The borrower is an economic legal person engaged in business operations and capable of civil conduct.

Register and register with the laws of the United States and have the ability to execute and perform all civil acts.

3 The formulation, signing and implementation of this contract are in compliance with the laws, regulations, rules and regulations of the borrower's location,

4 Guarantee the timely shipment of goods in accordance with the requirements of the export letter of credit regulations and fulfill the obligations stipulated in the letter of credit.

5. Ensure that the export documents stipulated in the L / C are submitted to the lender for negotiation in a timely manner.

6. Pay interest and return loans on time.

Article 7? Breach

The following events are defaults:

2. The borrower did not ship the goods within the time limit stipulated in the letter of credit.

3 The borrower negotiates the documents under the letter of credit with other amount agencies.

4 The borrower arbitrarily changed the purpose of the loan and misappropriated the loan.

5. The borrower has disintegrated, reorganized or went bankrupt.

6. The borrower violates other terms of this contract.

Article 8? Handling of Breach

??1. After one or more of the above-mentioned default events occur, the borrower must receive a default from the lender

Take proactive and effective measures within 7 days after notification to eliminate and compensate for or possibly cause by the borrower's default

Loss.

2. In this case, the lender is entitled to take some or all of the following measures:

(1) A penalty interest of ??% shall be imposed on the default amount.

(2) Announce the expiration of some or all of the loans, and take the initiative to deduct the loans from the special margin deposit account and

He costs.

(3) Freezing the depositors opened by the borrower with the lender, if the debt of the borrower has not been fully paid,

The lender reserves the right to make further claims.

The adoption of the above measures does not affect any rights of the lender under this contract.

Waive the right of defense.

1. This contract takes effect after being signed and sealed by the lender and borrower, and is valid until the borrower under this contract

It ends when all debts are settled.

2. This contract is governed by the laws of the People's Republic of China.

3 The Chinese original of this contract is in duplicate, and both parties to the contract will hold one copy.

Borrower's official seal: ?????? Borrower's official seal:

Legal representative or authorized person: ??? Legal representative or authorized person:

Year, month, day ^[2]

Credit intermediary