What Is an Unsecured Promissory Note?

Unsecured purchase of commodity loans is a commodity loan issued by the broker to the exporter when signing a contract with the exporter.

Unsecured purchase of goods loans

Right!

Unsecured purchase of commodity loans is a commodity loan issued by the broker to the exporter when signing a contract with the exporter.

Chinese name

Unsecured purchase of goods loans

Application range

import and export

Types of

loan

Guarantee

Promissory note issued by exporter

Operation method

In exchange, the exporter must distribute a certain amount of goods through a broker within a certain period of time, and even if the exporter is likely to sell the goods directly to the importer, he must also sell through the broker.

Loans for unsecured purchases of goods are usually guaranteed by a promissory note issued by the exporter. The loan amount is generally 25-50% of the price of the goods sold to the broker. The repayment method is to convert the unsecured loan into a commodity mortgage loan. In the future, loans for unsecured purchases of goods have to be repaid within a specified period, which is not the same as the period of supply.