Under
this loan, a foreign buyer is able to enjoy the benefits of installment
payments by providing an installment LC open by a creditworthy bank who also
accept the correspond installment drafts or providing a STAND-BY L/C to ensure
the promissory note issued by the buyer will be repaid in time. In principle,
the loan applicant does not need to provide other collaterals, but must get
covered by our bank's medium and long-term export insurance.