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.