Loan Financing

According to the different nature of the business enterprise and operational strength of the customer, the Bank provides the full range of financing options which can be syndicated or bilateral that is tailored to meet the customer's special projects and daily operational needs:
(1) Overdraft
An overdraft provides customers with a direct access to funds to meet their short-term financing needs. Where there are insufficient funds to cover, customers may tap on the overdraft facility, which has a limit that is placed on their account.
(2) Working Capital Loan
Working capital loans are loans granted to customer to meet their daily funding needs to ensure their normal production and business activities.
Such working capital loans are on a revolving basis, where customers may make multiple withdrawals and repayments, subject to the loan period and facility limit that has been set.
(3) Syndicated Loan
Syndicated loan refers to a loan or other credit facilities provided by a syndicated group constituted by multiple qualified banks or other financial institutions to the same borrower based on the same loan conditions and agreement. We may be the mandated lead arranger or a participating bank.
(4) Vessel Financing
(i) Vessel Mortgage Financing
Long term loans can be provided to the ship owner with the ship being mortgaged to the bank. The ship should have been launched, with clear property rights, and no mortgage or occurrence of an event of default. Also, it should have completed all tests and operating licenses, in compliance with all airworthiness requirements and insurance underwriting requirements, where the bank is the main beneficiary listed in the insurance.
(5) Aircraft Financing
(i) Aircraft Mortgage Financing
　　Long term loans can be provided to the airlines with the aircraft being mortgaged to the bank. The aircraft should have been manufactured, with clear property rights, and no mortgage or occurrence of an event of default. Also, it should have completed all tests and operating licenses, in compliance with all airworthiness requirements and insurance underwriting requirements, where the bank is the main beneficiary listed in the insurance.
(6) Project Loan
Project loans refer to loans that we grant to borrowers for their investment projects in building up, expanding, renovating, developing, and purchasing of fixed assets. The project loans have flexible loan terms. We generally grant middle and long term project loans, and also short term ones for temporary turnaround requirements.
The project loans come with multiple combinations. Based on customers’ requirements, we may issue bank acceptances under the projects and non-financing guarantees, and conduct both domestic and overseas trade financing services, etc.
(7) Real Estate Development Loan
Real estate development loans refer to loans that we grant to borrowers used for real estate projects and corresponding facility constructions.
(8) 内保外贷
ICBC Singapore may offer credit facilities secured by standby letter of credit from ICBC branches in China.
(9) 外保内贷
ICBC branches in China may offer credit facilities secured by standby letter of credit from ICBC Singapore.
(10) Internationalisation Finance Scheme (IFS)
IFS is a scheme supported by the Government of Singapore, where through the form of risk participation, the Government of Singapore aims to encourage financial institutions to meet the financing requirements of the local corporate as well as the multinational companies with regional headquarters in Singapore in the development of overseas business.
ICBC Singapore is the first Chinese bank to be admitted into IFS.
Types of Financing Products include:
Asset-backed loans - For overseas investments in factories, land, construction and other fixed assets.
Structured loans - Structured loans and trade finance granted against confirmed sales orders or secured projects.
Banker’s guarantee - Advance payment guarantee, performance bond etc.