Describe the procedures of supplier credit according to the numbers given in the following charter. Write your answer on the ANS

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问题 Describe the procedures of supplier credit according to the numbers given in the following charter. Write your answer on the ANSWER SHEET.

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答案①The exporter(supplier)and importer conclude a supply contract with special payment terms under which importer pays for the contract goods by half-yearly installments. ②The exporter and importer make an application to exporter’ s bank and importer’ s bank respectively. ③The importer’ s bank issues a letter of guarantee in favor of the supplier to the supplier’ s bank. ④The supplier’ s bank enters into a loan agreement with the supplier. ⑤Exporter’ s bank files an application for the individual loan agreement to the government’ s export agency, and the loan agreement comes into effect after the export agency approves it.

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