packing letter of credit

基本解释

For export trade finance, it involves overdraft and loan, packing loan, letter of credit negotiation, outward documentary collection advance, export discount and etc;
其中，出口贸易融资业务涉及了贷款和透支、打包贷款、出口信用证押汇、出口托收押汇、出口贴现等；
Packing Loan: the exporter applies for a short-term loan under original letter of credit used as guarantee. The loan is used to ensure funds for production and shipping.
是出口商收到进口商所在地银行开来的信用证后，以信用证（正本）作为质押向银行申请短期流动资金贷款，用于该信用证项下出口商品的进货、备料、生产和装运的资金缺口。