Trade finance under Structured Deferred Payment Guarantee means trade financing as described below: upon a Structured Deferred Payment Guarantee issued by another bank, for example CCB domestic branches, in favor of the customer and restrictively transferred to the bank, after assignment of the rights of accounts receivables, the bank offers the customer (exporter) upon its application a short-term loan in an amount equal to a proportion of the accounts receivable under export collection, and the proceeds received under such export collection shall be first applied to pay off the principal and interest of the loan.

Bank’s Aval under Usance Draft means trade financing as described below: at the request of corporate customer (importer), the bank offers the customer a form of bank’s guarantee on the credit standing and solvency, which happens when the exporter is in doubt of the creditability of importer for international trade to be settled by D/A. In so doing, after the usance drafts or bills of exchange are accepted by the bank, an endorsement with the words "PER AVAL" or "GUARANTEED PER AVAL" is signed, stamped or written directly onto drafts by the bank or its authorized signatories, which represents an irrevocable responsibility of the bank as guarantor.

Trade finance under Bank’s Aval means trade financing as described below: upon Usance Draft under D/P is accepted and guaranteed by another bank, for example CCB domestic branches, the bank offers the corporate customer upon its application a short-term loan in an amount equal to a proportion of the accounts receivable under such export collection, and the proceeds received under such export collection shall be first applied to pay off the principal and interest of the loan.