Warehouse financing is a business which a corporate client may apply to the bank for loans with its own warehouse warrant or warehouse warrants held by the third party as hypothecation.

　　Product Features:

　　a) Simple Procedures, easy to operate;

　　b) Ways of delivery are flexible during the pledge; enterprises can take a variety of ways to sell;

　　c) Ownership of the goods does not transfer under warehouse financing, which does not affect the normal production and business activities;

　　d) Warehouse financing applies not only to financing business, but also to acceptance, guarantee and letter of credit business, enterprises can choose in a flexible way;

　　e) Financing period and repayment types are also flexible;

　　f) Enterprise can deliver all good under the warehouse or partly deliver according to its own convenience.

　　Business Process:

　　a) Enterprise deposits its own goods into the warehouse admitted by bank of Kunlun, obtains the warehouse receipt issued by the warehousing company after acceptance of goods;

　　b) Enterprise, bank of Kunlun, warehousing company sign “three party warehouse pledge supervision agreement”;

　　c) Enterprise signs with bank of Kunlun the loan contract and warehouse pledge agreement;

　　d) Enterprise uses the pledged receipt for endorsement, items of endorsement are recorded and recognized by the warehousing company, and will deliver to bank of Kunlun bank for custody;

　　e) Enterprise and bank of Kunlun together issue pledge notification to warehousing company, warehousing company confirms the pledge notification and advises feedback;

　　f) Bank of Kunlun processes the loan distribution procedures when obtaining loan contract, pledged warehouse, pledge agreement and pledge notification.