Corporate Demand Deposits Demand deposits take the form of deposits in the settlement account and in the fund account of businesses and non-profit organizations, and may be withdrawn at any time. Demand deposits are managed by account. There are four types of demand deposit accounts, namely basic deposit account, general deposit account, temporary deposit account and special-purpose deposit account. Target Client Businesses, non-profits, government agencies, military units, associations, proprietors and individuals within the PRC who are eligible according to PBC regulations may open a demand deposit account at a CCB branch. InterestInterest rates are set by the PBC. Interest on corporate demand deposits are paid at the rate published on the date of interest settlement, even though the rate may have changed between the date of depositing and that of interest settlement. Open a Demand Deposit Account 1、Basic Deposit Account A basic deposit account is one that the depositor uses for day-to-day account transfer settlement and cash receipt & payment. It is the only type of account available for the withdrawal of salaries and bonuses. Each depositor is restricted to one basic deposit account at the bank.(1)The following depositor may apply for a basic deposit account at the local CCB branch a legal-person business; a branch that operates independently within a legal-person business; a treasury department that manages budgetary and extra-budgetary funds; a government agency or non-profit that operates on the government budget; a military or armed-police unit above the county level; a foreign institution in China; an association; a cafeteria, hotel or kindergarten affiliated with an organization; an organization"s permanent office in a city away from the headquarters. a proprietor or independent contractor. (2)The depositor must present one of the following documents when opening a basic deposit accountthe original copy of its legal-person Business Permit or Operations Permit issued by the local industrial and commercial administration; a statement of approval from the central or local organizational structure committee, human resources department, or civil affairs department; a statement of approval from a military unit at or above the corps commander level, or from the finance department of the armed police headquarters; a statement of approval from the organization with which the depositor is affiliated; a statement of approval from the competent authorities of the city where a permanent office is located; an outsourcing agreement signed by both the contractor and his/her client. 2、General Deposit Account A general deposit account is used by a branch that does not operate independently and that is located away from the parent organization that holds a basic deposit account. The depositor may use the account for transfer settlement or cash payment, but may not make cash withdrawal. (1)The client is eligible to open a general deposit account at a CCB branch if:it receives a loan from CCB branch it is a branch that does not operate independently and that is located away from the parent organization that holds a basic deposit account (2)The client must present one of the following documents to the bank when opening a general deposit accounta loan contract or loan receipt a statement of approval from the basic account depositor with which the dependent branch is affiliated 3、Temporary Deposit AccountA temporary deposit account is one opened for temporary operations. The depositor can use it for transfer settlement or for accepting or paying cash according to regulations.(1)The client may apply to a CCB branch for a temporary deposit account if:it is a temporary office away from the headquarters; and the account is necessary for temporary operations. (2)The depositor must present one of the following documents when applying for a temporary deposit accounta temporary license issued by the local industrial and commercial administration; a statement of approval from the local competent authorities for the establishment of the temporary office. 4、 Special-purpose Deposit AccountThe special-purpose deposit account is one opened for special purposes. (1)The client may apply to CCB for a special-purpose deposit account for the following types of fundsfunds for capital construction funds for renovation Funds for a special purpose and meriting a special account (2)The client must present one of the following documents when opening a special-purpose accounta statement from competent authorities approving the project; An acceptable government document Fixed Asset Loan Standard DefinitionThe fixed asset loan is a medium or long-term RMB or foreign currency loan made to the borrower for the construction, purchase or upgrading of fixed assets projects or supporting facilities.OverviewA business or non-profit registered with the industrial and commercial administration may apply for a fixed asset loan when building plants, purchasing equipment or investing in other fixed assets. The borrower must meet the requirements of the “Loan General Principles” and those of the bank. Its projects must meet the following requirements: compliance with industrial policies and the bank"s credit policies; a capital ratio of at least 20%; definite sources of guaranteed supporting funds; advanced and adaptable technology and equipment; reliable sources of raw materials, fuel and energy, and compliance with environmental standards; marketable products, competitiveness and reasonable returns that supports repayment; project management of green-field project.UseThe loan is primarily used for the construction, purchase and upgrading of fixed asset projects and supporting facilities.CategoriesThe loan may be either a capital construction loan or a technological renovation loan.The capital construction loan is a medium or long-term loan used for capital construction, whether major, large-scale, medium or small projects. The technological renovation loan is a medium or long-term loan used for technological renovation, and may be either an upper-limit or lower-limit loan.Currencies and Terms1. Currencies: The loan is offered in both the RMB and foreign currencies.2. Terms: For the capital construction loan, three years maximum for small projects, eight years maximum for large or medium projects, with the actual term determined according to project evaluation. For the technological renovation loan, generally five years for the upper-limit loan, six years maximum; generally three years for the lower-limit loan, five years maximum; with the actual term determined according to project evaluation. PriceSet according to PBC or CCB regulations on loan interest. Service Providers and NetworksThe corporate services departments of CCB branches market the loan. They process applications, assess projects and provide customer services.Client Process1、ApplicationWhen the client files a loan application, it must provide: its operations permit; institutional code certificate; legal representative identification certificate; loan certificate; financial statements and auditing reports verified by a treasury department or a CPA firm for the previous three years and the previous month (if the business is less than three years old, it must provide all available financial statements); tax registration certificate; corporate contract or charter; list of directors, executives, and financial managers, and a sample of their signatures.If the application is made by an authorized agent, the original copy of the legal representative"s authorization letter must be provided; if the client is a limited liability company, joint-stock company, joint venture or contractor company, documents that indicate the board of director"s or the contracting organization"s consent to the application must be provided. Guarantor-related Documents; the client must provide background information on the project before applying for a “Statement of Loan Intent.” Before the client applies for a “Statement of Loan Commitment” and for a loan, it must provide: a project feasibility study; project budget information (original copy or photocopies); report on project preparation; documentation of self-raised funds, of measures to raise capital construction funds and operating funds not covered by the loan, and of sources of funds already raised; other documents required by CCB.2、Sign the ContractIf CCB approves the loan, it will sign a loan agreement and a guaranty agreement with the client. If the CCP does not approve the loan, it will notify the client in a timely and definite fashion. 3、GuarantyAfter signing the agreement, the borrower must provide a third-party guarantor, mortgages or pledges. It may need to register the mortgage, purchase insurance for the mortgaged property, or deposit the pledged rights with the bank.4、Loan DisbursementWhen the client completes the above procedures, the loan contract comes into effect. The bank may disburse the loan to the borrower, who may withdraw the loan amount for the uses specified in the contract.5、Repayment. The borrower must repay the loan on time.自己删选一下.....