That is, to guarantee foreign debt, domestic borrowers apply to domestic banks to issue financing standby letters of credit or financing guarantees, and overseas banks provide foreign debt loans (including local and foreign currency) to domestic enterprises.
Domestic guarantee applicants apply to domestic banks to issue financing standby letters of credit or financing guarantees, and overseas banks provide loans to overseas borrowers.
Overseas guarantee applicants apply to overseas banks to issue financing standby letters of credit or financing guarantees, and domestic banks provide loans to domestic borrowers.
To borrow or not to borrow? Borrow only if you can repay!
