A person needs to borrow money from our company. He said that the wealth company borrows money, the central enterprise commercial paper is pledged, and the financial leasing company guarantees. What d

A person needs to borrow money from our company. He said that the wealth company borrows money, the central enterprise commercial paper is pledged, and the financial leasing company guarantees. What do these mean?

Your company lends money to Fortune Company, and Fortune Company pledges the commercial acceptance bill it received from a central enterprise to your company. At the same time, a financial leasing company provides a general liability guarantee or guarantee for the loan of Fortune Company. Joint liability guarantee.

That is, if the Fortune Company fails to repay the money when it is due, your company can dispose of the commercial note, and the shortfall will be repaid by the guaranteed financial leasing company

Note: the authenticity of the commercial note, the issue of The credit of the drawee, the endorsement of the commercial note, the credit status of the financial leasing company, and the guarantee procedures.

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