长乐农商银行启动明示企业贷款综合融资成本工作

Core Viewpoint - The People's Bank of China, Fujian Branch, has initiated a program to promote transparency in the comprehensive financing costs of corporate loans, aiming to protect the rights of enterprises and further reduce these costs [1]. Group 1: Components of Comprehensive Financing Costs - Comprehensive financing costs for corporate loans include both interest costs and non-interest costs. Interest costs are typically stated in loan contracts, while non-interest costs encompass various fees such as collateral guarantee fees, pledge supervision fees, bridge or emergency transfer fees, intermediary service fees, syndicate loan fees, and trade financing fees [2]. Group 2: Importance of Transparency - Historically, while interest rates in loan agreements were disclosed, non-interest costs were not. Therefore, it is crucial to disclose both interest and non-interest costs to ensure financial consumers are informed, enhance trust between banks and enterprises, and promote the reduction of overall financing costs [3]. Group 3: Implementation of Transparency - Banks will collaborate with enterprises to fill out a "Comprehensive Financing Cost List" (loan clarity document) before the loan is issued. This document will detail the interest and non-interest expenses, aggregating various costs and calculating annualized rates for each fee, ensuring clarity for enterprises [4]. Group 4: Definition and Benefits of the "Loan Clarity Document" - The "Loan Clarity Document" is a checklist filled out by enterprises and banks during the loan process, which clearly lists not only the loan interest but also various non-interest fees such as guarantee fees, insurance fees, evaluation fees, pledge supervision fees, collateral registration fees, and notarization fees, allowing enterprises to understand their financing costs [5]. - The document enhances transparency of financing costs by presenting a unified view of the components, helping enterprises understand the sources, amounts, and annualized rates of all financing costs. It also strengthens trust between banks and enterprises by demonstrating any fee reductions or payments made by banks on behalf of enterprises, thereby deepening cooperation [6].