Q：
|
What is foreign debt registration?
|
A：
|
Foreign debt registration refers to that after the debtor borrows foreign debt according to the provisions, it shall register or submit the information of signing, withdrawal, repayment, foreign exchange settlement and sales of foreign debts to the local foreign exchange bureau in the prescribed manner.
|
Q：
|
What is a non-bank debtor?
|
A：
|
Non-bank debtors are domestic debtors other than financial departments and banks.
|
Q：
|
When should the non-bank debtor go through the foreign debt contract registration?
|
A：
|
The non-bank debtors shall, within 15 working days after the signing of the foreign debt contract, go through the foreign debt contract registration with the local foreign exchange bureau.
|
Q：
|
What will be the consequences if the non-bank debtor fails to handle the foreign debt contract registration within 15 working days after signing the foreign debt contract?
|
|
A：
|
If the non-bank debtor fails to handle the foreign debt contract registration within 15 working days after signing the foreign debt contract, but the first withdrawal of the foreign debt has not occurred as of the non-bank debtor’s application date, the foreign exchange bureau may follow the normal procedures to handle the foreign debt contract registration if the non-bank debtor can explain the reasonable reasons. If no reasonable reason can be given, the foreign exchange bureau may handle it as failing to complete the foreign debt contract registration in a timely manner.
|
Q：
|
If there is a change in the foreign debt contract that has been registered, does it need to be changed?
|
|
A：
|
If the main terms of the foreign debt contract that have been registered are changed, such as the term (extension, etc.), amount, creditor, etc., the non-bank debtor should go through the change of the foreign debt contract registration.
|
FAQ
