|
|
 |
|
|
|
|
|
|
Corporate Information
|
|
|
|
|
Corporate Internet Banking
|
|
|
|
|
|
 |
|
|
|
|
|
Exporter’s L/C
| | |  | | |
After receiving the Letter of Credit from issuing bank, our bank will be responsible for the L/C authentication and advise the exporter. We will process the export bills negotiation under export trade and send the bills for reimbursement and collect payment for the exporter.
- Applicable Customers(Who will need this service?)
The beneficiary should be an enterprise with self-operation right or agent right for import & export.
- Applicable Scope
Settlement under overseas and domestic export trade between general economic zone and special economic zone.
- Basic requirements
If beneficiary entrusts our bank to process export bills negotiation, the original letter of credit and full set of bills under L/C should be presented. After collection of the payment, our bank will transfer the payment to the beneficiary’s account. Once the foreign exchange enters into the account, according to the regulation, the extra portion over the maximum limit has to be sold against RMB. We can process the exchange collection as an agent and also export exchange collection for non-local beneficiary. The payment transfer of original currency or RMB converted from foreign currency can be processed according to the regulation of State Administration of Foreign Exchange.
The beneficiary should perform the declaration obiligation of International Balance of Payments, after collection of the payment from overseas.
| | | | | | |
|
|
|
