International Settlement
We have a network of over 350 banking offices across the country, which covers more than 40 big cities in China. All of these branches and sub-branches are ready to receive customer requests for international settlement transaction, including international payments, letters of credit, letters of guarantee as well as documentary and clean collection. Through over 2000 account managers we offer unique services to our corporate clients. Meanwhile, with centralization of operation into bill centers in Shanghai and several regional headquarters, our capability for documentary processing has been significantly expanded. Via channeling your business through SPDB network, you and the customers will also benefit from the professional and efficient services of our bill centre experts as well as local account managers. Trade Finance
We cooperate with correspondent banks in over 100 countries to promote international trade business between our clients and the buyers & sellers from the rest of the world. Factoring and forfaiting are today also most popular products among Chinese importers or exporters, who wish to better manager their account payable or receivable. As a member of Factor Chain International, we share the knowledge of importers /exporters and the risks with many international factors. Meanwhile, we also take an active part on the forfaiting secondary market to mitigate our foreign country exposure. Besides, we are always interested in discussion of new products or cooperation methods with our correspondent banks in order to find a more convenient way of settlement for our clients. Treasury and Markets
SPDB is an active participant of the global financial markets. Our dealing counterparts and cooperation partners include major international commercial and investment banks, with many of which we have entered into ISDA agreement. We serve both corporate and private clients by offering them a variety of investment products and instruments and helping them to hedge and increase their asset value. Equipped with most advanced information system, dealing machines and risk control system, our dealing room connects the world financial markets to make trading on MM, FX, derivatives, gold, fixed income and etc. For more information, please contact SPDB treasury and markets :
Reuters Dealing Code: SPDB
Tel: 0086 21 38789713/15/16/17/18
Fax: 0086 21 58873771 Local Currency Loan against foreign bank’s guarantee
For foreign invested companies, which are just starting their business in China, it might be difficult to obtain any credit facility from local banks without a third party guarantee or valuable collateral. In such kind of cases, a guarantee offered by the foreign bank which maintains long year relationship with the parent company, will be the most easy and effective way to secure their borrowing from Chinese banks. Since 1998 the State Administration for Foreign Exchange allowed Chinese banks to bear foreign contingent liability, we have already cooperated with many international banks in over hundred cases by accepting their letter of guarantee or standby letter of credit. For detailed information, please contact our bank relationship managers. Custody Accounts
We offer custody account service to QFII, the foreign financial institutions who have obtained license to make their own portfolio investment on the Chinese stock market or invest on behalf of their clients. |
