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Specialized Service Offerings

 

1. Express remittance for the bonded zone: Remittances to and by exporters and importers may be settled among domestic enterprises established outside of the bonded zone upon submission of the following for review: the nature of foreign exchange accounts, the customs declaration bills, the warehousing agreements in the bonded zone (export processing area), the foreign exchange registration certificates in the bonded zone (export processing area), and the subject matters specified by the importers in the column of “Note” of the respective remittance forms.

 

2. Bill repurchase under import L/C: after being issued a usance L/C and completing the acceptance procedure at our bank, each customer may repurchase or discount the underlying usance bill or bank cashier’s check held by the bearer which has been accepted and paid by our bank upon the application of the bearer (or the bearer’s bank). After deduction of the principal and interest of discounting, early payment to the exporter is made under the accepted L/C.

 

3. Purchase order financing: for premium customers who enjoy excellent business relationships with our bank, provided that their primary export settlement method is remittance and their settlement activities are in sound operation, we offer trade financing against the export orders signed by our customers with the respective importers so as to meet their financing needs.