Outward remittance: It means the business that our bank assigns the overseas account bank to pay a certain amount to the assigned payee according to the commission of the remitter.
Inward remittance: It means the business that the overseas remitter remits the amount to our bank through overseas bank, and our bank pays the fund to the assigned payee according to the remittance instruction of the overseas bank.
Issuance of import letter of credit: It means the business that our bank issues the documents that the payment obligation will be performed upon expiry to the exporter based on the trade contract according to the application of the importer.
Notification of export letter of credit: It means the business that our bank notifies the beneficiary of the letter of credit after receiving the letter of credit issued by issuing bank, testing the letter of credit or checking the seal.
Audit of export letter of credit: It means the business that the client submits the document required in the letter of credit and original letter of credit to our bank after the shipment of goods, and our bank audits the document and sends document and claims for exchange.
Inward collection: It means the business that our bank prompts the payer (importer) and requires the importer to make payment or accept retirement after receiving the collection document sent by collecting bank.
Export documentary collection: It means the business that our bank accepts the commission or instruction of the exporter to handle the collection of the financial document attached with commercial document or collection of commercial document without financial document, and hands over document by virtue of acceptance or payment. Investment bank