Trade Service

Letters of Credit

Bank of China - New York can handle your trade service needs quickly and efficiently, utilizing the worldwide network of Bank of China and our correspondent banks.

If you are importers or purchasers
We can offer you the issuance of all types of letters of credit, shipping guarantees, air-release guarantees, process inward documentary bills, and perform inward documentary collections and trust receipt refinancing.

If you are exporters or vendors
We can provide advising and confirming letters of credit coming from your buyers, collect payments in an efficient manner under letters of credit, process outward documentary bills and perform outward documentary collections.

If you are middlemen
We can address your business needs with its transferable letters of credit, assignment of proceeds, back-to-back letters of credit and back-to-back collections.