Trade Service

Intro

Bank of China is the pioneer in facilitating international trade business for customers doing business with China. Our experienced staff have leveraged this long tradition to serve your bank and your customers in all areas of international trade settlement.

Our in-house Letter of Credit software application system, which is connected to the SWIFT, GPS, communication system and accounting system, features a time-stamped automatic payment trading service to ensure your export receivables or import payables are paid in a timely manner.

Our full range of services for both domestic and international trade includes:

• Issuance of commercial, back-to-back and standby letters of credit
• Shipping guarantees and air-release guarantees
• Trust receipt financing
• Inward and outward documentary collections
• Advising, confirming, transferring, negotiating and discounting export letters of credit
• Assignment of proceeds and collection of payments under export letters of credit

Such a broad range of services coupled with a supportive global network allows us to flexibly structure a trade service plan tailored to the needs of your bank and your customers.