Correspondent banking

Intro

In addition to its commercial and retail activities, Bank of China - New York maintains a large correspondent banking operation. For banks all over the world, especially those doing business with China, Bank of China - New York provides a wide range of correspondent banking services to those banks and their customers. Such services include:

Trade Services

• All types of Letters of Credit
• Credit and non-credit trade-related services
• Forfaiting / export L/C discounting

Funds Transfers

• Money transfers
• Foreign exchange transactions
• Remittances to China

Collections

• Reimbursement collections
• Documentary collections

Other Related Services

• Project Finance
• Syndicated loan participation
• Foreign exchange