Reimburse Agent Services
Currently Bank of China, New York Branch provides two kinds of Reimburse Agent Services: Reimbursement Collections and Reimbursement Authorization / Payment
Our reimbursement Collection service is to serve our overseas branches, affiliates or correspondent banks acting as their reimbursement claiming agent to claim from the reimbursing bank as nominated in the letter of credit.
Advantage for the Reimbursement Collection Service:
· Shorten the reimbursement claiming time.
· Easy to handle. The negotiation banks only need to send the claim to us by SWIFT messages, and we will claim on their behalf and then credit the proceeds to their accounts.
· The service is suitable to the LC which stipulates a reimbursing bank in USA.
Reimbursement Authorization / Payment
Our reimbursement authorization and payment service is to serve our overseas branches, affiliates or correspondent banks in which our bank acts as the reimbursement agent of letters of credit that they issued.