Established in 1912, Bank of China, one of the “Big Four” banks in China, is the number one international trade finance bank in China and with the most extensive international branch network among all Chinese banks. As of December 2008, Bank of China has over $1 Trillion in assets and over $12.8 billion in pre-tax profit for the year of 2008. In this turbulent financial market, please be assured that Bank of China can fulfill your businesses' needs with Strength, Stability and Skills.
Bank of China, New York, is one of our three branches in the U.S. and a FDIC member. We, Letter of Credit Department within the Bank of China, New York, provide full range of trade related services, such as, Forfaiting, Factoring, Export L/C Discounting, Import L/C Issuance, Standby L/C Issuance, Inward and Outward Documentary Collections, etc.
We handle more than $2 billion trade finance business annually and have already established relationships with major clients in the U.S., companies.
For your information, Bank of China won the “Best Trade Finance Bank in China” and “Best Cash Management Bank in China” in The Asset Triple A Transaction Banking Awards 2006. In addition, the Global Finance magazine named Bank of China the “Best Trade Finance Bank in China” in 2004 and 2005 for two consecutive years. Also, Bank of China was the sole banking partner of the Beijing 2008 Olympic Games.
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 system 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
· Forfeiting and Factoring Business
· Reimburse Agent Services
Such a broad range of services coupled with a supportive global network allows us to flexibly structure a trade service plan tailored to your needs. In case of need, please do not hesitate to contact us.
Tel: 212-935-3101 Ext. 3266, Ext. 3282 or Ext. 3272
Fax: 212-486-0540 or 212-308-4891