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Clean Collections
2017-10-26
(I) Definition of product
The clients entrust our Bank to handle the collection of financial documents without any commercial documents.
(II) Business characteristics
1. The expense is low, and the bank expense is relatively low;
2. It is safe and secure. It is safer to collect money through the international network between banks
3. The service is convenient. In case the collection bank signs an “immediate credit” agreement with the payment bank/collection bank, the collection time can be greatly shortened.
(III) Applicable objects
1. Clients with trade and non-trade demand for micro-payment;
2. Clients with foreign currency cash (including residual currency) that cannot be exchanged domestically;
3. Clients with demand for the collection of foreign exchange checks, promissory notes, foreign bonds, certificates of deposit and other value papers;
4. Clients who are unable or inconvenient to provide commercial documents for transactions, such as sending high-tech products such as samples and software, seasonal commodity transactions, and intangible trade such as services and technology transfer, etc.
(IV) Business procedure
1. The clients provide the bill to our Bank and apply for review;
2. After the review, our Bank will handle the clean bill registration and send it;
3. The overseas bank will cancel or refund the bill to the clients.
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