Outward Remittance Finance
Outward Remittance Finance refers to a short-term liquidity facility whereby Bank of China Sydney Branch advances funds to enterprises to make payments to their upstream suppliers under telegraphic transfer (TT) settlement. It is designed to address timing mismatches between accounts payable and receivable by improving cash flow management.
Feature
- Flexible Support for Trade Payments: Supports both goods and services trade payments, including prepayments and payments upon delivery;
- Improved Liquidity Management: Allows enterprises to make timely supplier payments while awaiting incoming receipts from downstream buyers.
