Introduction

In accordance with the agreement previously signed with the domestic branches/the Global Trade Services Department of the Head Office of the Bank of China (hereinafter referred to as "domestic branches") or other Chinese banks on the Chinese mainland (hereinafter referred to as "Chinese correspondent banks"), the overseas branches/companies of the Bank of China (hereinafter referred to as "overseas institutions") shall advance the amount payable on the due date under the documentary letter of credit or documentary collection and provide short-term finance for the domestic branches and correspondent Chinese banks.

Features

Meeting the demand of the low-cost overseas funds for domestic branches or correspondent Chinese banks.