Introduction

The “Payment under agreement with Domestic Branch” referred herein means that, in accordance with prior written agreement with the Head Office/domestic branches (collectively “Domestic Branch”), Bank of China (Mauritius) Limited provides short-term financing under the import trade to an importer recommended by Domestic Branch and properly makes outward remittance as instructed by Domestic Branch.

Features

1. The product is used to meet the short-term financing requirement for importer.

2. Business includes: payment under letter of credit, payment under collection, payment by TT.