BOC Singapore >> Corporate Banking >> RMB Services

Corporate Banking

Singapore branch precedes from Bank of China highly internationalised leading advantage, possesses a richly experienced financial company team, and based on deep understanding for China and Singapore relations, provide professional, highly efficient, well-rounded company RMB exchange one-stop service.

RMB Account

1. RMB Current Account

For corporate clients who open current accounts in our bank, they can enjoy the convenience of withdrawing cash and transferring fund at any time.

You'll have easy access to your cash and the system is flexible to operate.

2. RMB Time Deposit Account

For corporate clients who open time deposit accounts, our bank's tenor for time deposit is flexible according to your needs. Special tenor is open for enquiry. The interest bearing is according to the nominal rate or pre-agreed interest rate. Furthermore, the interest rate is negotiable if the deposit amount is large.

The tenor can cover 7 days, 14 days, 1 month, 3 months, 6 months, 9 months as well as 12 months. Other tha above tenor, it can also cover any other months within 1 year, up to 3 years.
The minimum amount for time deposit is only RMB3000.

RMB Loan

1. Oversea Loan Under Domestic Gurantee/Cross Border Loan Under Domestic Guarantee

We will need credit line arranging and splitting letter or SBLC issued by domestic banks in China. When the credit application is approved, our branch will grant the RMB loan to you, no matter your business is in China or other oversea countries/regions.

It is easy, fast and convenient for you to develop your business better. Please meet one of our Relationship Managers and we are going to make sure you can receive the most professional advice.

2. Cross Border Loan Under Oversea Guarantee

Our bank issues SBLCs to the BOC branches in China and they can grant RMB loan to you after the application is approved by their branch.

This product will help all our clients who have such demand in Singapore to utilize credit in different areas. It can make your investment in China safer and easier.

3. Loan Based on RMB Credit Line Arranging And Splitting

This product needs the cooperation betwee BOC branches in China and BOC Singapore branch. After the domestic lead banks provide credit line arranging, our branch will grant RMB loan to you when it meets certain requirements and the application is approved.

Many enterprises, especially Chinese companies have benefited from this product. It's more time-saving and efficient than starting to apply for the loan from scratch .
What is more, we are really proud that BOC Singapore Branch has become the first bank that completed cross-border RMB loan for Shanghai Free Trade Zone, Suzhou Industrial Park, and Tianjin Eco-City.

RMB-denominated Structured Deposits

This structured deposit comprises three components: collateralised RMB-denominated fixed deposits, payment financing, and FX deliverable forward contract ("DF"). With a RMB-denominated fixed deposit as collateral, the bank can provide financing in USD with matching tenor as the fixed deposit and make payment on behalf of the borrower; at the same time, the borrower enters into a DF of the same tenor with the bank to mitigate the FX risks. On the maturity of the financing, the RMB-denominated fixed deposit is converted to USD based on the pre-agreed rate of the DF for repayment of the USD-denominated principal and outstanding interest.

This structured deposit is a flexible and unique product that allows the borrower to quickly take advantage of favourable market conditions and reduce finance costs, without additional credit limit, operation or risks.

Gurantee for RMB Bond

Chinese companies based in China can issue bonds (mostly CP/MTN) directly or indirectly through setting up SPV in oversea countries/regions. Bond can be secured and enhanced by our branch through providing SBLC or signing agreement regarding bond issuing.

By choosing BOC, your bond issuing performance can be greatly enhanced and the cost will be reduced, because it is secured by BOC's credit which will strengthen investors' confidence to a great extent.

RMB Syndicated Loan

A syndicated loan is an efficient financing mechanism and is provided to you by a consortium of at least 2 or more financial institutions under a common set of financing terms governed by the same loan facility documentation. This model of financing is widely applicable for the purposes such as working capital, investments, etc.

The financing can be raised through term loan, revolving credit or other structures to suit your requirement. One of the best aspects of this product is that we have sufficient RMB capital which can meet your long-term financing needs. Moreover we are very experienced in MAL services.

Cash Management& Corporate Online Banking

1. Global Cash Management

Provide you the optimum integrated service, such as account management, liquidity management and cross-border payment management and many more, so as to effectively enhance the efficiency of treasury management in your business.

Streamline processes and optimize operations.
Optimize working capital and save costs

2. Cross-border Two-Way RMB Cash Pooling

On the basis of one-way cross-border RMB cash payments, the service enables transfer of offshore RMB funds back to onshore accounts, allowing two-way flow of onshore and offshore RMB funds.

transfers between onshore and offshore cash pools of MNCs
Enables treasury management, and enhances the monitor of global cash as well as the efficiency in corporate groups' global cash use and management
Enjoy all the other related policies of free trade zone at the same time

3. Corporate Online Banking

Provide RMB account management, payee management, domestic and international fund transfer service etc.