RMB International Settlement Service Products

The RMB Letter of Credit

The RMB Letter of Credit is a written commitment by our Bank issued after a request by an importer that RMB payment will be made to the Exporter provided that the terms and conditions stated in the LC been met, as evidenced by the presentation of specified

Applicable customers：

Applicable for all importers, especially the importers who trade with China.

The RMB Re-remittance Business

The RMB Re-remittance is when domestic importer or other current or capital project is doing outward payment, they entrust domestic branch to arrange our branch to do an offshore RMB exchange, and pay the exchanged amount directly to their offshore beneficiary.

Applicable customers：

Domestic importer or other current or capital project who’s doing outward payment

The RMB Re-transfer Business

The RMB Retransfer is when domestic exporter or other current or capital project doing a receipt of foreign exchange under international settlement, they entrust the domestic branch to arrange our Branch to do an offshore RMB exchange at the confirmed rate for them.

Applicable customers：

Domestic Exporter or other current or capital project who’s doing outward payment.

Customer Service Hotline:

Trade Finance Department

Business Hours： 9:00-15:30

Tel：+27 11 520 9662/9805

Email：tfd@boc.co.za