Last updated on 28 August 2010, 6.00p.m.
Perform cross-border trade transaction using Chinese Yuan (CNY) at OCBC & OCBC Al-Amin Bank branches and Velocity@ocbc!
CNY Cross-Border Trade Transaction: Goods and Services Are Available
Below are the product/services offered at OCBC & OCBC Al-Amin Bank branches:
- Issuance and Payment of Letter of Credit in RMB
- Bank Guarantee (Payment Guarantee for Goods and Services)
- Inward and Outward Remittances
- Advising, Confirmation and Export Bill for Payment under Letter of Credit in RMB
- Documentary Collection (Import and Export)
- Chinese Yuan (CNY) Foreign Currency Account can be opened for any purposes *New
It’s also available in Velocity@ocbc for Inward and Outward Remittances, Letter of Credit and Bank Guarantee
Telegraphic Transfer (TT) Remittance in Chinese Yuan (CNY)
1. TT Remittance to Mainland of China is restricted to Trade Transaction (Goods and Services) only and it must be proven with relevant documents. *New
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BEIJING
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LIAONING
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HUBEI
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YUNNAN
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TIANJIN
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JIANGSU
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GUANGDONG
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JILIN
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SHANGHAI
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ZHEJIANG
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GUANGXI
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HEILONGJIANG
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CHONGQING
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FUJIAN
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HAINAN
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TIBET
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INNER MONGOLIA
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SHANDONG
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SICHUAN
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XINJIANG
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ANHUI
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HEBEI
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JIANGXI
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SHANXI
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GANSU
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HENAN
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QINGHAI
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NINGXIA
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GUIZHOU
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HUNAN
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SHAANXI
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2. TT Remittance to countries outside Mainland of China (e.g. Hong Kong, Singapore, Australia, etc.) is not required to provide the evidence. *New
3. 12 Digits CNAPS number must be furnished (for CNY funds payment into Mainland of China). *New
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