Under China's Renminbi Trade Settlement Pilot Programme, you can now settle trade deals with your Chinese trading partners in Renminbi (RMB) instead of US dollars. At OCBC Bank and OCBC Al-Amin Bank, we offer you the convenience for all your trade needs dominated in RMB.
Products and Services Offered
OCBC Bank & OCBC Al-Amin 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 opening
|
Velocity@ocbc
|
Telegraphic Transfer (TT) Remittance in RMB
TT Remittance to Mainland China is restricted to Trade Transaction (Products and Services) and it must be supported with relevant documents. TT Remittance to countries outside Mainland of China (e.g. Hong Kong, Singapore, Australia, etc.) does not require to provide any supporting documents. 12 Digits CNAPS number must be indicated for CNY funds payment into Mainland China. Trade settlements can be made in ALL the following provinces/ autonomous regions/ centrally administrative cities in Mainland China
For more information, please visit the People's Bank of China website. | 
