RMB Signature Services
?RMB Negotiated Payment Business
At the request of importing enterprises in China, Bank of China Sydney Branch can provide short term finance for their import cross-border settlements through Bank of China domestic and overseas branches.
?RMB Negotiated Financing Business
At the request of exporting enterprises in China, Bank of China Sydney Branch can provide short term finance for their export cross-border payables through Bank of China domestic and overseas branches.
?RMB LC Transfer-Advice
When a Bank of China domestic branch issues a sight or usance RMB letter of credit at the request of an applicant in China, Bank of China Sydney Branch can, at the instruction of the domestic branch, convert the currency and transmit it to the final advising bank in order to reduce the importing enterprises’ foreign debt quota and to reduce financial costs.
?CNY-USANCE LC Negotiated At Sight Basis
RMB Usance letters of credit issued for importing enterprises that nominate Bank of China Sydney Branch as the negotiating bank can be honoured at sight against the issuing bank’s acceptance advice. This will extend the importer’s term for payment and alleviate funding pressures on the one hand and also enable the exporter to receive payment for the goods sooner thereby improving the exporter’s efficiency in usage of funds.
