※ Letter of credit

When you and the exporter agree to settle the trade payment by letter of credit, you can choose Bank of Communications' import letter of credit business. Based on your application, Bank of Communications will open a letter of credit to the exporter, and upon receipt of a full set of documents sent by the bank entrusted by the exporter, and after reviewing the conformity of the documents, the bank will accept or make payment to the exporter or other designated person.

In order to enjoy the convenient and fast export L/C service of Bank of Communications, you can contact the importer and request the issuing bank to designate Bank of Communications as the notifying bank of the L/C, so that Bank of Communications can notify you of the L/C at the first time and provide the export L/C service such as the subsequent delivery of documents. By means of telegraphic opening, Bank of Communications can receive the letter of credit in real time and deliver the letter of credit information to you at the first time.

※ Collection

When you need to receive or pay for goods from abroad by means of collection settlement in the course of cross-border business, you can choose Bank of Communications' international collection service.

※ Remittance

Remittance is a business in which a remitter, upon the remitter's request, remits money to a receiving bank through its account bank or intermediary bank, and the receiving bank disburses the money to a designated payee.