Export Trade Settlement

• includes Export Letter of Credit and Export Collection

Export Letter of Credit
A series of service provided to the exporter by the bank in exporter’s country after it received L/C from issuing bank, including advising L/C, taking up and examining documents, presentation, reimbursement etc.

The contents of export L/C include checking up the authenticity of export L/C and amendment of L/C, advising the domestic exporter; transfer L/C, examining transport documents surrendered by the exporter and presentation of documents; deal with trade financing such as negotiating, bill purchase, discounting on the request of clients; inquiry, urging, recourse short payment and interest, by-sending documents; check the credit of importer.

Export Collection:
Entrusted by the exporter, the bank, with the financial and commercial documents submitted by the exporter, collects payment from the importer via its foreign correspondent banks or sister-branches.
        Export collection can be classified into two types, namely documents against payment (D/P) and documents against acceptance (D/A).