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 You Are Here: ICBC Brussels Branch >Products & Services >Corporate Business >International Settlement Business
International Settlement Business
 

Import L/C
Brief Introduction
Your company can choose ICBC Brussels Branch for the import L/C business when your company agrees to settle the trade payment by L/C with exporters. ICBC will issue the L/C to exporters based on your company's application after ICBC receive the full set of documents of the exporter's bank and documents are consistent with L/C after the examination and verification, and make prompt acceptance or payment to exporters or designees by exporters.

Advantages
ICBC's all domestic and foreign organizations have achieved the integrated management of international settlement business. ICBC Brussels Branch will make concerted efforts to carry out business cooperation with other domestic and foreign branches. Therefore, your business will be handled in more standardized, efficient and accurate manner if your counterparties are also the international settlement clients of ICBC's other domestic and foreign branches, and business handling costs can be minimized.

Target Clients
1.Importers with the settlement by L/C, especially suitable when counterparties are also clients of ICBC;
2.Importers with trade financing needs such as import bill advance and import bill discount, etc.

Export L/C
Brief Introduction
In order to enable your company to enjoy ICBC's convenient and fast export L/C business, ICBC recommends your company to request importers and then issuing banks to designate ICBC Brussels Branch (BIC CODE: ICBKBEBB) as the notifying bank of L/C so as to notify the issuance of your L/C at the very first time. ICBC can receive the real-time L/C through SWIFT and deliver the L/C information to you by e-mail or fax at the very first time.

Advantages
The international settlement between ICBC's all domestic and foreign organizations have been integrated. ICBC Brussels Branch will make concerted efforts to carry out business cooperation with other domestic and foreign branches. Therefore, your business will be handled in more standardized, efficient and accurate manner if your counterparties are also the international settlement clients of ICBC's other domestic and foreign branches, and business handling costs can be minimized.

ICBC Brussels Branch will appoint experienced international settlement experts to provide you with expert technical guidance of banking business, such as bill advisory and document pre-examination, and lay the solid foundation for your smooth recovery of payment for goods after the goods are shipped out.

Target Clients
1.Exporters that have little understanding of importer's credit position and need importers to provide bank credit payment promise;
2.Exporters with trade financing needs such as packing loan, export bill purchase, export bill discount and forfeiting, etc.

Import Collection
Brief Introduction
ICBC Brussels Branch will prompt your company for the payment/ acceptance according to the instruction by the remitting banks after receiving the collection documents sent by the foreign remitting banks, and your company will obtain the documents and collect the imported goods after the payment/ acceptance. Services offered by ICBC include: notification, acceptance, payment and contact with foreign remitting banks and exporters, etc.

Advantages
ICBC can offer import collection bill advance business for your company to solve the short-term financing problems so as to obtain the imported goods as early as possible to arrange the processing or sales and improve the capital operating efficiency.

Target Clients
Importers that make the settlement by collection on documents according to the stipulations in contracts.

Export Collection on Documents
Brief Introduction
Your company can submit all the documents required by the import and export documents to ICBC Brussels Branch after the goods are shipped out. ICBC will promptly examine and verify the documents and send the documents to the local bank of the import area designated by your company to handle the consignment collection procedures.

Advantages
ICBC will help your company to answer the professional problems related to the collection on documents and enable you to smoothly recovery the payment for goods within the shortest period of time.

Target Clients
Your company has shipped out the goods and prepared the complete documents required by the import and export contracts.


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