XIAMEN INTERNATIONAL BANK is the first bank in China that has been awarded the ISO9001 Certificate (2000 version). With our global network of correspondent banks, we are able to provide you with standardized and internationalized service which will contribute to your expansion to any other markets.

     The services provided by the Bills Department are listed as follows.

1、Issuing L/C (Letter of Credit)...........................................................................▲Top

        Issuing L/C is the kind of service which the bank issues a written undertaking at the request of importers to exporters for the payment up to a stated sum of money, within a prescribed time limit against stipulated documents.

Features:

     Facilitate the international settlement by bank credit;

     Fast and straightforward L/C issuing to beneficiaries in Taiwan.

2、Import Bills for Collection................................................................................▲Top

        Import bills for Collection refers to the collection of the payment from importers (buyers) in accordance with the instruction of remitting bank. At the request of exporters (sellers), the remitting bank will send the required documents presented to the collecting bank in the country of importers (buyers). On the receipt of these documents, our bank, as collecting bank, will notify the importers (buyers) and collect the payment in accordance with the instruction of remitting bank.

Features:

Act as a bridge to further business between importers and exporters.

3、Shipping Guarantee........................................................................................▲Top

XIB can provide guarantee for those importing companies who are eager to get the goods imported before the arrival of relevant documents. Such kind of service is especially suitable for trades in adjacent area. When the goods you import have been shipped to the port of delivery, while the original B/L (Bill of Lading) is still on the way, you are welcome to take this service for the immediate possession of the goods.

Features:

It helps importers get the goods as soon as possible, eliminate storage charges, and reduce the time of obtaining the goods.

4、L/C Advising......................................................................................................▲Top

         We will advise the L/C after examination of its apparent authenticity. And XIB provides timely advising service, which is important for your preparation of shipments.

Features:

Advise L/Cs on the same day when we receive it. Our global network of correspondent banks promises you a timely receipt of L/C.

5、L/C Transferring ...............................................................................................▲Top

If a L/C or part of L/C is transferable, we will transfer the L/C or part of L/C to a third party, i.e. second beneficiary, at the request of first beneficiary.

Features:

It can be transferred to any other exporter as a new beneficiary. Companies benefit from margins with no risks taken.

6、Export Bills for Collection ..............................................................................▲Top

       Export Bills for Collection includes Documentary Collection and Clean Collection. The former requires presentation of Bills of Exchange and Transportation documents which are absolutely necessary for collecting payments from importers; while the latter only requires Bills such as a check, a promissory note and a draft.

Features:

Reliable service , simple and flexible procedures and export financing is available.

7、L/C Negotiation...............................................................................................▲Top

       L/C can be negotiated against the presentation of the original L/C and relevant documents which appear on the face in compliance with the terms stipulated in L/C. And we will airmail full set documents after examination so that we can collect payments from issuing banks.

Features:

     Effect the payment when proceeds is credited to our account.

     L/C issued by banks in Taiwan can also be negotiated without any trouble.

8、Inward/Outward Remittance...........................................................................▲Top

      Inward Remittance is to credit a sum of money to our client's (beneficiary's) account under the instruction of remitting bank; Outward Remittance is to instruct our correspondents to effect payment to drawers at the request of our clients (drawee). Our international correspondent network will contribute to your cash flow, which saves time and cost.

Features:

     The Remittance route is direct and smooth; The credit to your account can be done within 3 days;

     Procedures are simple and less charge is involved.

9、Buying and Selling of Foreign Currency .....................................................▲Top

According to the rules issued by the Bureau of Foreign Exchange, XIB can offer exchange service between RMB and foreign currency.

Features:

     Real-time transaction and Real-time credit to your account;

     Such transaction can be dealt in different currencies.

H O M E | E V E N T S | J O I N C O N T A C T F E E D B A C K



Xiamen International Bank © All Rights Reserved 2002
Address: Xiamen International Bank Building, 8-10 Lu Jiang Road, Xiamen, the People's Republic of China
Phone:86-592-2078888 Fax:86-592-2988788 SWIFT:IBXHCNBA
E-mail: xib@xib.com.cn