Corporate Banking

Introduction

  

It is a financial service in which XIB collects proceeds of goods from domestic importers against delivery f relevant commercial documents upon the delegation of an overseas bank. After the overseas exporter sends goods for shipment, it will send documents to local bank requiring the bank to collect payment on its behalf. As long as XIB receives relevant document sent from overseas bank, it will present these documents to domestic enterprises and collect payments. Import collection has two forms which are documents against payment (D/P) and documents against acceptance (D/A).

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