Clean collection refers to the collection of financial documents without any commercial documents entrusted by the bank by the customer。
Product function
Used to meet the needs of international trade settlement, can be divided into D/P.And D/A.Two ways。
Product features
1.Low cost。Bank fees for clean collection are relatively low。
2.Safe and sound。There are greater risks than direct payment by mail to the payer, and payment through the international network between banks can avoid these risks, which is a safer way to collect money。
3.Convenient service。If there is an "immediate credit" agreement between the collecting bank and the paying bank/collecting bank, the collection time can be greatly shortened。
Applicable customer
1.Small payments under trade and non-trade。
2.Foreign currency notes (including scrap coins) that are not convertible in China。
3.Collection of foreign exchange checks, promissory notes, foreign bonds, certificates of deposit and other valuable documents。
4.Transactions where it is not possible or inconvenient to provide commercial documents, such as sending samples, trading of high-tech products such as software, trading of seasonal goods, and intangible trade such as services and technology transfer。
Application conditions
Approved and registered according to law, with annual inspection of the legal person business license or other effective documents to prove the legality and scope of its business。
Business process(Solid line when collecting directly from the paying bank)
2.We will send the collection documents to a foreign collecting bank for collection。
3.The foreign collecting bank presents the bill to the drawee and the drawee pays at face value。
4.The foreign collecting bank will pay the amount collected to our bank, and our bank will pay to the payee。
Warm reminder
1.Clean bill collection is applicable to all kinds of trade and non-trade bills and valuable documents collection;
2.The quoted currency of a bill for collection shall generally be convertible currency;
3.It is difficult to collect bills that indicate restrictions on the circulation area on the surface;
4.Endorsed and transferred instruments are prone to fraud risks such as forgery and alteration, and you should pay attention to prevention;
5.Unfamiliar instruments, especially large amounts, or the credit of the issuing bank is questionable, prone to fraud;
6.Large bills used for investment, loan, mortgage and other purposes are prone to fraud。