Export collection refers that the bank was entrusted by the exporter to collect payment from the importer via its foreign correspondent banks.
BRCB helps exporters collect or accept payment through local bank of importers according to the exporters' instructions. Clients need to fill out Client Proxy and confirm the collection direction and conditions.

Product features:
(1) Brief process and low charge.
(2) Documents are saved by collecting bank, so exporter undertakes lower risk and enhance the competence in international market.
Application conditions:
(1) Client shall have the import/export license.
(2) Select collection on document as settlement instrument when signing import/export contract.
(3) Client fills out Client Proxy and submits export documents to the bank.

Operating procedures:
(1) Exporter provides related documents to entrust the bank for collection.
(2) BRCB delivers the document and reimburse according to exporter's instruction.
(3) BRCB helps client for receiving remittance and declaring international balance of payment according to regulations of foreign exchange.

Helpful tips:
In order to facilitate international settlement, please open RMB or foreign currency account in our bank, by submitting your business license, import/export permit, import/export contract, and any documents needed by the bank.