Liquidation standard: according to the payment agreement signed by the allies, the importer's clearing bank will immediately credit the exporter's clearing bank account after receiving the freight documents sent by the exporter's clearing bank, and notify the exporter's clearing bank to debit the importer's clearing bank account with a "credit notice". This standard of settlement is basically the same as that of cash transaction, that is, the order is paid in China.
There are several types of commercial banks: local commercial banks include Taiyuan Commercial Bank, Bank of Beijing, Bank of Shanghai and Yantai Housing Savings Bank. There are a large number of such banks, and local commercial banks are reorganized and established on the basis of the original urban credit cooperatives. Joint-stock commercial banks include Bank of Communications, China CITIC Bank, China Everbright Bank, Minsheng Bank, Ping An Bank, Shanghai Pudong Development Bank and Huaxia Bank.
Commercial bank, abbreviated as CB in English, is a kind of bank, whose duty is to act as a financial institution of credit intermediary through deposits, loans, remittances and savings. The main business scope is to absorb public deposits, issue loans and discount bills. General commercial banks have no right to issue money, while traditional commercial banks mainly focus on deposits and loans.