1, Silver Star International Express

CCB Silver Star International Express Remittance Service is a personal international express remittance service jointly launched by CCB and Silver Star International Express Remittance Company. It refers to the small-scale international remittance business that CCB accepts the entrustment of customers to remit personal foreign exchange remittances or personal foreign exchange funds abroad through Yinxing Express Company.

2. International settlement methods

(1) letter of credit

A letter of credit is a written document issued by a bank according to the instructions and requirements of its customers. Generally divided into irrevocable documentary credit and revocable documentary credit. The latest UCP600 stipulates that banks cannot open revocable letters of credit. (Note: Irrevocable letter of credit is usually used)

Letter of credit business involves six parties: applicant, issuing bank, advising bank, beneficiary, negotiating bank and paying bank.

(2) Collection

Collection refers to the settlement method that the exporter issues a bill of exchange together with the freight documents and entrusts the bank at the place of export to collect money from the import enterprise through the collecting bank at the place of import. Collection, also known as single collection, can be divided into D/P and D/A according to different presentation conditions.

(3) Remittance

Remittance refers to the settlement method that the payer pays the money to the payee through the bank according to the agreed time and conditions. Remittances are divided into letter transfer, wire transfer and draft.

Extended data:

The basic procedures and formalities of international wire transfer are:

1. The remitter fills in the telegraphic transfer application, pays the remittance to the remittance bank, and obtains the telegraphic transfer receipt.

2. The remitting bank sends a telegram or telex to the remitting bank, and sends a telegram to the remitting bank for confirmation, so as to check the message.

3. After receiving the telegram, the remittance bank will send a telegraphic transfer notice to inform the payee to withdraw money.

4. When the payee draws money from the remittance bank with the notice in duplicate, he must stamp the receipt of the payee and hand it over to the remittance bank so that the remittance bank can pay the remittance.

5. The remitting bank sends the paid debit notice to the remitting bank to complete the wire transfer remittance.

Baidu Encyclopedia-China Construction Bank