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Trade Finance
 

ICBC New Zealand is a wholly owned subsidiary of Industrial and Commercial Bank of China Limited (ICBC China). The largest state owned Chinese Bank with a global network covering 46 countries and regions across Europe, America, Asiapacific, Africa and provides a full range of trade products which are tailored to meet our customers’ import and export businsses.  With the support of the ICBC global network we can tailor-make trade solutions to support our clients’ global business developments.

 

ICBC New Zealand trade finance solutions cover from the realm of Letter of Credit.("L/C"), 

Collection to Open Accounts. Our main products are as follows:

 

☆ Export Trade Finance products:

Export L/C advising, including its amendment

- Negotiation of export L/C documents

L/C confirmation (independent undertaking)

- Financing under confirmed L/Cs

- Discounting of usance LC bill

Transfer L/Cs

- Outward documentary collection: D/P and D/A

- Factoring

- Export refinancing

 
☆ Import Trade Finance products:

Import L/C issuance, amendment and acceptance.

- Import L/C bills financing

Inward documentary collection: D/P and D/A

- Import invoice financing

- Standby L/C issuance

☆ Our special L/C products and services:

1.Import and export L/C in CNY as denominated currency 

2.Dual currency L/Cs: Allow your Chinese trade partner to issue L/Cs in CNY, 

but you can still receive the L/Cs in USD, NZD or any other currency of your choice. 

3.
 Cross-border Document Presentation under Export L/C: you may present L/C documents

through any of your preferred ICBC branches in mainland China, while the payment

received under the L/C will be credited to your account with ICBC New Zealand.

 Other services:

Our trade Finance team also offer Guarantee business to meet our clients’ business demand. 

We issue and reissue guarantees including but not limited to Performance Guarantee,

 Advance Payment Guarantee, Bid Bond, Leasing Guarantee, etc.

☆ Customer benefits:

1.Advantage on funding the L/Cs issued by Tier 2 and Tier 3 regional small Chinese banks.

2.Highly efficient documents processing team providing 24 hour service.

3.Free of charge pre-checking of L/C documents to rectify discrepancies prior to

presentation of original documents to issuing bank.
 
4.Great convenience in communication:Provides multi-language service in Chinese and

English and able to communicate with China domestic banks efficiently.


5.Competitive pricing.

6.Global network connecting you to Europe, America, Asia-Pacific and Africa.

☆ Contacts:

For further information, please contact:

Contacts
Phone
Email
Sarah
09 3747246
shi.zou@nz.icbc.com.cn
Truda
09 3747299
truda.zhu@nz.icbc.com.cn
Eric
09 3747274
eric.huang@nz.icbc.com.cn

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