RMB advance settlement remittance is one of the special services of the Bank, when customers remit to China, the Bank will lock the RMB exchange rate upon remittance, enabling the receiver in China's Mainland to receive in full amount of RMB at the exchange rate determined on the very day of remittance, eliminating the exchange risk between foreign currency and RMB caused by fluctuations in exchange rate.

• The available currency is USD.
• The service can help avoid exchange loss due to fluctuations in exchange rate.

• Any customer having a demand deposit account in the Bank can apply for the service with valid identity document.

When submitting the remittance application form, the remitter shall provide personal particulars and the payee’s information as follows:

• Payee’s Name, contact number, 18-digit Chinese ID number, account number
• Name and address of beneficiary bank or swift code
• Remittance amount

If the payee has reached the above-mentioned annual limit of exchange settlement, the remittance transaction will be unsuccessful and correspondent banks in China will refund to the remitter which may cause the individual to undertake exchange risk.

Clause marked* is regulated by the State Administration of Foreign Exchange of China.