Means of payment in China

Collection

Exports to China

  • Documentary Credit:
    Enables the seller to secure payment before shipping the goods. Option of financing the Chinese ordering party (importer).
  • Collection:
    collection management of trade documents with buyer by the bank in China. Generally with sight payment or draft.
  • Advance payment collateral:
    Performance bond, deposits and also for regular transactions or capital goods.
  • Forfaiting

Payment

Imports from China

  • Documentary Credit:
    a bank’s payment commitment conditional on submitting accrediting export documents.
  • Import remittance:
    collection management of commercial documents with the buyer by the Spanish bank
  • Bank guarantees.
  • Simple transfer:
    common means of payment and collection.