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International Remittance

There are three major modes of remittance:
·Telegraphic Transfer (T/T): Fast and safe, but at higher cost;
·Mail Transfer (M/T): Slower, but at lower cost;
·Demand Draft (D/D): Suitable for cash on delivery trade.

They can be further divided into inward remittance and outward remittance based on the direction of fund movement.

Outward Remittance (making payment)
Upon your instructions, China Merchants Bank (CMB) will transfer your proceeds through T/T, M/T or D/D to the overseas beneficiary you designate.

Inward Remittance (receiving payment)
For the sake of your safe and quick reception of the remittance, we suggest that you request the overseas remitter to send the proceeds through T/T, the safest and quickest means.
In a cash-on-delivery cross-boarder trade scenario, you may request the overseas remitter to choose a correspondent bank of CMB, and issue a draft drawn on CMB as the paying bank.

Please follow China Merchants Bank Inward Remittance Guide, and inform the overseas remitter of your account information.

China Merchants Bank Inward International Remittance Guide

To ensure your quicker reception of remittance, please follow the guide below, and request the overseas remitter to precisely provide pertinent details:

For Inward US Dollar Remittance

Please instruct your banker to transfer the USD funds (by T/T via CHIPS) as follows:
Correspondent: Citibank N.A., New York (CHIPS ABA: 0008)
(the name of our correspondent and its CHIPS ABA number or SWIFT code)
Beneficiary's Bank: China Merchants Bank, H. O. Shenzhen (CHIPS UID: 298375)__________
(our bank name and our CHIPS UID)
Beneficiary's a/c no.: _____________________________________________________
(Beneficiary's All-in-one-card account number, bankbook account number or corporate USD account number)
Beneficiary: ________________________________________________________
(Beneficiary's account name: Mandarin Chinese Pinyin for personal name; English for corporate name)
Remarks : /TELE/pay through CMB________________________________________(city)Branch
(Please fill in here the name of branch where you opened your account )

Example (receiving payment from South Africa)

Mr.Zhang Shan has opened an account at CMB Zengcheng Sub-branch of CMB. He is expecting to receive USD1,000 from his uncle in South Africa. Mr. Zhang has an All-in-one-card account at CMB. His card number is 0020-12345678. So Mr. Zhang tells his uncle to provide his bank with the following instructions for the remittance:
Quote
Please instruct your banker to transfer USD 1000 (by T/T via CHIPS) as follows:
Correspondent: Citibank N.A. New York (CHIPS ABA 0008)
Beneficiary's Bank: China Merchants Bank, H. O. Shenzhen (CHIPS UID 298375) Beneficiary’s a/c no.: 0020-12345678
Beneficiary: Zhang Shan
Remarks: /TELE/pay through CMB ZengCheng, Guangzhou Branch
Unquote

Inward Remittance in Other Currencies

Please instruct your banker to transfer the funds by T/T as follows:
Correspondent:__________ (bank), ___________(city) SWIFT Code __________*
(the name of our correspondent and its SWIFT code)
Beneficiary's Bank: China Merchants Bank, H. O. Shenzhen
SWIFT: CMBCCNBS or a/c no._________________________________________ *
(our bank name and our SWIFT code/Account number)
Beneficiary's a/c no.: _________________________________________________
(Beneficiary’s All-in-one-card account number, bankbook account number or corporate USD account number)
Beneficiary: _______________________________________________________
(Beneficiary’s account name: Mandarin Chinese Pinyin for personal name; English for corporate name)
Remarks: /TELE/pay through CMB_____________________________ (city) Branch
*Please select from "China Merchants Bank Correspondents"

China Merchants Bank's Correspondents
SWIFT: CMBCCNBS

Feb. 2006

Currency

Bank Name

A/C No. of CMB

SWIFT

HKD

The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong

600-702153-001

HSBCHKHH

Standard Chartered Bank, Hong Kong

447-094-0258-1

SCBLHKHH

Bank of China, Hong Kong

01287560102920

BKCHHKHH

China Merchants Bank, Hong Kong

20028688

CMBCHKHH

USD

The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong

600-702153-230

HSBCHKHH

China Merchants Bank, Hong Kong

20028939

CMBCHKHH

Citibank N.A., New York

36153383

CITIUS33

JPMorgan Chase Bank, New York

544-7-11070

CHASUS33

Wachovia Bank N.A. New York Int’l Branch

2000191066731

PNBPUS3NNYC

Deutsche Bank Trust Company Americas

04-409-137

BKTRUS33

Bank of China, New York

5003-6008178-000-001

BKCHUS33

Bank of New York, New York

890-0613-831

IRVTUS3N

Bank of America, New York

65503-90127

BOFAUS3N

EUR

Deutsche Bank AG, Frankfurt

951226010

DEUTDEFF

Dresdner Bank AG, Frankfurt

8 025 459 00

DRESDEFF

Bank of China, Frankfurt

1001217007

BKCHDEFF

Banca Nazional del Lavoro, Rome

265178

BNLIITRR

Credit Agricole SA

20533713000

AGRIFRPP

GBP

Barclays Bank Plc., London

90257613

BARCGB22

JPY

The Bank of Tokyo-Mitsubishi UFJ ltd.,Tokyo

653-0408069

BOTKJPJT

Sumitomo Mitsui Banking Corporation

3422

SMBCJPJT

AUD

Australia and New Zealand Banking Corp., Melbourne

315275AUD00001

ANZBAU3M

SGD

Bank of China, Singapore

2101-217-401

BKCHSGSG

CAD

Bank of Montreal, Toronto

3144-1021-052

BOFMCAT2

CHF

UBS AG, Zurich

85579.05 F

UBSWCHZH80A

(The above information is subjected to further updating; please contact the China Merchants Bank before using it.)

  
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