The brief introduction of International Banking

WFCCB is the only unit member of SWFIT in Weifang；

WFCCB is the only member of China Foreign Exchange Center in Weifang；

WFCCB is commercial bank with Independent Corporation；

WFCCB own independent foreign exchange correspondent banks and clearing bank web for quick settlement.

WFCCB operate secondary managing mode with high efficiency.

Main service iterms:

1. Outward Remittance and Inward Remittance

Now receiving foreign exchange is much easier with quick and accurate service of WFCCB in China. The only thing you need to do is to fill your account number, name and address in the blank, and then mail the whole remittance way to your overseas remitter, you can successfully receive remittance. If any inquiry, please contact our bank directly, it is our pleasure to offer best service for you.

Our inward remitting route:

(1) Our inward remitting route- U.S. Dollars

A、Our USD inward remitting route through WACHOVIA BANK ,N.A，NEW YORK INTERNATIONAL BRANCH.,please request the remitter to instruct the remitting bank to route the payments as follows:

    Field 56: SWIFT BIC:PNBPUS3NNYC

Intermediary Bank: WACHOVIA BANK ,N.A，NEW YORK INTERNATIONAL BRANCH.

    Field 57: SWIFT BIC: WFCBCNBN A/C NO.2000191004997

Beneficiary Bank:    Weifang City Commercial Bank

    Field 59:

    Beneficiary: Account Number：

              Name：

              Address：

B、Our USD inward remitting route through CITIBANK,N.A.NEW YORK. U.S.A. ，please request the remitter to instruct the remitting bank to route the payments as follows:

    Field 56: SWIFT BIC:CITIUS33

Intermediary Bank:  CITIBANK,N.A.NEW YORK. U.S.A.

    Field 57: SWIFT BIC: WFCBCNBN A/C NO.36255259

Beneficiary Bank:    Weifang City Commercial Bank

    Field 59:

    Beneficiary: Account Number：

              Name：

              Address：

(2) Our inward remitting route-EUR

Please request the remitter to instruct the remitting bank to route the payments as follows:

Field 56: SWIFT BIC: COBADEFF

Intermediary Bank:   COMMERZBANK AG，FRANKFURT

Field 57: SWIFT BIC: WFCBCNBN  A/C NO.400872270400

Beneficiary  Bank:   Weifang City Commercial Bank

Field 59:   

Beneficiary:    Account Number：

Name：

Address：

 (3) Our inward remitting route- JAPANESE YEN

Please request the remitter to instruct the remitting bank to route the payments as follows:

Field 56:    SWIFT BIC: SMBCJPJT

Intermediary Bank: SUMITOMO MITSUI BANKING CORPORATION,TOKYO JP

Field 57: SWIFT BIC: WFCBCNBN  A/C NO.4424

Beneficiary  Bank:  Weifang City Commercial Bank

Field 59:   

Beneficiary: Account Number：

Name：

Address：

(4) Our inward remitting route- H.K. Dollars

Please request the remitter to instruct the remitting bank to route the payments as follows:

Field 56: SWIFT BIC: BKCHHKHH

Intermediary Bank: BANK OF CHINA(HONGKONG) LTD.

Field 57:SWIFT BIC: WFCBCNBN  A/C NO.012-875-60-10469-6

Beneficiary  Bank: Weifang City Commercial Bank

Field 59:   

Beneficiary:    Account Number：

Name：

Address：

2. Export Letter of Credit

We can provide such transactions as advising L/C, transferring L/C, checking up the authenticity of export L/C and negotiating, examining transport documents surrendered by the exporter and presentation of documents.

Our L/C advising route:

WEIFANG CITY COMMERCIAL BANK

    PLS OPEN L/C TO US ADVISED BY WEIFANG CITY COMMERCIAL BANK

    OUR BANK'S INFORMATION AS FOLLOWS：

BANK'S ADD：NO.218 EAST DONGFENG STREET， WEIFANG ，CHINA，261031

    TEL：+86 536 8106017

    FAX：+86 536 8106023

    SWIFT CODE：WFCBCNBNXXX

3 .Import Letter of Credit

We can provide such transactions as issue L/C, amend L/C, receive and examine documents, make payment, acceptance or dishonor

4 .Import bill purchase

Import bill purchase refers to a kind of trade financing. The importer makes agreement with the bank when they open L/C or receive documents, and the bank agree to release documents and make remittance in advance under condition that the importer put their documents and goods in pledge.

5. Shipping guarantee

Shipping guarantee is a written guarantee signed by the bank and issued to the importer for picking up the cargo from the shipping company in the case of arrival of cargo prior to the shipping documents.

Such a kind of trade finance is especially applicable in the case of short shipping voyage and arrival of cargo prior to the documents. 

6. Packing loan

A special loan offered by the local bank to the exporter who has received qualified letter of credit, to be used under items of procurement, production and shipment, so as to support the exporter to implement the contract, effect delivery as scheduled. Packing loan is a pre-loading short-term financing, which enables the exporter to purchase, prepare the material, produce and trade successfully when their capital is not sufficient. 

7. Export bill purchase and discount

Before arrival of remittance of importer, exporter present all set of documents to the bank requested by L/C, the bank can supply short-term trade financing to exporter such as export bill purchase under sight payment credit, and export discount under usance credit.

8. Forfaiting

Forfaiting, also called bill buy-up or bill buy-out, is a kind of trade financing that WFCCB, as the buyer-up, purchases without recourse from the exporter the accepted usance draft so as to provide finance to the exporter.

9. Export collection

Entrusted by the exporter, the bank, with the financial and commercial documents submitted by the exporter, collects payment from the importer via its foreign correspondent banks or sister-branches.

10. Financing under export documentary collection

The bank can provide export bill purchase and discount service for working capital fund of exporters under documentary collection.