Product Definition  

　　Outbound remittance refers to a settlement method where the remitting bank, at the request of the remitter, remits a certain amount of funds to an account designated by the remitter. Remittance methods include telegraphic transfer, mail transfer, and draft transfer, with telegraphic transfer being the most commonly used method. 

　　Product Features  

　　Compared to letters of credit and collection methods, remittance offers more streamlined procedures and reduced costs. The faster processing of telegraphic transfers enables exporters to receive payments promptly, thereby improving capital turnover. Furthermore, the simplicity of the process makes it easier to manage.

　　Applicable Clients  

　　1. Importers with sufficient working capital, whose primary goal is to control financial costs rather than seek financing convenience.  

　　2. For trade settlements where the exporter accepts payment upon delivery but has high requirements for payment speed.  

　　3. Importers and exporters with a strong cooperative relationship and mutual trust, who are willing to agree to advance payment terms.  

　　4. Fees such as document fees, technical fees, and trade-related costs (including freight and insurance) are appropriate for outbound remittance.  

　　5. For final payments in trade settlements, outbound remittance is generally recommended.

　　Application Conditions  

　　1. Enterprises that are legally approved and registered with a valid business license, having undergone annual inspections or possessing other valid documentation that verifies their legal operations and defined scope of business activities; possessing an account-opening permit and having a settlement account opened at Harbin Bank.  

　　2. Required documents: outbound remittance application form and related transaction documents.  

　　3. Outbound remittance must comply with relevant national foreign exchange management regulations, and submit valid documents as required by foreign exchange management regulations.  

　　Processing Procedure

　　1. The remitter submits the Overseas Remittance Application and other materials to Harbin Bank.  

　　2. After review, Harbin Bank sends a remittance instruction telegram to the correspondent bank (under telegraphic transfer).  

　　3. Under telegraphic or mail transfer, the receiving bank disburses the funds to the payee as per Harbin Bank's instructions.