Product Definition  

　　Inbound remittance refers to a process where a remitter from a foreign country or regions such as Hong Kong, Macau, or Taiwan remits funds through the remitting bank using telegraphic transfer, mail transfer, or draft transfer to Harbin Bank. Harbin Bank, following the remitting bank's instructions, disburses the funds to the designated payee.  

　　Product Features  

　　Compared to letters of credit and collection methods, remittance provides a more streamlined and cost-effective approach. The simplicity of its procedures enhances ease of use, making it applicable across a broader spectrum of trade scenarios. Additionally, telegraphic transfers expedite the payment process, enabling exporters to receive funds more swiftly.

　　Applicable Clients  

　　1. If a customer has high requirements for capital turnover speed or controlling financial costs, inbound remittance is recommended.  

　　2. For non-trade and capital account settlements, remittance should be used.  

　　Application Conditions  

　　1. Enterprises that are legally 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

　　2. Enterprises with strong credit standing and a genuine, legal, and compliant trade background.  

　　Processing Procedure

　　1. Harbin Bank receives the remittance instruction telegram sent by the remitting bank abroad (under telegraphic transfer).  

　　2. Harbin Bank, after confirming the instructions and ensuring the receipt of funds, reviews the identity and transaction background of the payee customer and disburses the remittance to the payee.