We can accept a Standby Letter of Credit (SBLC) or Bank Guarantee (BG) in China. The bank that issues the SBLC/BG does not have to be a major (prime) bank. The minimum amount we will accept is 5 million Euros or US Dollars. Banking Rules (The Process) Your Bank's Requirement: The bank issuing the SBLC/BG must have a pre-agreed banking relationship (RMA) with both the Bank of China and the Bank of Nanjing. Step 1 (Pre-Advice): Your bank will first send a preliminary message (MT799 Pre-Advice) to our bank. Step 2 (Our Guarantee): Our bank will reply with its own guarantee (MT799 Bank Payment Guarantee). Step 3 (The Instrument): Your bank will then send the actual SBLC/BG (MT760). Step 4 (Payment): Our bank will check this guarantee and make the payment to you within 7 business days using a final bank transfer (MT103). Our Rules (What We Don't Do) We never pay anything in advance. We do not provide Proof of Funds (POF). All transactions must be directly from Bank to Bank (B2B) using the secure SWIFT system. Compliance We must follow all Chinese banking regulations.
