International settlement includes 6 categories: Import Letter of Credit, Export Letter of Credit, Inward Remittance, Outward Remittance, Import Collection and Export Collection.

1 Import letter of credit

If a company wishes to apply for issuance of a letter of credit from CEB for settlement, it should be qualified and authorized by the government to do the import-export business, and is on the name list of import payment in foreign exchange announced by the foreign exchange administration authority, or has the record form for import payment in foreign exchange approved by the foreign exchange administration authority. It should also provide the valid certificates approving such import and import contract as well as the verifying and writing-off instrument and record form for import payment in foreign exchange. Any enterprise that applies for the Letter of Credit with its own foreign exchange or RMB shall open a collateral account with CEB. For the enterprises with good credit standing and recognized by CEB to have a credit line, the latter will agree to issue a Letter of Credit within such credit line.