![]() Payment details – payment details and business category codeword which you can choose from attached link.Beneficiary’s bank’s branch 12-digit code – CNAPS number (CN).īeneficiary’s bank: CNxxxxxxxxxxxx, BANK OF CHINA, NO.1 FUXINGMEINEI ST.Beneficiary’s bank (branch) BIC (SWIFT code).Beneficiary’s bank name, address and branch name.International payments in CNY between Companies are allowed only for Chinese Companies which have local license to receive international payments in CNY.īank has the right (as per correspondent bank requests) to require and customer has liability provide to bank export-import documents or other trade documentation. ![]() Procedure of preparing payment orders in CNY (Chinese renminbi yuan)Īccording to Chinese Republic law International payments in CNY are not allowed from/to private persons. Introduction of SEPA enhances standardisation, automation of transfers and reduction in costs both for the customers and banks. ![]() In case a payment does not contain any of the details specified above, it is effected as ordinary International payment for a corresponding fee, and intermediary bank and beneficiary bank are entitled to charge an additional fee for processing of such payment.
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