Bank Draft

Introduction  
The Bank Draft is an instrument written by the bank for unconditional payment of actual settlement amount to the payee or the instrument holder upon presentation. The opening bank of the bank draft is the payer.

Category
It can be classified into national bank draft and regional bank draft according to the scope of usage; or may be classified into account transfer bank draft and cash bank draft according to means of payment.  
  
Functions and Features
1) Draft holders with a bank settlement account at Hua Xia Bank can use the bank draft drawn by the Bank for payment on sight;
2) For the inter-bank bank draft written by Hua Xia Bank, the draft is accepted through entrusted ICBC and can be therefore used at all regions with ICBC outlets.

Target Clients
When the parties to the deal are uncertain of the deal amount or the success of the deal, the parties may adopt bank draft. It is applicable for settlement by institutions and individuals for payments in all types of economic activities. 

Currency and Tenor  
RMB is the currency in service. The presentation payment tenor on the bank draft is one month since the draft is issued. 

Application Materials
Bank draft application in three copies with specimen seals and signatures.

Check

Introduction
The Check is an instrument written by the drawer who entrusts the bank that accepts check deposit to unconditionally pay the specified amount of money to the payee or check holder upon presentation of the check.

Category
(1) Cash Check: the type of checks that bear the letters of "CASH" and are used only for cash withdrawal.
(2) Transfer Check: the type of checks that bear the letters of "TRANSFER" and are used only for money transfer. 
(3) Standard Check: the type of checks that bear neither "CASH" nor "TRANSFER" and can be used both for cash withdrawal and for money transfer. The check becomes an Crossed Check when the customer draws two parallel lines on upper left corner of the standard check. The crossed check can only be used for money transfer, not for cash withdrawal.

Functions and Features 
1) Easy, simple and timely clearing; 
2) Only related to money and has definite expiration; 
3) Able to fulfill the customer's need for cash withdrawal and fund transfer. Hua Xia Bank adopts payment password that is "One Password for Each Check" which uses the high-tech encryption to safeguard the customer fund security. 

Target Clients
Companies and individuals can use checks for different payments and settlements within the same check clearing region. 

Currency and Tenor 
RMB is the currency in service. The check's presentation payment tenor is ten days since the date of writing. The bank will not negotiate and the payer will not pay for presentation payment beyond the presentation tenor. 

Price 
The service fee is RMB 0.60 per transaction. The service fee for checks using sorting machine is RMB 1.00 per transaction. 

Combined Settlement of HKD Checks between Guangdong and HK

Introduction 
The Guangdong-Hong Kong HKD Check is a check denominated in Hong Kong dollar written by the drawer in Guangdong province (including Shenzhen, or "the Guangdong Party") or Hong Kong ("the Hong Kong Party"). The drawer appoints a bank in Guangdong province or in Hong Kong that offers check deposit services for unconditional payment of the specified amount to the payee or check holder on sight of the check. The Guangdong-Hong Kong HKD Check is cleared through Guangdong-Hong Kong notes clearing system and such means of settlement is called Combined Settlement of HKD Checks between Guangdong and HK.

Functions and Features 
It ensures safe, efficient, and orderly operation of Guangdong-Hong Kong HKD Checks, accelerates the foreign currency fund turnover, and promotes economic communication and development between Guangdong and Hong Kong.

Features:
1) The Guangdong-Hong Kong HKD Check adopts two-way clearing, mutual pack setup, and two-tier clearing; 
2) The Guangdong Party's bank follows the principle of "Collection for Payment, No Bank Advancement" for check clearing; 
3) On each banking date (common banking date for both Guangdong and Hong Kong),

there is one round of Guangdong-Hong Kong HKD Check clearing. Under special circumstances, the Guangzhou and Shenzhen Electronic Banking Settlement Center may timely advise the bank outlets taking part in Guangdong-Hong Kong HKD Check Linked Settlement according to instructions for postponing or time extension given by Hong Kong Inter-bank Clearing Limited; 
4) The Guangdong-Hong Kong HKD Check is not eligible for cash withdrawal and is not eligible for domestic valuation and settlement; 
5) The HKD check issued by the Guangdong Party to the Hong Kong Party is limited to payment under the proprietary import trade; 
6) Affiliated trade expenses and payment to overseas parties under non-trade and capital items can not be settled by the Guangdong-Hong Kong HKD Check.

Target Clients
1) Importers in Guangdong province and approved for issuing HKD checks to Hong Kong by the local office of the State Administration of Foreign Exchange;
2) Institutions and individuals in Guangdong province receiving HKD checks issued by the Hong Kong drawer.

Currency and Tenor
HKD is the sole currency in service. The HKD check payment tenor for checks involved in Combined Settlement of HKD Checks between Guangdong and Hong Kong is subject to laws of the drawer's jurisdiction with reference to the bank's acceptance date. The payment tenor for checks issued by the Guangdong Party drawer is one month. The payment tenor for checks issued by the Hong Kong Party drawer is six months. The expiration date is postponed on the public holidays.

Price
The service fee standard is RMB 20 per transaction

Promissory Note

Introduction 
The Promissory Note is an instrument issued by a bank promising that the bank will unconditionally pay a certain amount to the payee or check holder upon presentation of the promissory note.

Category
It can be classifies into open promissory note and standard promissory note. The standard promissory notes may bear four face values: RMB 1,000, RMB 5,000, RMB 10,000, and RMB 50,000. It can also be classified into account transfer promissory note and cash promissory note according to means of payment.  
  
Functions and Features
1) No floor limit;
2) The holder can carry the instrument conveniently;
3) Liquid and transferable through endorsement; 
4) Sight payment for prompt settlement; 
5) Account transfer. Promissory notes with "CASH" written on the face can be used for cash payment. 

Target Clients
Companies and individuals who need to make different payments in the same instrument-clearing region can use promissory notes. 
  
Currency and Tenor  
RMB is the currency in service. The presentation payment tenor of promissory note is maximum two months from the issuing date.

Application Materials 
Promissory note application in three copies with specimen seals and signatures.

Remittance

Introduction
The Remittance is a common settlement approach used by the payer to make payment to the payee to meet trade needs. The remitting bank accepts the remittance receipt signed by the remitter and timely completes remittance through the telegraphic transfer system. The remittee bank completes the account booking procedures according to different conditions. 

Category
The remittance may use M/T and/or T/T. The customer may select the means of transfer as needed.

Functions and Features
The remittance has no lower limit and geographic limitations. It is a way of convenient, prompt, and safe money transfer across the region for customers.  
  
Applicable Clients
The payment and settlement between institutions and individuals are all applicable for remittance and money transfer settlements.  
  
Price
RMB 5.00 per transaction for the remittance amount less than RMB 10,000; 
RMB 10.00 per transaction for remittance amount between RMB 10,000 and RMB 100,000 (inclusive); 
RMB 15.00 per transaction for remittance amount between RMB 100,000 and RMB 500,000; 
RMB 20.00 per transaction for remittance amount between RMB 500,000 and RMB 1,000,000; 
The remittance amount above RMB 1 million is subject to a service fee calculated as 0.02% of the remittance amount per transaction and maximum RMB 200.00.

Centralized Payment Express

Introduction
The Centralized Payment Express refers to the cash management service where the payer pays to multiple payees through Hua Xia Bank, either at the counter or via Internet banking, it works by providing a payment list and relevant payment proofs.

Functions
One single check (or T/T receipt) and relevant payment proofs to make payments to multiple payees.

Features: 
1. Improves work efficiency. Accounting staff at companies are free from tedious procedures of filling out documents and dealing with multiple transfers in one transaction, which improves work efficiency of both the company staff and the approval officials.
2. Reduces cost. The customer can apply by one click via the Internet Banking instead of coming to the counter.

How to Apply
Apply at the Counter:
1. The bank and the company sign the Centralized Payment Agreement. 
2. On the payment date, the customer writes a check (or T/T receipt) to the bank and provides the relevant payment list. The check amount is the total payment amount and the payment list articulates the payee name, account number, depository bank, amount of payment, and purpose.

Apply via Internet Banking:
1. The customer signs the Hua Xia Corporate e-Banking Agreement, fills out the Hua Xia Corporate e-Banking Application Form, and applies for the Hua Xia Corporate e-Banking services.
2. On the payment day, the customer logs into the Centralized Payment software in "Hua Xia Inter-Link", selects "Centralized Payment",, keys in all payees' information and generates batch document.
3. Logging into Hua Xia Corporate e-Banking, the customer's operator selects "Batch Payment" and imports batch document. The customer's authorized person selects "Summary Authorization" for authorization. The system processes the batch transaction automatically.
4. The customer may enquire the transaction status using the "Enquire Online Transaction" function.

For enquiries, please contact
Teller at the counter of the depository bank
e-Banking staff at any branch
95577 for the call centre

Documentary Collection against Acceptance (D/A)