You can open an overseas-student
current account and execute a payment account custody agreement based on your child's monthly living expenses. We will make payment towards various types of expenses according to your instructions, hence relieving you from anxiety.
Personal RMB fixed-rate remittance
We are
the first bank in Singapore to provide personal RMB fixed-rate
remittance. This service is well regarded for its being safe and
efficient. You are only required to provide beneficiary’s
account name, account number, name of receiving bank and
beneficiary’s ID no.. We’ll remit equivalent RMB amount
converted against prevailing exchange rate to the beneficiary in
China. Hence you can hedge foreign exchange risk. If the
beneficiary has no account, his/her contact no. and detailed
address is required. ICBC will notify the beneficiary to collect
remittance once receiving the funds. You have choice of
remitting SGD or USD.
Financing services
Our financing services can fully meet the daily and project operating needs of bilateral and syndicate borrowers through tailor-made financing plans based on their business nature and corporate strengths.
●Overdraft ●Revolving credit facility ●Short term to long term financing●Syndicated financing ●Ship/aircraft financing ●Project financing -Bankers guarantee ●Issuance of documentary credits ●Shipping and airway guarantees ●Trust receipt ●Back-to-back LC ●Pre-export finance ●Export bills purchase ●Receivables financing ●Structured trade financing ●Forfeiting ●LC and TT reimbursement refinancing
