Clean Collection
Product Name
Clean Collection
Business Type
Clean collection refers to collection of financial documents without any commercial document attached.
Highlights
Safety -- payments are collected through the international inter-bank network, a safe method for payment collection, avoiding the risk of collecting payments from payers directly.
Convenience -- the global bank network worldwide can help you conveniently collect payments from various areas around the world.
Efficiency -- utilizing the wide overseas correspondent bank relationships of Bank of China can greatly shorten the collection duration.
Cost-effective -- banking charges for clean collection are relatively low.
Low costs --banking charges of clean collection are relatively low.
Features
For international non-trade or trade settlement customers.
For Customers
The enterprise is a registered company in Malaysia.
Documents Required
The customer needs to submit original bill, sign on the specified endorsement position and complete the collection application form. Bank of China (Malaysia) Berhad will mail the bill to relevant banks abroad for bill payment collection.