CCB Introduces Nation-wide RMB Saving and Withdrawing Service for Corporate Customers

From March 5, 2007, CCB will deploy the “Real Time Settlement” service (the brand for nation-wide RMB saving and withdrawing service for corporate customers) across the nation. After signing the contract authorizing the use of payment password, the corporate customers may access the settlement service at any of our 8000 domestic outlets that offers corporate services and capital clearing can be realized in real time.

The “Real Time Settlement” is a brand customized for RMB saving and withdrawing service for corporate customers. With “CCB Real Time Settlement Payment Certificate”, the corporate customers may use the core functions of RMB saving and withdrawing service. The “Real Time Settlement” business inherited CCB’s customer-centric philosophy in function design, handling process and rate management. The product enjoys the following advantages over other products in the industry.

  First, minimizing the settlement certificates. The “Real Time Settlement” certificate contains such functions as “cash check”, “transfer check”, “remittance”, “bank draft application form” and “bank cashier order application form”. With this single certificate, the corporate customer may enjoy all our RMB settlement services across the nation.

Second, simplifying the business process. The single “Real Time Settlement” certificate enables corporate customers not to fill in various multiplicate carbon certificates, even account forms. Compared to various settlement certificates used currently, the process of “Real Time Settlement” is the simplest.

Third, handling the transactions through multiple channels. You may settle your capitals over 8000 CCB outlets offering corporate business across the nation. It is for the first time that corporate customers may settle their capitals at outlets other than the outlet where they opened their accounts and fully enjoy CCB’s extensive network of outlets.

Fourth, minimizing risks. Corporate customers may use the payment password to sign and issue certificates. A number of anti-counterfeit elements were used with reference to the design of the check. Compared to the traditional settlement business, “Real Time Settlement” has greatly reduced the risks and improved its ability against clone.

Fifth, fastest arrival of capitals into your account. With the support of the advanced and centralized core system of our bank, corporate customers may use the “Real Time Settlement” certificate to do transactions at our bank and there will no funds on the way.