General

BOCOM's "single window" service for international trade helps enterprises improve international trade operation efficiency

Bank of Communications recently launched the "export invoice financing" product at the "single window" of Shanghai international trade. When enterprises log on to the "single window" platform to file financing applications, they seamlessly connect with the "Easy Loan" service of Bank of Communications international trade. The whole process of payment is completed within 30 minutes by relying on electronic signatures, While greatly improving the efficiency of business processing, enterprises have also eliminated the "hindrance" of paper delivery and physical seals, marking the further acceleration of the "single window" cross-border financial services of Bank of Communications.

BOCOM actively grasped the trend of digital transformation, became the main cooperative bank of Shanghai's international trade "single window", and helped enterprises improve cross-border operation efficiency with "single window". The customer market accounted for more than 1/3, ranking first in Shanghai market. Based on the big data of "single window" collection, Bank of Communications has built a "account opening settlement financing" service system, which is currently one of the banks with the most comprehensive functions and products in the industry. On the "single window", enterprises can not only achieve convenient customs clearance through online data submission, but also effectively improve cross-border operation efficiency by using the services of commercial banks and other financial institutions.

At present, based on the system connection and data interaction with the "single window", various functional modules of Bank of Communications can provide enterprises with financial services including booking account opening, settlement, financing, etc.

At the same time, Bank of Communications also launched the "credit insurance financing" function on the "single window" platform, focusing on credit insurance financing services, integrating the online display and intention signing of the "tripartite claims transfer agreement", realizing the realization of the "single window" of credit insurance financing function in Shanghai, and laying out in advance the "credit insurance loan" product of the single window of Bank of Communications that will be launched soon.

In the process of enriching the "single window" functional format, BOCOM focused on customer needs, gave full play to the functional advantages of its cross-border financial "EASY" platform, continued to enrich the functional layout, provided enterprises with cross-border financial "one-stop" services, and constantly improved the adaptability of the functions of the two platforms. Through "Easy Deposit", "Easy Loan", "Easy Remittance", "Easy Exchange", "Easy Exchange", "Easy Certificate" and other series of products, enterprises' cross-border financial service needs are fully covered. For example, as the core product of the "Easy" series, "Easy Letter of Credit - Express Letter of Credit" can realize online and paperless issuance of letters of credit, effectively solving the business pain points of low business handling efficiency and high management costs.

In the next stage, BOCOM will further focus on the "single window" function positioning, continue to enrich its products and services, and provide strong support for enterprises' international operation.