Dear Sir/Madam,
Do Kun Lun Bank accept L/C from Iranian Bank yet?
I heard this bank accept L/C with a special Fee.
Please reply soon
Masoumeh
info@zarrinfoolad.com
as far as I know, Kunlun bank in China has been doing the process very well with no complaints for quite long time. but the problem is, most suppliers in China don't accept any L/C term from Iran !
As of 2014, Bank of Kunlun has branches in Karamy, Dushanzi, Urumqi, Korla, Tuha, Daqing and Xiâ??an. There are branches planned for the cities of Beijing, Shenyang, Haâ?? erbin and Chengdu.
The most successful bank in China is infact named China Merchants Bank. Other merchant banks in China are; China Minsheng Bank, China Citic Bank, Bank of China and Hua Xia Bank.
The top ten international banks in the world include Deutsche Bank, BNP Paribas, Industrial & Commercial Bank of China, Credit Agricole SA, Barclays Bank PLC, Japan Post Bank, China Construction Bank, Agricultural Bank of China, The Royal Bank of Scotland and the Bank of China Limited.
It seems no bank can accept Irans credit letter
There are many very large domestic banks located in the People's Republic of China. The biggest of these domestic banks in the country of China is the Industrial & Commercial Bank of China.
Many banks accept and use Discover cards for their customers, including major banks like Bank of America, Chase, and Wells Fargo.
The industry of banking is very competitive, with banks fighting for customers. There is a close race between banks, but the most international bank in the world is the Industrial & Commercial Bank of China, with the China Construction Bank coming in second.
Central banks are the regulator or supervisors of banking operations in a country. Individuals cannot have bank accounts with them. Only banks that are authorized to provide banking services in the country are allowed to have accounts with the central banks. Since they are not a regular commercial bank, they don't accept deposits from customers.
SWIFT Code Bank of China used to Transfer fund to International banks. SWIFTCode Bank of China (CN) are provide the broadest coverage of national bank identifiers. SWIFT Code is identifying Bank of China branches in China (CN). SWIFT Code of Bank of China is unique for each branch in China (CN).
The intermediary bank for the Bank of China in USD transactions typically involves a network of correspondent banks that facilitate international wire transfers. Commonly, large banks such as JPMorgan Chase or Citibank may act as intermediaries for these transactions, depending on the specifics of the transfer and the involved parties. These banks help to ensure that funds are efficiently transferred across borders while adhering to regulatory requirements. For precise details, it's best to consult directly with the Bank of China or the banks involved in the transaction.
No, banks are free to accept or reject coin at their will. Similarly, banks can accept or reject paper money at will.