Since the CNY payment is available at Kopenhagen Fur, a lot of
Chinese customers have shown much interest. We would like to make
the payment process clear to you. The simplified process is as
Cross-border CNY payment is the same process as USD payment for
mainland Chinese companies. The company should possess import
license approved by the SAFE authority (State Administration of
Foreign Exchange) for oversea fund transfer. These documents need
to be presented to your bank for fund transfer:
1) The CNY invoices or sales contract
2) Fill out the 《Application for Funds Transfer (overseas) 》with
the following bank information of Kopenhagen Fur, and apply for
fund transfer at your own bank.
Langagervej 60, 2600 Glostrup, Denmark
Beneficiary's Account No.
Beneficiary's Bank Name
Bank of China Stockholm Branch
Beneficiary's Bank Address
Birger Jarlsgatan 28, 114 34 Stockholm, Sweden
Bank of China Shanghai RMB Trading Unit
What are the advantages of making the payment in
More convenient - No need to have foreign currencies reserves,
Chinese customers can make payment directly in CNY. Besides, Bank
of China has sub-branches all over China.
Easier - No exchange risk in tariff and VAT calculation. It
simplifies accounting process in terms of cost, tax and tariff
Faster - cross-border CNY payment can reach Kopenhagen Fur
account in only 1 banking day.