MYANMAR-CHINA (YUAN-KYAT) BORDER TRADE SERVICES
Myanmar-China (Yuan-Kyat) Border Trade Services are now available at MOB Bank for Myanmar-China Border Trade.
Product Features and Benefits
- No initial deposit
- Lessen the reliance on the US dollar
- Easy access of payment and clearance system
- Yuan transactions can be done at Muse, IBD (Yangon) and Mandalay (35th street) branches
Required Documents
- Application Form (Business)
- Application letter with Company Letterhead
- Resolution of Board of Director
- Certificate of Exporter / Importer Registration
- Company registration (or) Certificate of In-Corporation
- Company Constitution
- Identify card copy / Passport & Visa copy of Shareholders
- Two recent passport photos of authorized persons
Available Services
- Telegraphic Transfer (Outward and Inward TT)
- Letter of Credit (Import & Export LC)
- Documentary Collection (DP / DA)
- MOB Yuan A/C to A/C transfer
- FX Dealing (RMB Trading)
Fee & Charges
Account Opening / Account Closing
| No | Product | CNY |
| 1 | Account Initial Deposit | – |
| 2 | Minimum Balance | CNY 50 |
| 3 | Account Closure Fees | CNY 20 |
Telegraphic Transfer
| No | Product | Charges |
| 1 | Outward Remittance (Outward TT) | CNY 60 + Swift Fees CNY 60 |
| 2 | Inward Remittance (Inward TT) | CNY 60 |
| 3 | Book transfer | CNY 30 |
| 4 | Payment Amendment / Cancellation Fee | CNY 120 + Swift Fees CNY 60 |
Import Letter of Credit
| No | Product | Charges |
| 1 | Import LC Issuance | CNY 120 + Swift Fees CNY 60 |
| 2 | Import LC Amendment | CNY 120 + Swift Fees CNY 60 |
| 3 | Import LC Cancellation | CNY 120 + Swift Fees CNY 60 |
| 4 | Discrepancies Fee | CNY 120 |
| 5 | Bill Handling under Import LC | CNY 120+ Swift Fees CNY 60 |
Import Collection
| No | Product | Charges |
| 1 | Bill Handling under Import Collection | CNY 120 + Swift Fees CNY 60 |
Export Letter of Credit
| No | Product | Charges |
| 1 | Export LC Advising | CNY 120 + Swift Fees CNY 60 |
| 2 | Export LC Amendment | CNY 120 + Swift Fees CNY 60 |
| 3 | Export LC Cancellation | CNY 120 + Swift Fees CNY 60 |
| 4 | Export Bill Handling under LC | CNY 120 + Swift Fees CNY 60 |
Export Collection
| No | Product | Charges |
| 1 | Bill Handling under Export Collection | CNY 120 + Swift Fees CNY 60 |