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)
  • 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