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I. Introduction
Group Financing refers to services ICBC offers to group enterprises which enable them to allocate and transfer funds between accounts within the group and conduct centralized management of financial instruments within the group.
II. Target Client
Groups enterprises which demand centralized management of funds in accounts within the group.
III. Features
1. Centralized fund management at the group level.
2. Centralized management of bank acceptance drafts and commercial acceptance bills held by the headquarters and the subsidiaries.
IV. Application Condition
Group enterprises which have opened ICBC corporate Internet banking.
V. Sign up
Registered clients of ICBC corporate Internet banking need not open the service specially.
Ⅵ. Service Channel and Time
ICBC corporate Internet banking offers 7×24 hour non-stop services.
Ⅶ. Considerations
Group enterprises must have obtained the Letter of Authority to Conduct Account Inquiry and Fund Transfer from its subsidiaries. Responsibility Statement: The contents on this page are for reference only. The ultimate power of interpretation is under the Industrial and Commercial Bank of China Limited. For part of the contents, notice and specific regulations of local branches shall prevail.
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