Is it necessary to use bank drafts for agency exports?

According to the latest "Measures for the Management of Cross-Border Trade Bills" issued in 2025,agents engaged in export business are allowed to receive bills in two forms:

• BankAcceptanceDraft:Guaranteedbytheissuingbankfordirectpayment,withthehighestsecurity
• CommercialAcceptanceDraft:Requiresadditionalthird-partyconfirmation,itisrecommendedthatthetenordoesnotexceed90days

In our actual operation,it is recommended to give priority to the electronic bank draft directly connected to the SWIFT system.Compared with paper bills,it can shorten the clearing cycle by 3 - 5 working days.

What is the specific operation process for agency receipt of drafts?

The standardized draft receipt and payment process includes 6 key links:

• Signatripartiteagreement(exporter,agent,overseasbuyer)
• Verifytheauthenticityofthedraftbill(from2025,itwillbenecessarytoverifyitthroughthecentralbank’scross-borderbillverificationplatform).
• Handletheendorsementandtransferofthebill
• Bankcollectionregistration
• Foreignexchangeverificationanddeclaration
• Fundclearinganddistribution

How to prevent draft payment risks?

Based on the 286 cross - border bill dispute cases we have handled,the following preventive measures are recommended:

• Double-verificationmechanism:
  • Verifybillelementsatthebanklevel
  • Professionalinstitutionscheckthecreditworthinessofthedrawer
• Set up payment guarantees:
  • Requireadditionalbankguarantees
  • Insureexportcreditinsurance
• Fund monitoring plan:
  • Establishabillmaturityearly-warningsystem
  • Allocatespecialriskreserves

What new changes will there be in the management of bills in 2025?

The regulatory updates that received key attention this year include:

• Themandatoryauthenticationscopeofelectronicbillsofexchangehasbeenexpandedtotransactionsabove$500,000.
• Newrequirementsfortracingtheoriginofblockchainbillshavebeenadded.
• AnAI-intelligentjudgmentsystemhasbeenintroducedforcross-borderbilldisputesarbitration.

How to respond when a draft is dishonored?

It is recommended to implement the 3 - step crisis - handling method:

• Immediatelyinitiatethebillpreservationprocedure.
• Appealthroughthegreenchannelforcross-borderarbitration.
• Activatetherisk-sharingmechanism(needstobeagreedinadvanceintheagencyagreement).

How is the fee for agency receipt of drafts calculated?

The standard service fees include:

• Basicservicefee:0.3%-0.8%ofthetransactionamount.
• Risksurcharge:Chargedbyclassificationaccordingtothepaymentmethod.
• Fundmanagementfee:Calculatedasinterestbasedontheactualnumberofdaysofoccupation.

Which foreign exchange collection method is suitable for small and medium - sized enterprises?

For enterprises with an annual export volume of less than $5 million,we recommend adoptingThe bill factoring combination plan.:

• Thebankadvancesandpays80%ofthefacevalueofthebill.
• Theagentassumestheliabilityforbillrecourse.
• Thecomprehensivecostoffundscanbereducedtoanannualized4.5%.

How to choose between electronic drafts and paper drafts?

By 2025,the proportion of electronic bills has reached 78%,and it is recommended to prioritize the use of electronic bills.

• Thesettlementefficiencyisincreasedby40%.
• Theanti-counterfeitingverificationpassrateis100%.
• Supportsautomaticaccountsplittingofsmartcontracts.