Collection..docVIP

Correspondent Arrangements between The ___________________________ Bank and The ____________________________ Bank, Ltd. I. Offices concerned. The ____________________________ Bank Head Office (Xiamen), Fuzhou The ____________________________ Bank, Ltd. Head Office (Tokyo), Osaka, Hong Kong II. Control Documents. Offices concerned of both parties shall be mutually supplied with Specimen of Authorized Signatures, Schedule of Terms and Conditions, Specimen of Demand Draft and also with the Telegraphic Test Keys of The ______________________ Bank, Ltd. S. W. I. F. T. Authenticator Key(s) shall be arranged if mutually agreed. III. Main Intermediary Banks Both parties shall exchange the list of reimbursing intermediaries of main currencies for the reimbursement of transactions through the offices concerned. (Details as per attached sheets) IV. Reciprocal Transactions 1. Remittances 1) Each party may make remittances to the other party by Mail Transfer (M/T) or Telegraphic Transfer (T/T) or by means of S. W. I. F. T., and may draw Demand Draft (D/D) on the other party. 2) In reimbursement, each party shall advise the other party that the cover was credited to the latters account maintained with an intermediary bank. In the case of T/T or S. W. I. F. T., each party shall advise the other party by telex or S. W. I. F. T. that the cover was paid in the same manner as above. 2. Collections 1) Each party may send their collection items to the other party with the instructions to credit the proceeds to the account of the remitting bank maintained with the intermediary bank. 2) Collections sent from both parties shall be subject to the Uniform Rules for Collection (1978 Revision) InternationalChamber of Commerce Publication No. 322 or its revision. 3. Commercial Letters of Credit 1) Each party may issue Commercial Letters of Credit directly on any of the offices co