"Underground banks" favored by medium and large electric dealers become important channels of settlement

"Billion Power network News" July 29, billion power network to understand that, due to cross-border foreign trade settlement problem has always been difficult to resolve, "underground banks" by the Dunhuang Network, fast-selling, ebay and other foreign trade Shangping on the platform of large sellers of the favor, become an important channel for settlement.

"Since 09, all of our store-related settlement of the dollar has gone through the banks because it's fast enough." Some of the size of the peers are also basically doing so. "Shenzhen mobile phone sellers Mr. Li to billion power network said." At present, Mr. Li in the fast-selling and Dunhuang online have opened a shop, the monthly sales of about 200,000 U.S. dollars.

The so-called settlement, refers to the foreign exchange income owners to sell their foreign exchange earnings to the designated foreign exchange banks, foreign exchange designated banks at a certain rate to pay the equivalent of the local currency, including corporate settlement and personal settlement.

It is understood that in the process of trading, foreign buyers generally use the United States dollar payment, and sellers need to convert these dollars into renminbi in order to use in the domestic, which is involved in the settlement.

And foreign trade dealers generally in the name of private goods delivery, can not be declared in accordance with the general trade export, but the enterprise settlement when the need to provide export verification of the certificate, and so foreign trade sellers difficult to carry out formal settlement.

"Underground Bank" refers to a kind of illegal financial organization which is free from the financial supervision system, which uses or partly utilizes the fund settlement network of financial institutions to engage in illegal financial transactions such as foreign exchange, cross-border funds transfer or capital storage and loan.

Underground banks become important channels of settlement

Billion power network to understand that the current foreign trade dealers mainly take four kinds of settlement methods: through the domestic personal account direct collection of foreign exchange dollars, the use of identity card settlement, the use of HSBC's corporate households withdraw card in the territory, the establishment of offshore companies outside the domestic factory to pay for the reasons for settlement, and to go "underground banks" Channels。

Note: Under normal circumstances, the exchange rate of the bank, the middle price and the purchase prices of cash

Among them, the personal identity card settlement is the current foreign trade sellers the most important way of settlement, but only for the small volume of foreign trade sellers. Because according to the National Foreign Exchange Management policy, individual annual settlement amount is only 50,000 U.S. dollars.

It is understood that the current foreign trade dealers generally take the use of relatives and friends ID card way to break the limit, but the actual operation is very troublesome. With a monthly turnover of 100,000 U.S. dollars, sellers need to use 24 different IDs each year to complete the settlement of all funds.

In this case, "underground bank" channels because of no handling fees, high exchange rate, settlement speed and other advantages become foreign trade sellers an important choice of settlement, and especially in large sellers favored.

"Because it is paid at the same time, the whole process usually takes only a few minutes." According to the market, the exchange rate will generally be 3到4% than the bank exchange rate, so the same 100,000 dollars, will be more than 3000 to 4000 dollars from the bank. "said Mr. Lee.

In addition, the billion power network investigated more than 10 foreign trade dealers, found that the monthly sales of 100,000 to 2 million U.S. dollars between the sellers most like through the "underground bank" settlement, most of the funds through this channel settlement of the proportion of more than 50%.

According to billion power network to understand that the monthly turnover of 100,000 U.S. dollars in the foreign trade platform of the popular category only belong to the middle level. and 100,000 to 2 million dollar sellers are the current foreign trade on the platform of the backbone of the seller.

It is understood that the current "underground banks" mainly exist in Guangdong, Fujian, Zhejiang and other coastal provinces, Shenzhen, Dongguan and other areas are particularly concentrated. "There are many shops in Lo Wu (English: grocery stores), which are in fact banks, and the sellers on the scale are all over there." "said Mr. Lee.