Large business
A reliable partner for large businesses that facilitates international settlements, transaction support, and financial optimization
For companies with revenue starting from USD 400,000
International and domestic payments
Documentary operations
Short-term trade and export financing
Currency exchange
Broad network
Own network in Russia and other countries
Calculations
Settlements in national currencies
Payments
Secure and fast payment execution
Clearing calculations
Clearing calculations through the VTB internal network or through clearing system of China
Opening of accounts
Opening accounts for companies and financial institutions from China and other countries
Settlements within the Bank
Accounts via VTB's internal network or via the payment system of China
International and domestic payments
Sending payment orders for international or domestic payments via remote banking system
Risks
Reducing risks in international settlements
Consultations
Consultations on the terms of contractual payment, assistance in preparing documents at the request of clients, and analysis of the terms of contracts.
Letters of credit and escrow
Issuing letters of credit, opening escrow accounts on behalf of the bank's clients
Guarantees
Issuing guarantees / counter-guarantees on behalf of the Bank's clients
Service and advising
Advising and servicing letters of credit and guarantees issued in favor of Chinese companies
Transactions
Structuring transactions within VTB Group to optimize client costs and
offer comprehensive business solutions
Conducting transactions
Ability to conduct transactions as part of the unified rules URDG/UCP, and in accordance with Russian and Chinese legislation
Transactions with international banks
Experience in conducting transactions with banks through VTB's broad correspondent network
Letters of credit
Confirmation and financing of letters of credit
Guarantees
Issuing guarantees under counter-guarantees of counterparty banks
Conversion operations
In various currencies for Chinese and Russian companies and financial organizations
Quotes
Competitive quotes for the yuan/ruble pair in China
Market Maker
VTB — market maker for the yuan / ruble currency pair
Currency transactions
Renminbi transactions are conducted in accordance with the _x000B_c regulatory requirements
FAQ
How can I apply for account opening?
To submit an application for opening an account, it is necessary to:
fill in the form on the web-site https://openaccount.vtbbank.cn/ and attach the relevant documents;
make sure that your Russian counterparty is a client of the VTB Group;
wait for feedback from a VTB Shanghai manager who will contact you after verifying the documents and invite you to the office for the opening of the account.
What documents are required to open an account with VTB Shanghai?
The list of documents for opening a resident account is available at.
The list of documents for opening a non-resident account is available at.
How long will the account opening take after signing the documents at the meeting?
General account is opened not later than the next business day after the Bank receives a full set of documents for account opening from the Client (after the meeting);
Basic account is opened not later than the next business day after the Client’s registration. The registration procedure takes approximately 14 business days.