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  Bank of China >> BOC UK >> Corporate Banking >> Other Services

Process Agent Business


 

Product Name

Process Agent Business

Product Description

Process Agent business means that if there is a business legal dispute between domestic financial institutions and British customers, domestic financial institutions can entrust the bank as the process agent who should collect and transfer all relevant business litigation documents and subpoenas.

Product Features

• Process agent does not undertake any other responsibilities and obligations related to the business; 

• Every single entrust fee should be calculated GBP350.00p.a * number of years. The full amount of entrust fee should be paid to the trustee account at the beginning;

• Help to transfer business litigation documents and subpoenas timely and accurately.

Eligible Applicants

China Mainland Financial Institutions

Application Procedures

1. When there is a business legal dispute between domestic financial institutions and British customers, domestic financial institutions should send the power of attorney to the Bank of China London Branch and entrust the bank as the process agent;

2. London Branch should send a confirmation letter, a fee letter and a invoice to the principal after receiving the power of attorney;

3. When the confirmation letter has been sent, the principal should pay the fee to Bank of China London Branch Loan Administration Department within one month, and undertake all other fees arising from actual expenditure.

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