When issuing L/C to their overseas suppliers, PRC companies can simply request CCBC PRC Branch to issue an RMB L/C advising thru CCBC HK who will upon receipt of the RMB L/C, change the L/C currency to USD, EUR etc before advising to the beneficiary. Upon receipt of related documents, PRC companies can lock the exchange rate and mitigate the risk on exchange rate. On due date, the PRC companies can remit the RMB funds to CCBC HK who will effect payment to the Suppliers after converting RMB to foreign currency with the locked rate.