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Payments&32;and&32;Settlements
Shanghai Electric Group Finance Company Ltd. supports internal transfers among group companies and external collections/payments, as well as bill acceptance and collection.

    · Online application for fixed deposits

    · Online payment

    · Free credit certification issuance

SEFC set up bill pooling in 2014, and the total settlement amount reached RMB 300 billion over the past 5 years. In 2018, SEFC supported 440,000 settlements in domestic and foreign currencies, which totaled RMB 1.4 trillion amount, ranking 7th among 128 local state-owned finance companies. 

SEFC constructed an ecosystem including a Bank-Enterprise Interface, Finance Company-Enterprise Interface, the ECDS of The People’s Bank of China, and a Commercial Paper Exchange Interface.

· In addition to counter services, SEFC provides efficient and convenient online services for fixed deposit applications and information query, avoiding the risks of storing paper vouchers.

· Serving group companies is the primary mission of SEFC. With an efficient internal settlement process that ensures same-day lending for approved loans, SEFC saves time and increases efficiency for its internal clients.

· SEFC efficiently issues customized credit and deposits certifications to group companies for free, assisting them in competing for orders and projects.

· At present, the company allows group companies to interface with the SAP and cost control systems, increasing the efficiency of settlement and payment, and reducing operational risks.

Contact Us
Shanghai&32;Electric&32;Finance&32;Group
Address:No.&32;1406&32;South&32;Xizang&32;Road,&32;Shanghai,PRC
Post code:200011
Tel: +86&32;21&32;63794999
Fax:+86&32;21&32;52895052