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Corporate Information
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Corporate Internet Banking
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RMB Bills Trans-discount
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RMB Bills Trans-discount business is operated between banks for fund refinancing. RMB bills to be trans-discounted include banker's acceptance bill and trader's acceptance bill. SPDB offers such refinancing services as bills trans-discount, discount with limited recourse and discount with repurchase.
Procedure: - SDPB reviews the bills and the related trade documents submitted;
- After SPDB confirms the credit standing of the accepter of the bills and the validity and effectiveness of the bills, SPDB will request the applicant bank to transfer the bills by endorsement and in the meantime, SPDB will pay the bills amount minus the discount interest to a designated account of the applicant bank.
- When the bill is due, SPDB makes collection and settlement according to the Chinese Bills of Exchange Law. If the accepter refuses to pay, SPDB reserves the recourse right against the applicant.
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