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Corporate Information
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Corporate Internet Banking
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Committed Discounting of Trade Acceptance Bills
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Committed discounting of trade acceptance bill is the kind of finance and credit facility, under which our bank, based on the creditworthiness of the applicant and the business relationship with it, undertake to discount the trade acceptance bill issued and accepted by the applicant within a certain range of credit line. - Brief Introduction
As the applicant of committed discounting of trade acceptance bills, your company could submit the application to our corporate banking department of various business levels. Principally you should provide sufficient guarantee for the committed discounting line, such as letter of guarantee, pledge or hypothecation. For those applicants satisfied with the criteria of credit loan, we could also provide the discounting line without receiving any guarantee.
The discount applicant of the committed discounting should be bona fide holder of the trade acceptance bills. Both trade acceptance bills without endorsement and transfer and after endorsement and transfer could be discounted. We will simplify the discounting procedure for trade acceptance bills without endorsement and transfer. - Advantages:
(1) For the acceptor of the trade acceptance bill, committed discount line could save operation costs and funding costs through purchasing goods on its commercial credit as well as saving the commissions and margins for opening bank acceptance draft. The committed discounting line could be used revolvingly and the operation procedure is easy and convenient.
(2) For the discount applicant of the trade acceptance bill, committed discount line could enable it to acquire finance with the creditworthiness of the buyer and it do not have to provide extra guarantee for discounting business. The operation procedure is more simple and convenient than the normal trade acceptance bill discounting business.
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