This service describes a financial activity in which an enterprise applies to CMB to redeem a bank or commercial acceptance bill that is entitled to a discount from CMB before the bill’s date of maturity.
·Reduces the amount of idle funds for enterprises;
·Enables enterprises to allocate funds at any time and thus increase the fund utilization efficiency.
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.