Requirements for a Discount Loan
·The applicant is a business entity or an organization that is authorized by a business entity to process accounts independently;
·The applicant holds a settlement account with CMB;
·The bill discount complies with the Law of Negotiable Instruments if it involves a legal commodity transaction;
·The acceptance bank for the discount bill is recognized by CMB.
In accordance with the requirements for a liquid capital loan, the applicant submits application documents and copies of the commercial contract and VAT invoice associated with the transaction.
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