This service enables seller to apply to CMB for a discounted bank or commercial acceptance bill from the buyer after selling commodities.
·Discounts on commercial bills with the interest payable by the buyer: The buyer pays the interest on the bill.
·Discounts on commercial bills with the interest payable by a third party: A third party pays the interest on the bill.
2.Reduces financing costs for enterprises;
3.Helps buyers obtain trade discounts.
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.