Product Profile

The financial institutions which have Type A or Type B qualification in the National Inter-bank Bond Market transfer or pledge their bonds to CMB, and undertake to repurchase the bonds back unconditionally after a certain period of time, thereby getting funds from CMB. The term of the repurchase can be extended to as long as 365 days.

Product Advantages

ü      The funding term can be extended longer than interbank lending.

ü          High service efficiency.

Service Flow

On-line transaction of CMB’s debt repurchase business is conducted through the on-line transaction platform of the National Inter-bank Lending Center. The transaction is completed after price quoting, enquiry and final confirmation. Debts delivery is done through debt registration system, and fund clearing is conducted through the two parties’ reserve deposit accounts maintained in People’s Bank of China. For the relevant business procedure, please refer to the transaction rules of the home currency transaction system of the National Inter-bank Lending Center.

Off-line Transaction:

（1）   The two parties agree upon the type, amount and price etc. of the repurchased debts.

（2）   The two parties sign the master agreement of debts repurchase.

（3）   FI customers complete debts transfer or pledge registration procedures through the debts registration system. 

（4）   CMB transfer funds to FI customers.