Service Profile

Commercial draft discount refers to service that one financial institution assigns an undue but already discounted commercial draft to another financial institution by means of discount.

Commercial draft repurchase refers to a special form of discount service that one financial institution assigns a discounted commercial draft to another financial institute, based on mutual agreement to buy back the draft in an agreed fixed time and collect the draft fund.

Target Clients
Financial institutions permitted by the People’s Bank of China for offering bill discount services.

Service Feature and Advantages
1. A means of short-term financing service among financial institutions;
2. Improve liquidity management;
3. Increas earnings for financial institutions.