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.
Procedure
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.
Note:
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.