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Wealth Management |
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Bill Purchase
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Also called guaranteed discount for commercial accepted draft, for commercial accepted draft accepted by specific acceptor or commercial accepted draft held by specific bearer (discount applicant), CMBC promises to discount the bill with agreed discount rate within the credit line and certain period.
This business improves the commercial credibility and purchasing competitiveness of an enterprise, so it is called “enterprise currency”.
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·Client open deposit account with our bank to get credit from our bank
·The bill reflects real trading relationship and debt relationship |
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·Enhance client credit, improve creditability of commercial bill
·Solve problems related to bill transfer, endorsement, discount at different places
·Accelerate corporate capital circulation, reduce financial costs |
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