The discount of commercial bill refers to the behavior that the holder of a commerical bill, prior to the maturity of the bill, transfers the bill to CMBC for the purpose of acquiring capitals at the cost of certain interests.

1. Business license for enterprises as legal persons, code certificate of enterprises as legal persons, tax registration certificate, copies of loan card and password;

2. Identity certificate of the legal representative and copies of ID card;

3. Copies of the ID card of the consignee on the Authorization Letter of the legal representative;

4. An application for discount;

5. Copies of the materials that can prove the authenticity of the trade, such as the sales contract and VAT invoice;

6. Other materials that CMBC requires.

1. The holder opens a settlement account in CMBC, puts forward an application for credit granting and render relevant materials;

2. CMBC will grant credit to the holder according to relevant provisions on the credit granting business, determine credit limit (commercial acceptance bills only);

3. The drawer accepts and pays for the bill to the holder;

4. The holder holds the commercial acceptance bill and copies of materials that can prove the authenticity of the trade to apply discount with CMBC;

5. CMBC will query the acceptor to censor and confirm the authenticity and validity of the bill and trade background;

6. Go through discount procedures and issue discounted amount;

7. CMBC will collect from the acceptor when the bill becomes mature.