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Commercial Acceptance Draft Discount
2021-11-25
Definition of product
Commercial Acceptance Draft Discount is a form of bill discount, referring to that enterprise of the Seller (the Payee) holds unexpired commercial bills delivered by enterprise of the Buyer (the Payer) to the bank for discount after selling goods, and shares the interest of bill discount according to negotiation between the Buyer and the Seller.
Scope of application
It is applicable to enterprise clients with close and harmonious cooperation and have willingness to share discount interests.
Characteristic:
It can be used to flexibly adjust financial costs of the Buyer and the Seller in the process of bill discount.
Handling conditions:
1. The Buyer and the Seller have made legal and real commodity transaction, or there is a debt relationship between the Buyer and the Seller;
2. Both the Buyer and the Seller have opened RMB settlement account in the bank;
3. Commercial bills applied for discount are legal, valid and not due;
4. Both the Buyer and the Seller have good credit and stable business relationship.
(For more details, please contact nearby branch counters of Guangzhou Rural Commercial Bank or call customer service of our Bank at 961111)
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