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Export Bill Discount

The product of short term financing provided by the Bank to the exporter, by means of buying with recourse immature usance draft accepted by the issuing bank or the nominated bank.

FEATURES

•Acceleration of capital turnover. Get the fund immediately, so that capital turnover can be accelerated and financial pressure can be eased.

•Simplification of financing procedures. Financing procedures are more convenient when compared with those for working capital loans.

•Less financial expenses. The customer can choose the funding currency in accordance with the interest rates of different currencies in Bank of China, so as to minimize the financial expenses.

•The product aims to meet the short-term financing requirement of exporters under the usance L/C.