Rediscount
Business Introduction
Rediscount refers to the bill activities where our Bank transfers undue commercial bills that are discounted or transfer discounted to the People’s Bank of China to obtain financing. Rediscount is divided into buyout and repurchase rediscount.
Qualifications
The application for handling the business shall strictly abide by the requirements of the local People''s Bank of China.
Business Process
The applying bank submits the application for rediscount to the local People''s Bank of China→ the local People''s Bank of China accept, examine and approve the application → the two trading parties sign the contract→ the applying bank delivers bills and obtains financing