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Repurchase of Commercial Bills

The Repurchase of Commercial Bills includes the reverse repurchase of commercial bills and the repurchase of commercial bills.
The reverse repurchase of commercial bills refers to a transaction where the Bills Department buys the undue commercial bills and where the other financial institution (the transferor) has handled the discounting formalities in compliance with the pertinent regulations, and both parties agree that the transferor shall unconditionally redeem the bills with cash and cash equivalents according to the face value of the commercial bills on the appointed date and shall be responsible for collection of the bill fund upon the maturity. (Should the transferor be a system branch that meets certain conditions, both parties may select to handle the non-physical delivery of reverse repurchase.)
The repurchase of commercial bills refers to a transaction where the Bills Department transfers the undue commercial bills for which it has handled the discounting formalities in compliance with the pertinent regulations to the other financial institution (the "transferee"), and redeems the commercial bills with cash and cash equivalents on the appointed date pursuant to the face value of the commercial bills. In this case, the Bills Department is responsible for collection of the bill fund upon the maturity.

Note: Please contact your local branch for detailed information about the service.

Customer Service Center : 95599

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