Bill Business

The Bank's Acceptance of Commercial Bills is serviced by the Bills Department, in the capacity of acceptor and upon request of the bill drawer (i.e. the acceptance applicant), promises to unconditionally pay the face value of the commercial bills to its beneficiary or the bill holder at the maturity date of the commercial bills. more 》

The Discounting of Commercial Bills refers to a transaction when the holder of commercial bills pays a certain amount of interest and transfers rights on the commercial bills to the Bills Department in order to obtain funds before the maturity date. more 》

The Transfer discounting of commercial bills includes the outright purchase of commercial bills and the outright sale of commercial bills. The outright purchase of commercial bills refers to a transaction where the Bills Department buys the undue commercial bills for which the other financial institution (the transferor) has handled the discounting formalities in compliance with the pertinent regulations and the Bills Department is responsible for collection of the bill fund upon the maturity. more 》

The Repurchase of Commercial Bills includes the reverse repurchase of commercial bills and the repurchase of commercial bills. more 》

The Repurchase of Credit Assets refers to a transaction where the holder of credit assets (the "transferor") transfers the credit assets agreements in its possession to the Bills Department (the "transferee") during a specified period of time, and after the credit asset transfer agreement comes due, the transferor unconditionally buys back the credit assets from the Bills Department based upon stipulations within the agreement. more 》

The Cooperative Deposit Business includes: 1) due from banks and other financial institutions business and 2) due to banks and other financial institutions business. more 》

This refers to the agency business, including agency enquiry and reply, agency acceptance, and agency custody of commercial bills. more 》