Domestic Trade Finance

The Non-standard Warehouse Receipt Pledged Credit Facility refers to a credit granted to the borrower against a pledge of warehouse receipts issued by the warehouse keeper for the pledgor in accordance with the supervision agreement signed among ABC, the pledgor, and the warehouse keeper. more 》

The Financing under Repurchase Guarantee refers to a package of financial services where ABC provides credit support to the buyer for the purpose of purchasing products from the supplier, while the supplier undertakes to repurchase such products from the buyer and use the proceeds to repay ABC in case the buyer is unable to repay the debts timely. more 》

The Bank Acceptance Draft is a draft signed by the applicant. After the opening bank's approval to accept the draft upon request by the applicant, the bearer of the draft shall present the draft to the payer for payment upon maturity or several days before maturity of the draft (subject to rough estimation of mail time). more 》

The Bank Acceptance Draft Discounting means the lawful bearer of the bank acceptance draft sells the draft to a commercial bank for an amount of funds before its maturity. more 》

The Bill Discounting with Interest Paid by the Buyer is a type of service where the seller (the applicant) transfers the rights under the commercial draft to ABC with the interest paid by the buyer prior to the maturity of the draft. more 》

Domestic factoring business refers to the integrated financial service that, a domestic seller (creditor) assigns its accounts receivable arising from its sale of goods or rendering of service to a domestic buyer (debtor) or other reasons to the Bank, and the Bank provides the seller with accounts receivable factoring financing service and/or commercial credit investigation service and/or accounts receivable management and collection service, and/or provides the buyer with credit risk guarantee service. more 》

When the balance of a customer's corporate settlement account in ABC is not enough for payment and settlement, the customer is allowed to pay by way of overdraft and make repayment automatically with the receipts in the account within the agreed overdraft limit and period. more 》

Commercial draft discount by proxy refers to the service that the holder (principal) of commercial draft entrusts its proxy to handle draft discount formalities on his behalf with ABC and ABC pays discounted funds to the holder after discounting the commercial draft according to relevant regulations, which includes banker’s acceptance discount by proxy and commercial acceptance discount by proxy. more 》