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     -  Electronic Commercial Draft Rediscounting (Repurchase)
     -  Electronic Commercial Draft Rediscounting (Buy-out)
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  Home Page > Corporate Banking >Bill Business >Electric Commercial Draft Rediscounting >Electronic Commercial Draft Rediscounting (Repurchase)
Electronic Commercial Draft Rediscounting (Repurchase)
 

I. Description
Electronic commercial draft rediscounting (repurchase) refers to the financing act of a financial institution (seller and rebuyer) applying to the ICBC Bills Discounting Department and related outlets of ICBC (buyer and reseller) for the discount of some discounted or transfer discounted undue electronic commercial drafts in a form without changing the bill owner, the buyer and reseller making payment to the seller and rebuyer according to the par value and the mutually agreed repurchase term and price after deduction of interest, and upon maturity, the seller and rebuyer repurchasing the commercial drafts from the buyer and reseller as per the par value.

II. Target Customers
Financial institutions with bill business license and eligible for interbank business. The commercial drafts involved in ICBC's repurchase business are limited to bank acceptance bill.

III. Features and Advantages
i. This business type allows financial institutions to adjust capital surplus and deficiency, enhance the asset liquidity and simultaneously maintain asset returns;
ii. The flexible term facilitates short-term financing of financial institutions, avoiding extra interest beyond the short-term financing needs, and minimizing idle funds;
iii. It can evade the interest rate risk and guarantee capital gains;
iv. Easy procedures and quick availability of funds highly conform to financial institutions' demands for rapid financing.
v. It can shorten the transit time of commercial drafts and funds, reduce transaction costs, and enhance payment efficiency.

IV. Documents Required
Refer to the Electronic Commercial Draft Rediscounting (Buy-out).

Note: The information provided on this page is for reference only. Concrete business shall be subject to the announcement and provisions of the local outlet.


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