I. Introduction
Commercial Bill Discounts service is defined as a business activity that Bill Business Offices and ICBC branches purchase immature commercial bills with true trading background from enterprise bill holders or other organizations that can prove the bills are obtained legally in a full endorsement way.
　　
II. Target Client
Legal-person-typed enterprises and other economic organizations holding bills and with the short-term financing requirements.
　　
III. Features
1. Boost enterprise assets turnovers and reduce bill receivables;
2. Reduce enterprise financing costs and lower accounting fees.

IV. Operation Guide
1. Discount applicant proposes service applications and submit discount documents;
2. Bill Business Offices and other business branches examine the submitted discount application documents;
3. Two parties sign a discount contract;
4. Bill Business Offices and other business branches process discount applications and transfer the funds to applicant.

V. Required Documents
1. The photocopy of the original or duplicate of the applicant’s Business License, the photocopy of the Certificate of Organization and Institution Code (the mentioned photocopies must be submitted after annual inspection for first applications, changing existing discount service, and expired discount services);
2. The original identification of the person conducting the application, the photocopy of identification of the person conducting the application and enterprise’s legal person, and an introduction letter to the person conducting the application or the employee’s registration card of this person;
3. A corporately sealed or agent-signed or sealed commission letter with application-related authority to the person conducting the application;
4. Loan card (original or photocopy), loan card’s password, and the Certificate of Funds Transfer Account;
5.  The original commercial bills and photocopy of both sides of the commercial bills;
6. Both the original and photocopy of the trading contract;
7. Both the original and photocopy of associated tax invoices;
8. The discount applications with the corporate seal and legal person's person seal or signature (the application must follow the specified format);
9. The discounts vouchers with the corporate or financial seal, the seals must be identical to the ones preserved at ICBC;
10. Audited Balance Sheets and Income Statements of last year and current Balance Sheet and Income Statement;
11. The completely filled “Discount Agreement (with specified format)” with corporate or contract seal and enterprise's legal person’s (or authorized agent’s) seal or signature;
12. Other application documents required by Bill Business Department and other business branches.