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Electronic Commercial Draft Rediscounting (Repurchase)

I. Description
Electronic bills serve as the trading medium for electronic commercial draft buy-and-resell (repurchase). For its description, please refer to the Commercial Draft Buy-and-Resell (Repurchase).

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. Conditions
Refer to the Electronic Commercial Draft Rediscounting for further details.

Note: The information on the page is for reference only. Specific businesses are subject to announcements and regulations of local outlets.

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