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Agency Collection of Commercial Draft

I. Overview
Agency Collection of Commercial Draft refers to a service whereby the draft holder entrusts the ICBC Bills Discounting Department and branches to handle the agency collection of due commercial draft.

II. Target Customers
Enterprises and financial institutions with commercial draft.

III. Features and Advantages
i. Shortening transit time of funds and efficient bill settlement based on ICBC's network all over the country and its professional service;
ii. Dynamic monitoring on matured bills and real-time follow-up to promote the collection of matured bill amount and enhance the fund turnover rate;
iii. Cuts down the final-period management cost of bills receivable, removes the collection stress and improves the management of stock bills for the customer.

V. Required Documents
i. Copy of business license, organization code certificate or financial institution business permit;
ii. Original ID card of agent, copy of ID cards of agent and legal representative;
iii. Commercial draft with full endorsement;
iv. Other documents required by the ICBC Bills Discounting Department and branches.

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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