- Solutions
- Trade Finance
- Domestic Draft
- Bank Acceptance Draft Issuance
Bank Acceptance Draft Issuance
Improve your working capital by deferring payments
- Solutions
- Trade Finance
- Domestic Draft
- Bank Acceptance Draft Issuance
Bank Acceptance Draft Issuance
Improve your working capital by deferring payments
Increase the efficiency of your working capital and defer payment on purchases by issuing a Bank Acceptance Draft (BAD).
![location](/documents/1055201/279145462/003.png/caea69f6-e968-34f9-37e3-44bc668b201f?t=1576046369531)
Transferrable
BAD is transferable, which can be endorsed to other companies for settlement of debt; or to a bank for collection or financing (discounting)
![business](/documents/1055201/270138854/027.png/68f7d9e3-452c-bd3b-2c96-261a5098b0d2?t=1576045421413)
Widely-acceptable
BAD is one of the most popular settlement instruments used in domestic trade in China
![time](/documents/1055201/279038659/015.png/e8ee4dc7-c56d-54d6-3bd9-6d09a62cf0ea?t=1576047589103)
Flexible draft tenor
BAD has a flexible tenor to fit your business requirement (physical draft tenor up to 6 months while electronic draft tenor up to 1 year), which can be used to lengthen buyer’s days-payable-outstanding (DPO)
![currency](/documents/1055201/275625036/003.png/1847fb2c-a48b-514e-d0c3-0d4e5e55e06f?t=1576045682814)
Improve cash flow
With DBS China’s payment undertaking under BAD, your supplier can discount the draft and obtain financing from their banks, or DBS China itself
![money](/documents/1055201/271479275/010.png/3948aa21-6314-b99b-f680-56eafed0c2a4?t=1576046589588)
Save cost
Competitive pricing to save your cost financially
Call us on 400 821 8881 or visit any of our Branches for more details. You may also email us and arrange our Relationship Manager to call you.