Bank Acceptance Draft Discounting | DBS CN Corporate Banking

Bank Acceptance Draft Discounting

Build your business with improved turnaround time and fast access to funds

Build your business with improved turnaround time and fast access to funds

At a Glance

Speed up your turnover and improve your cash flow by selling your Bank Acceptance Draft (BAD)

Features & Benefits

You can leverage our relationship with more than 20 banks in China that accept BADs to improve your working capital

Once the documents are in order, you can convert receivables into cash quickly and easily

Low financing costs for immediate access to funds Low financing costs for immediate access to funds

How to Apply

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.

FAQs

	How is the BAD discounting period calculated?
	The discounting period is calculated based on the number of days from the date of discounting to the BAD maturity date.

	Who pays the interest under BAD Discounting?
	Interest can be paid by either the buyer or supplier under BAD discounting, depending on the agreement.

	What is the maximum BAD tenure?
	The tenor of draft on paper is up to 180 days, and the draft issued electronically through the People’s Bank of China (PBOC) Electronic Commercial Draft System (ECDS).

	What are the major documents provided under BAD Discounting?
	Please contact our Relationship Manager for the full details. Below are some major documents for your reference: Draft Discount Agreement ECDS Service Agreement Original VAT Invoice and Sales Contract / Purchase Order on transactional basis

	How is the BAD Discounting rate calculated?
	Please contact our Relationship Manager for the competitive discounting rate case by case.

	Is BAD Discounting subject to a credit limit?
	No credit limit applies if you are applying for without-recourse BAD discounting, however discounting with recourse are subject to a credit limit.

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