Commercial Draft Acceptance and Discounting

Features and Benefits

• Drafts are issued as a common form of post date payment for business transactions in China

• HSBC could accept your draft to increase its creditability and thus enhance your bargaining power with your
  suppliers

• For drafts accepted by other local banks, HSBC is able to discount them and advance the cash to you

• Free up your liquidity at an earlier stage in your business cycle - bank accepted draft discounting enables
  you to access funds that would otherwise be tied up with your debtors, providing you with the ability to quicken
  your business's cashflow

• The commercial draft acceptance service is currently available in our Shanghai and Shenzhen branches

• Drafts can be discounted in Renminbi, and this service is available at the majority of our branches across
  mainland China, giving you maximum flexibility in your domestic business transactions

If you would like to explore in more detail the availability of Renminbi and foreign currency borrowing in China, why not take a look at our FAQs?

Would you like to apply for commercial draft acceptance or discounting, or to discuss this with us in person? Please click on the button below if you would like us to contact you to make an appointment at a time and place that suits you.