Corporate customers in mainland China with HSBC accepted bank acceptance draft with no further endorsement are entitled to the following discounting benefits and rights under bank acceptance draft discounting express:
* Subject to approval by HSBC
A bespoke solution for E-bank acceptance draft pool pledge* that enables automated AR/AP management, lower take-up of corporate capital, financial cost savings, more efficient capital operations and optimized cash flow.
*Requirements for E-bank acceptance draft pledge: E-bank acceptance draft compliant with HSBC requirements. Each pledger is required to hold an RMB settlement account with HSBC
**Requirements of specific trade offerings apply
This solution directly connects corporate customers’ financial system with the ECDS, which delivers significantly higher operational efficiency for corporate finance professionals. Leveraging the e-draft platform with host-to-host function, each corporate can easily set up a center of shared financial services that centrally manages drafts for all local subsidiaries so as to holistically plan and manage working capital, and save financial and operating costs.
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