Finance business includes the following 7 categories: bill financing, trade financing, comprehensive credit granting, syndication loan, short-term and medium- and long-term loans in domestic and foreign currencies, automobile full course link financing and warehouse receipt pledged loans.


1 Bill financing


Bill financing, as the important instrument to increase the financial income, adjust credit structure and strengthen the liquidity management, is increasingly attracting attention of the people from all walks of life widely. CEB has introduced successively a series of bill products, such as standard full leveraged banker's acceptance bill, interest-paid bill discount from agreement, interest-paid bill discount from buyer, bill package buyout, group discount, trade acceptance bill purchase, and acceptor’s discount on the security and agency discount on trade acceptance bill.


1.1 Straight discount:


1.1.1 Banker's acceptance bill discount


Banker's acceptance bill discount: Banker's acceptance bill discount is a credit granting service whereby the bill holder transfers the undue banker's acceptance bill endorsement to CEB, and the latter will pay the holder for the balance after deducting the discount interest at the discount rate.


Standard full leveraged banker's acceptance bill: It means that CEB issues the banker’s acceptance bill with the amount no more than the sum of deposit and interest on it within the client’s deposit line.


Interest-paid bill discount from agreement: It is a kind of bill discount whereby the seller (drawer) applies for discount at CEB with the undue commercial bill delivered by the buyer (drawee) after selling the products, and shares the payment of interest on bill discount under the agreement between both parties.


Interest-paid bill discount from buyer: It is a credit granting service whereby, under the agreement, the buyer (drawee) undertakes to pay the discount interest of the commercial bill issued by the buyer or seller (drawer) after acceptance by the account bank of the buyer or the seller; the seller applies the discount business at its account bank (CEB) with the undue bill and the latter will withhold the discount interest from the buyer and pay the balance to the seller after its verification and approval.


Group discount: It means that any member of a group transfers all the bill endorsements to the group settlement centre who applies to CEB for discount collectively, and the latter remits the balance after discount to such settlement centre.


Banker's acceptance bill purchase: It is a credit granting service whereby CEB, upon application, purchases without recourse the term banker’s bill presented by the applicant (bill holder), accepted by the bank that satisfies the requirements of CEB’s inter-bank credit management and priced by RMB.。


"Bill Package" buyout: It means that, CEB, upon application of the client, purchases without recourse the payable banker’s acceptance bill held by such client in consideration of the payable banker’s acceptance bill issued by the client and accepted by CEB as well as of partial cash.


1.1.2 Commercial acceptance bill discount


Commercial acceptance bill discount: Commercial acceptance bill discount is a credit granting service whereby the bill holder transfers the undue commercial acceptance bill to CEB, and the latter will pay the holder for the balance after deducting the discount interest at the discount rate.


Commercial acceptance bill purchase: It is a credit granting service whereby CEB, upon application, purchases without recourse the term commercial bill held by the applicant (bill holder) and accepted by the enterprise that satisfies the requirements of CEB.


Acceptor’s commercial acceptance bill discount under security: It means that CEB undertakes to perform discount on commercial bill accepted by special acceptor within the discount limits prior approved by the former, or offering the acceptor the limit of discount.


Agency discount: It means that the applicant for discount on commercial bill, under the agreement made by such applicant, its agent and discount bank (CEB), entrusts its agent to go through the discount procedures with the discount bank; after verification and approval, the discount bank will pay the applicant for such discount amount.


1.2 Inter-bank discount service


Repurchase (buy in) discounted bill: The repurchase (buy-in) of rediscount means that any other financial institution transfers the discounted, undue and formal commercial bill to the Bill Centre of CEB.


Resell (sell out) discounted bill: It means that the Bill Centre of CEB transfers the discounted, undue and formal bill to any other financial institution in order to obtain financing.


Buy in and resell (reverse purchase): It means that any other financial institution transfers the discounted, undue and formal commercial bill to CEB and repurchase such commercial bill at the agreed time and price.


Sell out and buy back (repurchase): It means that the Bill Centre of CEB transfers the discounted, undue and formal commercial bill to any other financial institution and repurchases such commercial bill at the agreed time and price.


1.3 Rediscount service:


It means that the Bill Centre of CEB transfers the discounted or rediscounted and undue commercial bill to the People's Bank of China in order to obtain financing.