(1) Commercial Draft Discounting ?
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The bearer of a commercial draft may transfer the draft to a bank before maturity, and the bank gives the bearer the draft amount minus discount interest. If the unit holds the legal commercial draft and needs the short-term financing, it can come to the branches of JNB for commercial draft discounting.

The JNB can provide high-quality and effective commercial draft discounting services for Legal-person or other economic organizations registered with the industrial and commercial administration or their supervising authorities.

? (2) Bank Drafts?

If your corporation needs the short-term funds when purchasing and selling goods, you can apply for bank drafts. After the application is approved, our bank will sign and issue drafts. Our bank will pay the amount indicated on the draft to the payee or bearer unconditionally upon maturity.?

As the payer, bank drafts service is a payment tool offered by our based on the bank credits. Therefore it is easy to be accepted by sellers because it is of higher credit. To the sellers, before the maturity of bank drafts, they can get funds by applying for discounting.??

Features of bank drafts:1. There is no limit on minimum amount.2. The bank is the major debtor.

3. The drawer must open a deposit account at the accepted bank.4. The prompt is up to six months.

5. It may be discounted within the period of validity.6. It may be endorsed within the period of validity.