Electronic Commercial Draft Discounting refers to the service that CEXIM, at the request of the bearer, accepts and full endorses the undue electronic commercial draft (accepted by banks or finance companies) after charging a certain interest.

Benefits for Customers

Solving the Liquidity: It enables the bearer to convert accounts receivable into current period cash inflow, thus improving your financial position by unlocking funds tied up;

Saving Finance Costs: It is the acceptor’s credit line that is occupied under the electronic commercial draft discounting service, thus reducing your financing costs with an interest rate lower than that of corporate credit.

When Do You Choose Electronic Commercial Draft Discounting?

The buyer requires usance payment, while you do not want to take on the risks of usance payment or lose the trade opportunities;

You wish to reduce the accounts receivable for a better financial statement;

Experiencing temporary liquidity difficulties, you are in a shortage of credit line or unwilling to occupy your credit line.

Tips

Please provide the following documents:

1. Electronic commercial draft service agreement, electronic commercial draft discounting agreement, and application form for electronic commercial draft discounting service;

2. Sales contract, invoice, transport documents and other relevant commercial documents.