Bank credit. Bank acceptance bills ensure the signing and fulfillment of contracts between buyers and sellers through bank credit intervention, promoting capital turnover.

Financing. The term of bank acceptance bills can be as long as 6 months. Short-term financing can be achieved through partial deposits and guarantees or credit acceptance to reduce capital costs and improve capital efficiency.

The applicant must be a legally registered and operating legal entity or economic organization.

Good credit standing, with no bad loans, unpaid interest, or other negative credit records in the bank over the past two years.

Have reliable means to pay the amount of the acceptance bill.

Bank acceptance bills cannot be used for non-commercial transactions.

(1) The applicant must submit the Bank Acceptance Bill Application and submit the acceptance application to the custodian bank.

(2) After the applicants bank account is approved, the bank shall sign the Acceptance Agreement and Deposit Agreement with the applicant. The applicant shall deposit the margin or complete the pledge freezing procedures and pay the acceptance fee.

(3) The accepting bank shall complete the acceptance procedures and issue to the applicant the second copy of the bank acceptance draft, one copy of the acceptance agreement, customer payment receipt, etc.

(4) The holder of a bank acceptance draft may endorse and transfer it to the endorsee or handle discounting business with the bank.

(5) Request for payment. During the payment presentation period, the holder may instruct their bank to issue a collection letter to the issuing bank, or present the draft directly to the issuing bank for payment, which will then transfer the funds to the holders account.

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