Introduction
The Bank Acceptance Discounting is a service where the bearer sells the bank acceptance in its legal possession before maturity to Hua Xia Bank, whereas Hua Xia Bank deducts the discount interest on the face value and pays the balance to the bearer. 

Functions and Features
It supports the development of commercial credit and provides credit support to address the funding need during the normal production and business activities of the customer. 

Target Clients 
The discounting applicants can be corporate and other organizations of economic activities compliant with the General Provisions of Loans of the People's Bank of China and qualified as borrower according to Hua Xia Bank's credit control requirements.

Currency and Tenor
RMB is the currency in the service. The tenor is from the bank acceptance discounting date till the expiration date but no more than half a year.

Interest Rate
The discount interest rate is determined according to the discounting interest rate level in the market and of Hua Xia Bank's rules with compliance of rules of the People's Bank of China. 

Application Materials
1) Credit application; 
2) Original and photocopy of the bank acceptance before maturity of discounting; 
3) The applicant’s qualification certification documents; 
4) Audited annual statement of the prior year and the most recent financial report; 
5) Board resolutions; 
6) Photocopy of commodity trade contract and VAT invoice; 
7) Other documents as required by Hua Xia Bank.