Introduction  
The Buyer/Shared Interest Payment for Bill Discounting is an arrangement where the seller presents the commercial bills (bank acceptance or trade acceptance) before maturity to Hua Xia Bank for discounting after the goods are sold. The buyer and the seller stipulate through agreement that the buyer bears or the buyer and the seller share the payment of discount interest on the bill.  
 
Category  
1. Interest-bearing Bill Discounting by the Buyer: The buyer bears and pays all discounted interest.  
2. Interest-bearing Discounting through Agreement: The buyer and the seller negotiate for their share of discounted interest payment. 

Functions and Features  
It provides funding support to address the short-term working capital need of the customer during the normal production and business activities. It also helps reduce buyer's financing cost by enabling the seller to collect the fund with flexible means of interest payment in a timely manner. 

Target Clients
The discount 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 for working capital loan according to Hua Xia Bank's credit control requirements.

Currency and Tenor  
RMB is the currency in service. The maximum tenor is 6 months.

Interest Rate 
The applicable bill discounting interest rate stipulated by the People's Bank of China.

Application Materials  
1) Discounting application; 
2) Original of the commercial bill before maturity for discounting; 
3) The applicant’s qualification certification documents; 
4) Business licence, corporate code certificate, certificate of tax registration, loan certificate (card), legal representative qualification certification document, ID document of the officer-in-charge, letter of authorization, and board resolutions; 
5) Original and photocopy of underlying goods or labor trade contract or other legal vouchers proving legitimacy of the bill, and documents proving the execution of the underlying goods or labor trade, including VAT invoice, shipping orders, warehouse bills, and bills of lading; 
6) Audited financial statement of the recent three years and the most recent financial statement; and 
7) Other documents as required by Hua Xia Bank.