Introduction
The Trade Acceptance Discounting refers to an instrument financing arrangement where the bearer sells the trade acceptance in its legal possession 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 short-term working capital need of the customer during the normal production and business activities.

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 eligible according to Hua Xia Bank's credit control requirements.

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

Interest Rate 
The discounting interest rate is determined according to the discount 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 trade acceptance before maturity for 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) For intended third-party guarantee, mortgage, or pledge, provide relevant materials corresponding to guarantee, mortgage, or pledge loan; 
8) Other documents as required by Hua Xia Bank.