Working Capital -Bank Acceptance Draft (BAD) Issuance
Improve your working capital by deferring payments
Increase the efficiency of your working capital and defer payment on purchases by issuing a Bank Acceptance Draft (BAD). It is widely accepted in China where you can assure your suppliers of payment and improve relationships by issuing a BAD to cover the cost of the goods you receive. In turn, your suppliers can obtain up to 100% financing with a BAD, and often offer discounts as a result. Choose from a range of amounts and tenures up to six months or a year* to meet your needs. We also offer a consulting service to help you with any concerns or issues you may have with your suppliers.
As required by PBOC, starting from 1 January 2017, all commercial drafts worth RMB 3 million or more must be handled through electronic system (ECDS); from the beginning of 2018, all commercial drafts worth RMB 1 million or more should be in principle issued electronically. For more details, please click here.
Why choose DBS Bank Acceptance Draft Issuance?
- Defer paying for your purchases by up to six months or a year*
- Leverage DBS’ reputation and relationship with banks in China
- Issue BADs for a minimum commission of just 0.05%
- Choose a draft amount and tenure to suit your business needs
- Assure your suppliers of payment upon draft maturity
- Enhance your relationship with suppliers, who can obtain up to 100% financing based on your BAD
- Resolve issues with your suppliers with advice from our consultancy service
Source:DBS
No comments:
Post a Comment