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  • Transfer Bank or Corporate Acceptance Draft Discounting Business

    Definition:  Transfer Bank/Corproate Draft Discounting refers to a business that a bank, who has provided a Bank/Corporae Acceptace Draft Discounting to their customers, transfers its discounted and undue drafts to the Bank to obtain the funds. 

    Business Scope: Discounted and undue e-Bank Acceptance Draft and e-Commercial Acceptance Drafts.

    Tenor of Bill: Not more than 1 year