The total loans and advances to customers (excluding accrued interest) by business type include corporate loans, retail loans, discounted bills
, and overseas and other loans, which amounted to RMB6,985,759 million, RMB4,913,316 million, RMB307,161 million and RMB427,865 million, respectively.
Postal Savings Bank of China (PSBC) and 12 other financial institutions were fined CNY0.3 billion this week for violations over discounted bills
. In contrast, the China Banking Regulatory Commission imposed fines totalling just CNY0.6 billion on 1,386 financial institutions during the first nine months of 2017.
It is believed that a bank official discounted bills
against which underlying trade transactions were fake or non-existent, leading to the fraud.
Paying energy bills by monthly direct debit's up to 6% cheaper IF you can, do, as it'll usually mean discounted bills
of up to 6% less, so contact your provider to check.
In the light of the total reduction of investments in the securities (a0.9%) the dynamics of discounted bills
Another concern is the bank's small equity, as well as the needed enhancements in its risk management system under low level of provisioning by lending transactions and significant amount of loans granted by discounted bills
Like conventional banks, it took deposits, made loans, and discounted bills
In addition to cash drain induced by bank failures, another good example of this is from the first year of the Great Depression (August 1929-September 1930): the MB fell by over $300 million due mainly to a decline in bank borrowing via discounted bills
(F&S 1963, 340-341).
The financing includes before and after shipping facilities, loans against trust receipts, discounted bills
, payments for receivable amounts and discounted export bills.
Indeed, some companies will give you discounted bills
if you pay by direct debit and you can save up to 13 per cent.
Incentives: Internet and telephone banking, free mobile phone with discounted bills
or pounds 40 cash.
Then the vendors you're working with will begin sending you discounted bills
and invoicing SLC for the difference.