I. Description
Agent-based access business of electronic commercial drafts can be divided into two parts, i.e., agent-based access of electronic commercial drafts and agent-based registration of paper bills.
Agent-based access of electronic commercial drafts refers to business that the principal financial institution handles its electronic commercial draft business via the business module of electronic commercial drafts in ICBC’s corporate online banking, namely, the principal financial institution does not directly access the electronic commercial draft system of the PBC, but realizes indirect access via ICBC system as a customer of the ICBC Bills Discounting Department.
Agent-based registration of paper bills refers to the business that the principal financial institution registers the information related to its paper bills via the corporate online banking system of ICBC into the system of electronic commercial drafts.

II. Target Customers
Banking and financial institutions and finance companies with bill business license.

III. Features and Advantages
i. Relying on ICBC’s proven electronic commercial draft system and corporate online banking system, the customers ineligible for direct access to the PBC’s electronic commercial draft system or those without direct access to this system are enabled to handle the business of electronic commercial drafts;
ii. The principal only needs to open a settlement account at ICBC and sign a Service Agreement of ICBC on Agent-based Business of Electronic Commercial Drafts or Service Agreement of ICBC Bills Discounting Department on Agent-based Registration of Paper Bills, and is enabled to handle the business of electronic commercial drafts via ICBC’s corporate online banking, without any customized software, in which way the R&D and O&M cost of its own IT system is saved;
iii. Electronic data stream and reliable electronic signature verified by security authentication are used for electronic commercial drafts, which can curb the crimes of forged bills and cloned bills, and meet the customers’ anti-forgery demands on commercial drafts;
iv. After the business is done, the principal can check the information related to its commercial drafts by the multi-dimensional inquiry function, including inquiry of trading results and the response (acceptance or rejection) of the counterparty.

IV. Conditions
i. The customers shall sign the Service Agreement of ICBC on Agent-based Business of Electronic Commercial Drafts or the Service Agreement of ICBC Bills Discounting Department on Agent-based Registration of Paper Bills;
ii. Other documents required for opening a settlement account or corporate online banking service at ICBC.
iii. Other documents required by the ICBC acceptance institutions.

Note: The information on the page is for reference only. Specific businesses are subject to announcements and regulations of local outlets.