Bill Transfer Discount: It is an activity of a financial institution transferring the undue and discount commercial bill to another financial institution on a discount basis in order to obtain funds, which is a way of financing for financial institutions.
Bill Rediscount: It is an activity of a financial institution transferring the undue and discount commercial bill to the People's Bank of China on a discount basis in order to obtain funds. Commercial bills for rediscount include bank acceptance bill and commercial acceptance bill.
