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CASH MANAGEMENT | Cesar Tordesillas, China
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ICBC rolls out bill poll service for corporate customers

ICBC launch of bill pool service nationwide specially for corporate clients who demand for cash management service.

 

This made ICBC the first commercial bank in China to roll out integrated bill management service.

At the heart of the new offering is bill custody, bill pledge and other functions.

ICBC's new bill pool system is designed in accordance with the customer requirements. The new system incorporates the bill assets of customers into cash management service and enables companies to manage company funds and bills together, freeing up their liquid assets to improve asset operation.

It enables corporate group customers to free up bill assets, increase bill income and reduce bill risk backed by the systematic management on the liquidity.

By signing up ICBC's bill pool service, corporate customers can manage bills from one location online and get a clear picture on all bill assets in the corporate group. Since bill limit within the corporate group can be shared, corporate customers can also use bill pool service to sign up many off-balance sheet services offered by commercial banks to get credit facility flexibly.

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