What does universal coupon mean?

The purpose of U/W is to enhance the competitiveness of the Bank's corporate settlement business, break through the restriction that corporate customers can only handle business in the same city area of the branch where they open accounts, and meet the demand for corporate customers to handle business in branches within the jurisdiction of the Bank;

In particular, it provides efficient and efficient national settlement services for group customers and maximizes the release of bank counter service resources. The Bank has launched a series of agency service products. Agency business refers to the business of accepting customers who have not opened accounts in their own institutions to represent foreign institutions across tier-one branches.

Corporate deposit and withdrawal business is a service product in agency business, and a series of service products such as agency account opening will be launched later.

Extended data:

function

The existence of banks facilitates the collection and financing of social funds and is a very important member of financial institutions.

It can be seen that the bank's business, on the one hand, concentrates idle monetary funds and small monetary savings in society by absorbing deposits, and then lends them to people who need to replenish money in the form of loans; Here, banks act as intermediaries between lenders and borrowers.

On the other hand, banks handle the payment and settlement of money for commodity producers and businessmen, and also act as payment intermediaries. In short, banks play the role of credit intermediaries.