What are the risks of commercial acceptance bills and how to deal with them?

The risk of commercial acceptance bills is the risk of non-payment at maturity.

Accepting commercial acceptance bills is risky. But in order to promote the transaction, the following ways can be adopted?

If the customer is required to draw a commercial acceptance bill payable at sight, we can first present the bill payer for payment and obtain the corresponding money, and then deliver the goods to the customer (drawer or endorser in the bill law);

For the long-term commercial acceptance bills issued by customers, our company will discount them to commercial banks engaged in related businesses before delivery, on the condition that the right of recourse is waived.

The drawer makes an application and the bank issues a letter of guarantee. Our company can deliver the goods first and then discount them to the bank that issued the letter of guarantee. If the bill is not discounted, but is presented to the payer for acceptance or payment at maturity, there may be certain financial risks. Even if the successor waives the right of recourse to our company, it is legally established, but the responsibility for the authenticity of the commercial acceptance bill is still borne by the successor. It is impossible to avoid the occurrence of bill fraud.