How to discount acceptance bills?

Discounting acceptance bills is a kind of financing behavior that the applicant transfers the unexpired acceptance bills to the bank due to the need of funds, and the bank pays the balance after deducting discount interest to the holder according to the par value.

Conditions that should be met

1, an enterprise legal person or other economic organization that is legally registered and engaged in business activities according to law;

2. It has a real and legal commodity trading relationship with the drawer or previous hand and provides relevant certification materials;

3. Open a settlement account in a bank;

4. The drawer of a non-bank acceptance bill;

5. Meet other conditions required by the bank.

Extended data:

Advantages of bills

1. For the seller, providing advance payment to existing customers or new customers can increase sales and improve market competitiveness.

2. For the buyer, using forward payment to buy more goods with limited funds can minimize the occupation and demand for working capital and help expand the production scale.

3. Compared with loan financing, it can significantly reduce financial costs. It is suitable for companies that accept bank drafts, and for all kinds of state-owned enterprises, private enterprises, medical and health institutions, schools and other units with real trade background and deferred payment needs.

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