Acceptance business's traditional advantages

The traditional advantages of acceptance business are as follows:

1, low threshold, high efficiency and simple procedures.

2. Low financing cost and interest rate marketization. The discount rate of bank acceptance bills is highly market-oriented, which is far lower than the loan interest rate at the same period when the inter-bank funds are abundant.

3. Promote the relationship between banks and enterprises to achieve a win-win situation for banks and enterprises. By adopting bank acceptance bill financing, enterprises can obtain efficient and low-cost financing channels.

4. Reduce the risk of receivables and save management costs. For acquiring companies, forward accounts become "spot" bills, which avoids the risk of bad debts and greatly reduces the loss of bad debts.

5. Tax deduction in advance to increase cash flow. According to the tax law, the input value-added tax can only be deducted after the payment for goods purchased by commercial enterprises is completed.

6, increase corporate credit, improve the bargaining chip. Bank acceptance bills opened by enterprises are guaranteed by bank credit, which has strong liquidity and makes up for the shortcomings of insufficient credit of enterprises.

7, can strengthen the financial supervision of enterprises. Bank acceptance bills can play the role of financial supervision in financial management.

8. Enhance the company's competitiveness and expand the production scale. For sellers, providing customers with forward payment can increase sales and improve market competitiveness. For the buyer, using forward payment to buy more goods with limited funds can minimize the occupation of working capital and demand, which is conducive to expanding the scale of production.