What does the bill business include?

Bill business refers to the bill operation of banks in their daily business, which mainly includes a series of business activities such as bill acceptance, bill discount, bill receipt and payment.

Below, according to different business contents, the related information of bill business is described in sections:

I. Acceptance of bills

1. Definition: Bill acceptance refers to the business that banks undertake to pay customers' bills according to entrustment or credit guarantee.

2. Process: The customer submits the draft to the bank for acceptance, and after the bank verifies the authenticity of the draft, it pays the money to the holder within the specified time.

3. Precautions: When accepting, banks need to determine the scope and limit of development according to banking regulations and business policies, and conduct credit evaluation on customers.

Second, bill discount.

1. Definition: Bill discount refers to the business that the holder sells the unexpired bill to the bank, and the bank buys the bill at a certain discount value.

2. Process: The holder brings the unexpired bill to the bank to apply for discount, and the bank buys the bill at a certain interest rate according to the authenticity and credit status of the bill, and pays the discount amount to the holder on the discount due date.

3. Notes: The discount of bills needs to meet certain conditions, such as the validity period of bills, the place of issue, the credit of the drawer, etc. Banks need to review these conditions when discounting.

Three. Receipts and payment orders

1. Definition: Bill receipt and payment refers to the business that banks handle bill business for customers and assume the responsibility of receipt and payment.

2. Process: The customer submits an application related to the bill to the bank, and the bank statement is reviewed, and then the payment or collection is made, and the relevant funds are transferred to the customer account.

3. Precautions: When receiving payment orders, banks need to determine the scope and limit of development according to banking regulations and business policies, and conduct credit evaluation on customers to ensure business safety and compliance.

Fourth, expand knowledge.

Bill is a common payment tool in international trade, and there are many kinds, such as bills of exchange, promissory notes, checks, etc. As an important participant in bill trading, banks promote commercial activities and reduce the financing cost of enterprises by developing bill business.

At the same time, in the bill business, banks also need to pay attention to risk control, and improve business security and controllability through perfect compliance mechanisms and technical means.