What are the risks of Internet bill financing?

Generally speaking, the risks of bill financing mainly come from four aspects:

1. bankruptcy. According to the financial stability report released on 20 13, commercial banks do not have to cover depositors' deposits. Therefore, if the accepting bank goes bankrupt, investors will directly lose the principal and interest.

2. The authenticity of the bill. Although bill financing is based on bank credit, the premise is that the ticket is true. If it is fake, the platform has no ability to identify or deliberately cover it up, then the investor will not get the principal and interest repayment;

3. Endorsement of bills. If the bill is not endorsed, it will lead to dual-use or multiple endorsements. At this time, investors are also at great risk in purchasing bill financing products;

4. Pay the bill in time. Although these bills are guaranteed by bank credit, if the bank fails to pay them in time, the investor's principal and interest will be delayed. For users with capital turnover needs, the risk should not be underestimated.