Electronic commercial drafts and bankers' acceptances the same?

Electronic commercial bills of exchange and banker's acceptances are not the same, electronic commercial bills of exchange by the purchasing enterprise acceptance, banker's acceptance by the bank to accept; and then there is a commercial bill of exchange issued by the selling enterprise or purchasing enterprise; banker's acceptance by the bank to open a deposit account issued by the depositor. Usually the banker's acceptance has a high security factor, and the commercial bill of exchange has a lower security factor than the bank.

Electronic commercial bills of exchange generally refers to electronic bills, electronic bills of exchange is the core idea of the physical bills of exchange electronically, electronic bills of exchange can be as physical bills of exchange for transfer, discounting, pledge, collection and other acts. Just each of these are loaded with electronic processing means.

The banker's acceptance is a kind of commercial bill of exchange, is entrusted by the payer to the bank to open a kind of deferred payment of bills, bills due to the bank has the obligation to pay on sight; the maximum term of the bill is one year, the bill can be endorsed within the period of transfer. The banker's acceptance is in triplicate.

Banker's acceptances are generally applicable to all types of state-owned enterprises, private enterprises, health care, institutions and schools, etc., the use of which can significantly reduce financial costs, for the buyer, but also the use of forward payments, to a limited amount of capital to purchase more goods, minimize the occupation of working capital and demand, and is conducive to expanding the scale of production.