What are the main bank settlement methods now?

A, the latest bank settlement methods in 2011: 1, bank drafts 2, bank cashier's checks 3, commercial drafts 4, cheques 5, credit cards 6, exchange 7, entrusted collection 8, consignment 9, letter of credit Bank transfer settlement, refers to the enterprise in the bank to open an account, and deposited enough funds, in the process of commodity transactions, the supply of services and funds payment and other transactions occurring beyond the cash Receipt and payment of the scope of monetary transactions, through the bank will be transferred from the payment unit account to the account of the recipient unit behavior. At present, enterprises can use eight settlement methods, namely: checks, bank drafts, bank drafts, commercial drafts, exchange, entrusted collection, collection and credit card. Of the checks, cashier's checks, bank drafts, commercial money orders, and credit cards, only the checks are accounted for under the bank deposit account, the cashier's checks, bank drafts, and credit cards are accounted for under the other monetary funds account, and the commercial money orders are accounted for under the notes payable account. Comparison of different settlement options Corporate finance in addition to a good grasp of the bank's settlement provisions above, but also focus on the comparison of settlement methods and research, from a variety of comprehensive considerations to choose the bank settlement. From the comparison of the characteristics and limitations of various settlement methods, pay attention to the enterprise bank settlement activities and production and business activities inherently linked to pay attention to the coordination of financial policy, cooperation, in order to select the most appropriate. 1, from the point of view of payment guarantee to compare the choice of settlement. If the sales enterprises do not grasp the credit situation of the purchasing unit, in a timely manner, the full recovery of sales of goods lack of confidence, you can choose to exchange or check the amount of money on delivery, bank drafts, bank drafts, bankers acceptances settlement; if the credit situation of the purchasing unit to understand the previous transactions in the past no bad payment record, in addition to the selection of the above settlement method, you can consider taking the check settlement method If the creditworthiness of the purchasing unit is relatively high, while selecting the above settlement methods, you can also consider the use of commercial promissory notes, entrusted collection settlement. 2, compare the payment period, choose the settlement method. If you intend to receive immediate payment, you can select the exchange, credit, check, cashier's check, bank draft settlement. If you intend to collect the forward payment, you can choose the settlement method of banker's acceptance and commercial acceptance. 3, according to whether you can decide to transfer the note for selection. If the payee wants to endorse the transfer of the instrument again, you can consider selecting the bank draft, cashier's check, check or commercial draft settlement, otherwise, select the exchange, credit, entrusted collection settlement. 4, in accordance with the requirements of whether the funds from the bank to choose. If the bearer intends to obtain loans from commercial banks with the ticket, you can choose a banker's acceptance, commercial acceptance settlement, otherwise, choose other settlement methods. 5, from the point of view of anti-counterfeiting to choose. If you are worried about the traditional banker's acceptances and commercial acceptances are "cloned", you can increase the use of electronic banker's acceptances and commercial acceptances. 6, from the point of view of fraud prevention, such as enterprises in the sale of goods, choose bank cashier's checks, bank drafts or electronic bankers' acceptances settlement, you can avoid the purchaser to issue a blank check, signature and reserved bank seal does not match the cheque and make the enterprise property is cheated the risk of fraud; and such as enterprises in the procurement, choose bank draft settlement, on the one hand, you can avoid the risk of carrying large amounts of cash, on the other hand, you can also avoid the exchange settlement, the amount of money to be cheated. Can avoid the exchange settlement, the payment of money can not get the risk of goods. To sum up, a variety of settlement methods have their own characteristics, they have **** the aspects, but also unique aspects; both common aspects, but also complementary aspects, enterprises must pay attention to this aspect of the comparative research work. At the same time, the enterprise financial personnel should also understand the enterprise purchase and sale activities, especially on the supply and demand information, the situation should be properly grasped. In sales activities, if the enterprise's products in the market are in short supply of goods, demand exceeds supply, you can take the exchange, check payment to the account after delivery, bank drafts, bank drafts approach; if the enterprise's products are roughly the balance of supply and demand for commodities in the purchasing unit agrees to the case, in addition to taking the above approach, you can consider the use of banker's acceptances, cheques settlement; if the enterprise's products in the market are in excess of demand, the supply of goods is more than the demand for goods, the supply of goods is more than the demand for goods. If the products of the enterprise in the market belong to the commodity supply exceeds demand, in the selection of the above settlement methods, methods at the same time, you can also consider the selection of commercial acceptances, entrusted to the settlement of receipts. Similarly, in procurement activities, should also distinguish between different situations, select the appropriate settlement method. Second, the electronic bill of exchange process: bill of exchange application form to fill in and requirements according to the requirements of different banks are not quite the same, mainly reflected in the agent to pay the bank column, the agent to pay the bank is mainly in the issuance of cash bank drafts, the need to designate the solvency of the bank to fill in the agent to pay the bank, the column fill in or not fill in no particular relationship, just some banks must not fill in the requirements of the bank is only. Other attention is to fill in the payee and payer, can not be altered, the amount of capitals and lower case to be consistent. The first card, the second promissory note, the third release notice, the fourth stub by the issuer of the deposit check. The procedure for handling banker's acceptance is as follows: (1) Banker's acceptance is specifically applied to the bank by the payer or the acceptance applicant, which is examined and agreed by the bank, and the accepting bank will sign the acceptance of the commercial bill of exchange, guaranteeing that the bill is due for unconditional payment. Banker's acceptance is a combination of commercial credit and bank credit credit instrument, bank acceptance is essentially a form of bank external credit guarantee. The accepting bank charges the applicant for acceptance one-thousandth of the acceptance handling fee according to the face amount of the bill, and if the acceptance handling fee is less than ten dollars per transaction, it is charged at ten dollars. (2) The receiving unit or the endorsed person will send the matured bank acceptance together with the mail or telegraphic transfer entrusted collection voucher to the bank for transfer, and prepare the collection voucher according to the bank's collection notice. When the receiving unit applies to the bank for discounting of an outstanding commercial bill of exchange, it shall fill in the discount voucher according to the regulations and send it together with the bill of exchange to the bank for transfer, and prepare the collection voucher according to the bank's notification of collection. (4) The applicant for acceptance pays the payment to the payee, the endorsed or the discounting bank before the bank acceptance is due. The payer prepares the payment voucher accordingly when it receives the payment notice from the bank. If the acceptance applicant fails to deposit the full amount of the bill on the due date of the bank acceptance, the accepting bank, in addition to making unconditional payment to the payee, the endorsed person or the discounting bank with the bill, shall, according to the provisions of the acceptance agreement, transfer the undiscounted amount of the acceptance to the payer's (acceptance applicant's) loan account as an overdue loan, and carry out the withholding of payment from the acceptance applicant and charge a daily interest rate of five ten-thousandths of one percent on the undiscounted amount of the acceptance. Penalty Interest. In order to strengthen the management of commercial bills of exchange, enterprises should designate a person responsible for the management of commercial bills of exchange and set up a "bill receivable and bill payable docket" to make a detailed registration of each bill receivable and bill payable, and then cancel the bills one by one when they are due to be settled in the "docket". Banker's Acceptance invoicing process is generally this: First, the enterprise to obtain the bank's credit line, the second is to prove that the trade background of the purchase and sale contracts, the third is in accordance with the bank's requirements to deposit a certain amount of deposit (enterprise credit to achieve good credit loan conditions can be 0 deposit), with the above basic conditions (the bank also requires other information, such as: business license, certificate of institutional code, tax registration certificate, the last three years of the After the above basic conditions (the bank also requires other information such as: business license, institutional code certificate, tax registration certificate, financial statements for the past three years, etc.), you can let the bank to issue promissory notes. Banks charge different handling fees, about five ten thousandths of a percent, some banks may also want to charge a little financial advisory fees. Banker's acceptance is a negotiable instrument with the bank as the acceptor. Acceptance refers to the acceptor in the bill of exchange due date unconditionally to the payee to pay the amount of the bill of exchange of the instrument behavior. After the payer indicates the word acceptance on the bill of exchange and signs it, it confirms the payment responsibility of the bill of exchange and becomes the acceptor. The acceptor gives acceptance to the applicant for acceptance, that is, gives the applicant a forward credit commitment, and guarantees to any proper bearer that if the balance of the applicant's deposit account at the time of the maturity of the bill of exchange does not amount to the amount of the bill of exchange, the acceptor bears the responsibility to pay unconditionally, and that the banker's acceptance will be due from the date of its issuance to the due date of the acceptance, with the maximum period not exceeding six months. Banker's Acceptance The purchaser may apply to the depositary bank due to shortage of funds or the need of fund management, and the depositary bank agrees and promises to advance a certain amount of money to the seller when the purchaser's deposit is insufficient. Purchasing and selling parties must agree on the payment date in advance and fill in the maturity date of the bill of exchange on the bank acceptance, and the seller will hold the bill of exchange on the maturity date of the bill of exchange to collect the payment from the depositary bank. Scope of application of the customer Legal persons and other organizations that have opened deposit accounts in banks can use banker's acceptances for settlement of payments for real transactions of goods or services. Characteristics 1, no limit on the starting point of the amount; 2, the bank is the main debtor; 3, the customer must open a deposit account in the accepting bank; 4, the payment period of up to 6 months; 5, the payee can apply to the bank for payment with the bill before the due date of the bill of exchange; 6, it can be transferred during the validity period of the bill of exchange; 7, for the buyer, the use of banker's acceptances does not need to be paid, that is, to complete the payment of the purchase price is equivalent to obtaining a low-cost bank acceptance from the bank, the bank acceptance is not required to pay the payment of the purchase price of the goods. Banks to obtain a lower cost of funds, which is the financing function of the banker's acceptance; for the seller, in the banker's acceptance before the expiration of the banker's acceptance, you can also apply for discounting from the bank to obtain funds. 8, the bearer can hold the unexpired banker's acceptance to be transferred to other creditors through endorsement; 9, only used between units and units; 10, the same city, different places can be used. Related services 1, acceptance Commercial transactions in the receipt, the payment of the two sides agreed to pay for goods within a certain period of time, the payer with the agreement, you can apply for a banker's acceptance to its depositary bank. The depositary bank agrees to handle the acceptance procedures in accordance with the relevant provisions and charge a certain handling fee. 2, discounting Due to the high credit rating of the banker's acceptances, general commercial banks are provided by the discounting business, the main object of discounting refers to the banker's acceptances. The holder of the banker's acceptance can apply for discounting to the bank with the unexpired banker's acceptance to collect the money in advance. The bank will pay a certain amount of money to the bearer after deducting a certain amount of discount. The bearer can apply to the bank for a pledge loan with the outstanding bankers' acceptances, but the period of the pledge loan is mostly short-term, and the general period shall not be longer than the maturity date of the bankers' acceptances. 4, entrusted collection bankers acceptances maturity, the bearer can hold the bill of exchange entrusted to its depositary bank through the entrusted collection settlement to the payer to collect the bill. The accepting bank shall unconditionally pay the bill to the payee (or the bearer) at maturity and collect the bill from the acceptance applicant. If the bearer loses the banker's acceptance, the bearer can apply to the accepting bank for loss of the banker's acceptance. Term 1. The payment term of banker's acceptance is up to 10 days from the maturity date of the instrument; the limitation period of the right of banker's acceptance is two years from the maturity date. 2. The bearer can prompt payment to the accepting bank of the bill of exchange at any time during the payment period. The banker's depositary bank will not accept the banker's acceptance bill that exceeds the payment period, but within the limitation period of the right of the bill, the bearer may request the accepting bank to make payment with the relevant supporting documents. If the banker's acceptance is not paid when it is due, the bearer may exercise the right of recourse to the former debtor within six months from the date of refusal of payment. 4. The maximum period between the date of issuance and the maturity date of the banker's acceptance shall not exceed six months. Price The applicant for a banker's acceptance shall pay to the accepting bank an acceptance handling fee of 0.5‰ of the accepted amount. Service Channels and Networks Banks are authorized to handle banker's acceptances. Customer Procedures 1. Application When the customer needs to pay for the commodity transaction within the agreed time due to shortage of funds, he/she shall submit an application for bank acceptance to the depositary bank. 2. Bank acceptance After accepting the acceptance, the bank signs an acceptance agreement with the customer and sells the bank acceptance to the customer. 3. Issuance of banker's acceptance The customer shall issue the banker's acceptance and stamp it with the seal of the reserved bank. 4. Payment of handling fee The customer shall pay to the accepting bank a handling fee of 0.5‰ of the accepted amount. The customer shall submit the bill of exchange to the depositary bank for stamping and then receive the accepted banker's acceptance bill of exchange. 6. Circulation and Use of Banker's Acceptance (1) The customer holds the Banker's Acceptance to settle the payment with the payee and delivers the Banker's Acceptance to the payee; (2) The payee may transfer the Banker's Acceptance to other creditors according to the needs of the transaction. (3) The payee may apply to the bank for pledge or discount with the banker's acceptance to obtain funds according to the needs. 7. Request for Payment During the payment period, the payee holds the banker's acceptance to the depositary bank for entrusted collection and collects the payment from the acceptor bank. More than the payment period, the payee's bank account bank no longer accepts bankers acceptances entrusted collection, but the payee can hold the relevant documents directly to the accepting bank to prompt payment.