What's the difference between bank acceptance and bill discount?

What's the difference between bank acceptance and bill discount? A bank acceptance bill is a bill in which a depositor opens a deposit account in an accepting bank, applies to the opening bank and is accepted by the opening bank, and guarantees to unconditionally pay a certain amount to the payee or holder on a specified date. Accepting a commercial bill issued by the drawer is the credit support given by the bank based on the recognition of the drawer's credit standing. The longest acceptance period shall not exceed 6 months.

Discounting bank acceptance bills refers to a financing behavior that the applicant for discounting bank acceptance bills transfers the unexpired bank acceptance bills to the bank due to the need of funds, and the bank pays the balance after deducting the discount interest to the holder according to the par value.

To sum up, the difference is that the bank acceptance bill can only be cashed after it expires, and the discount of the bank acceptance bill means that the payee is willing to bear the interest loss and withdraw cash.

What is the difference between bill acceptance and bill discount? Bill discount means that the holder pays certain interest before the bill expires for the purpose of financing and sells the bill to the bank. For discount banks, it is to buy unexpired bills. The discount period is short, generally not more than 6 months, and the negotiable instruments are limited to commercial bills that have been accepted and have not yet expired.

Bill acceptance refers to the behavior that the bill payer promises to bear the bill debt. Acceptance is unique to bills of exchange. There is an entrustment relationship between the drawer and the drawee of a bill of exchange. Just because the drawer signs the bill does not mean that the drawee will definitely pay. In order to ensure that the bill will be paid when it expires, the holder will prompt the payer for acceptance before the bill expires. If the drawee signs and accepts the bill, he shall be liable for the due payment of the bill, otherwise the holder shall have the right to bring a lawsuit against him.

The drawer (that is, the applicant for acceptance) applies to the bank of deposit in the form of information message, and after the acceptance bank approves the acceptance, it ensures that the applicant for acceptance unconditionally pays a certain amount of bills to the payee or holder on the specified date. Electronic bank acceptance bill is the inheritance and development of paper bank acceptance bill, and there is no difference in bill rights and obligations between electronic bank acceptance bill and paper bank acceptance bill.

The difference is that the electronic bank acceptance bill replaces the original paper physical bill in the form of data message, replaces the entity signature with electronic signature, replaces manual transmission with network transmission, and replaces manual writing with computer input, thus realizing the complete electronic bill discount in bill issuance, circulation, payment and other bill business processes: refers to the demand side of funds, The bank or discount company is required to convert the unexpired commercial bills (bank acceptance bills or commercial acceptance bills), bank acceptance bills or short-term bonds into cash, and the bank or discount company (financing company) will take back these unexpired bills or short-term bonds, deduct the interest from the discount date to the maturity date according to the par value, pay cash, and then recover the money from the drawer after the bills expire.

What's the difference between bank acceptance bills discounted in banks and discounted in bill companies? What are the advantages of bill companies and bank discounts? There are two main differences between bank acceptance bills discounted in banks and discounted in bill companies:

1, the procedure fee is different.

The handling fee deducted by the bank is slightly lower; The billing company is slightly higher.

2. The speed of liquidation is different.

There are many bank procedures, which are slow to realize, and sometimes discounts will be affected by credit lines; Bill companies are relatively quick to realize cash.

Their respective advantages, for banks, are slightly lower costs; For bill companies, the discount processing speed is faster.

What's the difference between bill discount and bill acceptance? Acceptance means that when the draft in your hand expires and the payment date is agreed by the drawer, you go to the bank to change the money into your account;

Discounting means that if the bill in your hand is not due, but you want to use the money, you give it to the bank, and the bank calculates the discount interest according to the discount rate and discount date, and then deducts the interest before giving you the money. If you want to use this fund as soon as possible, you will certainly have to pay a certain cost.

What is the difference between acceptance discount and discount? Acceptance discount is the interest of acceptance discount.

The discount of acceptance bills refers to the discount of bank acceptance bills, which refers to a credit business in which the holder transfers the unexpired bank acceptance bills to the bank, and the bank pays the balance of the tickets to the holder after deducting the discount interest according to the discount interest rate.

What is the discount and rediscount of bank acceptance bills? What is the difference? Discounting bank acceptance bills is the behavior of enterprises holding bank acceptance bills to apply for bill discount from discount banks and pay certain interest to get cash. Re-discount is the behavior that banks apply to the People's Bank for re-discount with discounted bills, pay certain interest and get cash.

The difference between the two is that the discount is that the enterprise applies to the bank for discount; Re-discounting means that banks apply to the People's Bank for discounting.

The difference between discount, rediscount and rediscount of acceptance bills; Discount, rediscount and rediscount of acceptance bills are three forms of discount.

The difference between the two is that the subject and object of discount are different.

1, discount

Discounting means that the holder of an acceptance bill transfers the unexpired bill to the bank. After deducting the discount interest, the bank will pay the remaining funds to the bill acceptor.

This way is the financing behavior between individuals or enterprises holding acceptance bills and banks.

2. Release now

Discounted cash is the behavior of commercial banks to discount unexpired discounted bills to other banks in order to obtain funds when funds are insufficient.

The object of this behavior is between banks, between banks and professional discount institutions.

3. Re-discount

Re-discount is the behavior of commercial banks to discount discounted bills that have not yet expired to the central bank in order to obtain funds when funds are insufficient.

The object of this behavior is between banks and central banks.

How to discount Shanghai bank acceptance bills and where to discount Yangpu bills? 1. Banks accept discount business.

First, the holder applies to the bank for discounting the bank acceptance bill, and the account manager of the bank marketing post decides whether to accept the holder's business application according to the business type proposed by the holder and his own discounting business policy;

Then the account manager of the bank makes a business quotation to the customer according to the business type, term, face value of the holder and the relevant business interest rate stipulated by the bank. After the ticket holder accepts the business quotation, the bank formally accepts the business and informs the ticket holder to prepare all the materials needed for handling the business.

Three, the bank clearing post to check the authenticity of the bill, after verification, notify the discount enterprise, with the information needed for discount and endorsement and acceptance of the bill to handle business.

Second, the declaration of funds

The bank account manager estimates the business fund demand and declares the reserved funds to the fund operation department in advance.

The bill review post reviews the face value of discounted bills. After the audit, inform the account manager of the defects and refund of the bill in time, and the account manager is responsible for communicating with the customer to discuss whether to issue instructions on the defective bill. The bill review post shall sign the approval form.

Three. Review bill transaction documents

The risk audit post examines the bill transaction files and materials, and inquires about the enterprise loan card. After the inquiry is completed, the account manager shall be informed of the defects of the documentary information of the bill and the refund situation in time, and the account manager shall be responsible for communicating with the customer to discuss the treatment methods of the defects of the documentary information. The risk audit post shall sign the approval form.

Four, data entry, discount voucher making

The account manager enters the discount business data in the bill business system and prints the discount voucher.

Verb (abbreviation for verb) checks interest and calculates the actual transfer amount.

After excluding the bills that can't be discounted due to the factors of face value and document information, the bill review post will review the interest of the remaining bills and calculate the actual transfer amount of the business according to the qualified bill discount voucher after the transaction file review and the application approval form signed by the authorized person. The bill review post shall sign the approval form.

Sixth, sign and approve.

The account manager will submit the completed application approval form to the authorized approver or the highest approver for approval.

Seven. Seal of contract

The account manager fills in the stamp form, and submits the completed discount agreement and the signed application approval form to the risk audit post for stamp.

Eight. Payment process

The account manager shall submit the fund transfer post together with the discount agreement according to the completed and finally signed application approval form, and the fund transfer post shall fill in the fund transfer notice according to the account name, bank and account number in the transaction contract and the actual transfer amount on the application approval form.

The bill audit post takes back the bill receipt stamped with the transfer seal from the customer, and the clearing post fills in the accounting voucher according to the notice of fund transfer and transfers the funds to the customer.

After the business is completed, the account manager will hand over the fourth copy of the discount voucher stamped with the transfer seal and a completed transaction contract to the customer.

Does anyone know the difference between bill acceptance and bill discount? Bill acceptance is a way for the payer to promise to pay. For example, banks stamp special seals on bills (special seals for promissory notes and bills of exchange, etc.). ), indicating acceptance.

You should refer to the difference between the due settlement and the unexpired discount of the bank acceptance bill.

Payment at maturity means that the holder can only entrust the accepting bank (that is, the payer) to collect and get the money when the bill expires.

Bill discount refers to the behavior that the holder sells the unexpired bill rights to a bank to obtain funds in advance (it can be any bank). Because the bill is not due, the bank needs to advance funds, so the bank needs to charge discount interest on the funds advanced during this period, which is equivalent to loans. When the bill expires, the discount bank will entrust the collection to recover the funds.

How to distinguish between bill discount and bill acceptance? Bill discount means that the holder pays certain interest before the bill expires for the purpose of financing and sells the bill to the bank. For discount banks, it is to buy unexpired bills. The discount period of bill discount is short, generally not more than six months, and the negotiable bills are limited to commercial bills that have been accepted and have not yet expired.

Bill acceptance refers to the behavior that the bill payer promises to bear the bill debt. Acceptance is unique to bills of exchange. There is an entrustment relationship between the drawer and the drawee of a bill of exchange. Just because the drawer signs the bill does not mean that the drawee will definitely pay. In order to ensure that the bill will be paid when it expires, the holder will prompt the payer for acceptance before the bill expires. If the drawee signs and accepts the bill, he shall be liable for the due payment of the bill, otherwise the holder shall have the right to bring a lawsuit against him.