Do commercial bills and commercial acceptances mean the same thing?

A commercial acceptance bill is a type of commercial bill. It refers to a bill of exchange issued by the payee that is accepted by the payer, or issued and accepted by the payer. The unit using the bill of exchange must be a legal person that has opened an account in the People's Bank of China, and it must be based on legal commodity transactions, and after the bill of exchange is accepted, the acceptor (i.e., the payer) has the responsibility to pay the bill unconditionally when due, and at the same time, the bill of exchange can be discounted to the bank or can be circulated and transferred.

In a commodity transaction, when the seller asks the buyer for a bill of exchange, the depositor must sign the word "acceptance" on the front of the bill of exchange and affix the bank's reserved seal. Before the bill of exchange expires, the payer shall pay the full amount to the opening bank. After the bill of exchange matures, the bank voucher is transferred from the account of the payment unit to the payee or the discounting bank.

If the payer's account is insufficient to pay when the bill of exchange expires, the opening bank will return the bill to the payee, and the receiver and payer will solve it by themselves. At the same time, the payer shall be fined 1% of the face value in accordance with the provisions of the bad cheque.

A banker's acceptance bill is a type of commercial bill. It refers to the instrument issued by the depositor who has opened a deposit account in the acceptance bank, applies to the opening bank and is reviewed and accepted by the bank, and guarantees to unconditionally pay the determined amount to the payee or bearer on the specified date. The acceptance of the commercial draft issued by the drawer is the credit support given by the bank based on the recognition of the drawer's credit.

Banker's acceptance bills are sold at a discount. The main investors in banker's acceptances are money market commons** and municipal entities. Its characteristics are:

Good credit, strong acceptance, high flexibility, effectively saving capital costs. The use of bank acceptance bills to finance commercial transactions is called acceptance financing.

Not a meaning. A commercial acceptance bill is a type of commercial bill. According to the different acceptors, commercial bills are divided into commercial acceptance bills and bank acceptance bills, the former refers to the bills issued by the payee, accepted by the payer, or issued and accepted by the payer, and the latter refers to the bills issued by the payee or the acceptance applicant, and the acceptance applicant applies to the opening bank, and the bank reviews and agrees to accept the bills.

A commercial acceptance bill is accepted by a payer other than a bank. According to the agreement between the two parties to the transaction, the commercial acceptance bill shall be issued by the sales enterprise or the purchasing enterprise, but shall be accepted by the purchasing enterprise. The payer of the commercial acceptance bill shall notify the bank of payment on the same day after receiving the payment notice from the opening bank.

The commercial draft is issued by the drawer, and the payer is entrusted to pay the determined amount unconditionally on the specified date to the payee or the bearer's bill. A commercial acceptance bill is accepted by a payer other than a bank. The commercial acceptance bill shall be issued by the selling enterprise or the purchasing enterprise according to the agreement between the two parties to the transaction, but shall be accepted by the enterprise that purchases the goods.

1. The acceptance subject is different: the bank acceptance bill is accepted by the bank, and the commercial acceptance bill is accepted by the payer other than the bank.

2. Different credit ratings: the acceptors of commercial acceptance bills and bank acceptance bills are different, which determines that commercial acceptance bills are commercial credit and bank acceptance bills are bank credit. In real transactions, the party receiving the bill is more inclined to choose the banker's acceptance bill.

3. Different risks: when the acceptor has no money to pay for commercial acceptance bills, the payment risk will occur and the risk is high; There is no payment risk in the banker's acceptance bill, and the funds can be obtained in advance at the bank discount.

4. Different liquidity: the credit rating and liquidity of commercial bills are lower than those of bank acceptance bills.

5. Different ways to deal with the bill of exchange when it expires: when the bank acceptance bill expires, if the purchasing enterprise cannot pay the bill in full, the accepting bank will treat it as an overdue loan according to the acceptance agreement, and collect penalty interest. The bank will pay the bearer and can recover the payment on time.

When the commercial acceptance bill matures, there is not enough money in the account. The bank is not responsible for the payment, and it is handled by the buyer and seller.

Payment and Settlement Measures》 Article 89 The payer of the commercial acceptance bill receives the commercial acceptance bill sent by the entrusted collection, and retains the commercial acceptance bill and notifies the payer in a timely manner.

1) The payer shall notify the bank of payment on the same day after receiving the payment notice from the depositary bank. If the payer fails to notify the bank of payment within 3 days from the day after receiving the notice (postponed on a statutory holiday, the same below), the payer shall be deemed to have promised to pay, and the bank shall transfer the fare to the bearer on the morning of the 4th day from the day after the payer receives the notice (postponed on a statutory holiday, the same below). The payer shall notify the bank to pay on the due date of the commercial draft accepted by the payer in advance upon receipt of the commercial draft accepted by him.

If the payer fails to notify the bank of payment within 3 days from the day after receiving the notice, and the payer receives the notice before the maturity date of the bill of exchange on the 4th day from the day after receiving the notice, the bank shall transfer the payment to the bearer on the due date of the bill.

B) the bank in the process of transfer, the payer's deposit account is insufficient to pay, should fill in the payer's notice of unpaid bills, together with the commercial acceptance bill mailed to the holder's bank to transfer to the holder.

C) the payer has a legitimate reason to refuse to pay, should be from the day after the date of receipt of the notice within 3 days, make a refusal to pay certificate sent to the opening bank, the bank will refuse to pay proof and commercial acceptance draft mailed to the holder of the opening bank to transfer to the holder.

Commercial acceptance is a large bill of exchange that is accepted and erected by a payer other than the bank. The commercial acceptance bill shall be issued by the selling enterprise or the purchasing enterprise according to the agreement between the two parties to the transaction, but shall be accepted by the purchasing enterprise. The payer of the commercial acceptance bill receives the payment notice from the opening bank, and shall notify the bank of payment on the same day.

A commercial draft is an instrument issued by the drawer, and the payer is entrusted to pay a certain amount unconditionally to the payee or bearer on the specified date. A commercial acceptance bill is accepted by a payer other than a bank. The commercial acceptance bill shall be issued by the selling enterprise or the purchasing enterprise according to the agreement between the two parties to the transaction, but shall be accepted by the purchasing enterprise.