What is a Banker s Acceptance? What is a Banker s Acceptance?

Bank acceptance is a commitment made by the bank to the applicant for acceptance to guarantee the payment of the bill to the bearer on the maturity date of the bill.

1. The items that must be recorded on the face of the bank acceptance draft include the words "bank acceptance draft", the entrustment of unconditional payment, the determined amount, the name of the paying bank, the name of the payee, the date of issuance, and the signature of the drawer.

2. When the drawer or bearer of the bank acceptance bill reminds the bank of acceptance, the credit department of the bank is responsible for carefully reviewing the qualifications, credit, purchase and sale contract and the contents of the bill of exchange recorded in the bank acceptance bill in accordance with the relevant provisions and approval procedures, and the drawer can provide guarantee if necessary.

Overview of Banker's Acceptances.

Commercial bills are divided into commercial acceptance bills and bank acceptance bills.

A bank acceptance draft is an instrument issued by a depositor who has opened a deposit account in the acceptance bank, applies to the opening bank and is approved by the bank for acceptance, and guarantees the unconditional payment of 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. The maximum face value of each bank acceptance bill in China is 10 million yuan (inclusive). The bank acceptance bill shall be charged a handling fee of 5/10,000 to the applicant according to the face value, and the handling fee shall be 10 yuan if it is less than 10 yuan.

The acceptance period shall not exceed 6 months. If the applicant fails to pay the bank acceptance bill when due, the overdue penalty interest shall be calculated according to the regulations.

Conditions for the drawer of a banker's acceptance bill.

1) Legal persons and other organizations that have opened deposit accounts in the acceptance bank;

2) Have a real entrusted payment relationship with the accepting bank;

3) Able to provide legally effective purchase and sale contracts and VAT invoices;

4) Have sufficient payment capacity, good settlement record and settlement reputation.

5) Good credit relationship with the bank, no loan overdue record.

6) Able to provide corresponding guarantees, or deposit a certain percentage of the margin as required.

Advantages of Banker's Acceptance.

1. For sellers, providing forward payment methods to existing or new customers can increase sales and improve market competitiveness.

3. Compared with loan financing, it can significantly reduce financial costs.

Applicable to companies with banker's acceptances.

It is applicable to all kinds of state-owned enterprises, private enterprises, medical and health care, institutions and schools and other units with real background and deferred payment needs.

My understanding is that the person who asked me for money would go to my bank to withdraw the money within six months, and then I would return the money to my bank afterwards, and I would have to pay some handling fees.

Hehe, you can go to China Bills Network or Financial Network to learn the relevant concepts. These two ** are currently the most professional**, about bank acceptance bills. Hope it helps.

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<> Banker's acceptance bill refers to a financial voucher issued by a bank, which is payable and deductible. The bank acceptance bill is a paid payment voucher, issued by the issuing bank in the name of the drawer, with an agreed payment time, after the drawee receives the bill, it can submit a payment request to the issuing bank, and the issuing bank must pay within the agreed time.

Bank acceptance bills can be divided into commercial acceptance bills, standby acceptance bills and bearer acceptance bills.

1. Commercial acceptance bill: the drawee and the drawer can make payment requirements to the drawer according to the payment date agreed in the bill.

2. Standby acceptance bill: It is signed and confirmed by the drawer on the bill, indicating that the drawer can pay the number of votes, but the drawee can make a payment request at any time before the agreed payment date.

3. Bearer acceptance bill: the drawer does not sign on the bill, and only the drawee can make payment requirements to the drawer if he holds the bill.

1. High security: the issuing bank is responsible for the bill, and the drawee can use it with confidence.

2. Strong payability: the issuing bank must pay the bill before the agreed payment date, and the drawee can rest assured that the payment will be collected.

3. Strong deductibility: the drawer bank can deduct the payable amount of the drawee after the drawee makes a payment request.

1. The drawee shall first request the drawer to issue the bill, and the drawer shall issue the bill according to the requirements of the drawee and hand over the bill to the drawee.

2. The drawee shall check the contents of the bill, confirm that it is correct, and then pay the drawer the cost of purchasing the bill.

3. Before the payment date agreed in the bill, the drawee may make a payment request to the drawer, and the drawer must pay the bill in accordance with the requirements of the drawee.

1. The bill of exchange is not issued in time: the drawer is not timely, which may lead to the drawee being unable to obtain the remittance in time.

2. Default of the drawer: The drawer may be unable to pay the bill on time due to poor financial condition or other reasons.

3. Theft of bills of exchange: If the drawee improperly keeps the bills, it may lead to the theft of the bills, and the resulting losses will be borne by the drawee.

1. Convenient and fast: the drawee can make a payment request to the drawer at any time before the agreed payment date, and the drawer must pay the bill before the agreed payment date.

2. High security: the issuing bank has the responsibility for the bill, and the drawee can use it with confidence.

3. Strong deductibility: the drawer bank can deduct the payable amount of the drawee after the drawee makes a payment request.

Banker's acceptance bill is an instrument issued by a depositor who opens a deposit account in an acceptance bank, applies to a commercial bank and is reviewed and accepted by the bank, promising to unconditionally pay a certain amount to the payee or bearer on a specified date. The role of bank acceptance bill payment 1, the procedure is simple, and the financing cost is low. For the buyer, the use of bank acceptance bills to purchase more goods with limited capital minimizes the occupation and demand for working capital, which is conducive to expanding the scale of production and operation.

2. For the seller, providing customers with the payment method of bank acceptance draft can increase sales and improve market competitiveness. 3. The bank acceptance bill can be discounted or endorsed and transferred within the validity period of the negotiation and answer, which can significantly reduce the financial cost compared with loan financing. 1. The applicant is a legal person or other organization that has opened a deposit account in the acceptance bank, established in accordance with the law and engaged in legal business activities; 2. The applicant has good credit standing and reliable funds for the payment of the amount of bank acceptance bills when due**; 3. The applicant has no bad loans, interest arrears and other bad credit records in the bank in the past two years.

4. Based on real and legal transactions of goods and services, and indicate in the transaction contract that the bank acceptance bill is used as a settlement tool and method; The drawer shall provide the true and effective commodity purchase and sale contract and related transaction invoices under the business; 5. Be able to provide corresponding guarantees and deposit a certain percentage of the margin as required; 6. Other conditions required by the bank. Business process of bank acceptance bill 1. After the approval of the bank, the suspect shall deposit a certain amount of deposit and go through the relevant guarantee procedures; 2. The bank signs the relevant contract with the drawer; 3. The drawer issues the bill, and the bank stamps the special seal of the bill of exchange and delivers it to the drawer; 4. Before the expiration of the bank acceptance bill, urge the drawer to deposit the funds sufficient to pay the amount of the bill into the bank account; 5. Before the expiration of the bill, the bearer will send the bank acceptance bill to its bank for collection; 6. The collecting bank will pass the bank acceptance draft and the entrusted collection voucher to the accepting bank; 7. Transfer the money of the bill of exchange.

A banker's acceptance bill is a type of commercial bill. It refers to the bill issued by the depositor who opens a deposit account in the acceptance bank, applies to the opening bank and is approved by the bank to accept the large chain, and guarantees to unconditionally pay the determined amount to the payee or bearer on the specified date. The acceptance of the commercial bill issued by the drawer is the credit support given by the bank based on the recognition of the drawer's creditworthiness.

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.

Commercial bills are divided into commercial acceptance bills and bank acceptance bills. The bank acceptance draft is in triplicate. The first copy is the card, which is kept by the accepting bank as the base card; The second copy shall be a summons for payment of the interbank account when the payee's opening bank collects the bill from the accepting bank; The third copy is the stub copy, and the issuing unit prepares the relevant vouchers.