What is the difference between a bank draft, a commercial acceptance draft, and a bank acceptance dr

A bank draft is a general term that includes both a commercial acceptance draft and a bank acceptance draft. As the name suggests, it is issued by the enterprise with the maturity of the enterprise commitment to redeem the bill of exchange, it is very risky, because it is similar to the post-dated check will occur in the case of the enterprise without payment, the bank acceptance bill is also issued by the enterprise, but it is promised by the bank to pay when due, so it is less risky, the circulation in the market is relatively large, and everyone accepts more.

Bills of exchange are divided into bank drafts and commercial bills, and commercial bills include commercial acceptance bills and bank acceptance bills.

The commercial acceptance bill is issued by the drawer, accepted by the payer other than the bank, and the payer is entrusted to pay the determined amount unconditionally to the payee or bearer on the specified date.

The bank acceptance draft is issued by the drawer, accepted by the bank, and the payer is entrusted to pay a certain amount to the payee or bearer unconditionally on the specified date.

The difference between the two is that the final payer is different, the commercial acceptance bill is paid by the drawer when due, and the bank acceptance bill is paid by the bank when due.

For example, you have issued me a commercial ticket and a silver ticket. When it expires, I ask you for money with a commercial acceptance draft, and I ask the bank for money with a bank acceptance draft.

A bank draft is just a payment instrument, the drawer issues it, and at the same time pays the full amount to the bank, and the bank is responsible for the payment when due, and is the absolute payer. Bank drafts are payable at sight.

A commercial draft is not just a payment instrument, but also a credit instrument, and the bill of exchange is paid after it is due. After the drawer issues it, it is accepted by the acceptor, and the drawer will hand over a certain amount of security deposit to the acceptor, and the acceptor is the absolute payer. According to the different acceptors, commercial bills are divided into commercial acceptance bills (acceptors are enterprises) and bank acceptance bills (acceptors are banks).

Bank drafts can be used by units and individuals, and commercial drafts can only be used by units.

The difference between a commercial bill and a banker's acceptance bill.

Banker'sdraft) is a draft in which the issuer is a bank and the payer is another bank.

Banker'The acceptor is a usance bill of exchange from a bank.

A commercial acceptance bill is a usance bill that is accepted by any firm or individual other than a bank.

There are two types of bills of exchange: commercial drafts and bank drafts.

A commercial draft is a kind of instrument issued by the drawer, and the payer is entrusted to pay a certain amount to the payee or bearer unconditionally on the payment date. The signing of commercial bills is cautious and the sender is a general enterprise. A bank draft is an instrument issued by the issuing bank and unconditionally paid to the payee or bearer according to the actual settlement amount at the sight of the draw.

The issuing bank of the bank draft is the payer of the bank draft. When banks issue bank drafts for enterprises, they generally require enterprises to deposit sufficient amounts into Yinkuan and Kaixing, so the security of bank drafts is higher than that of commercial drafts.

Commercial bills can be divided into commercial acceptance bills and bank acceptance bills according to their acceptors. A commercial acceptance bill is issued by the drawer and promises to pay the amount of the bill of exchange on the maturity date of the bill, and a bank acceptance bill refers to the bank's commitment to pay the amount of the bill of exchange on the maturity date of the bill. The banker's acceptance bill has the bank's credit as the payment guarantee, and its security is higher than that of the commercial acceptance bill guaranteed by the commercial credit of the general enterprise.

1. The concept is different.

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.

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.

2. Different credit ratings.

The acceptor of the commercial acceptance bill and the bank acceptance bill are different, which determines that the commercial acceptance bill is commercial credit and the bank acceptance bill is bank credit. In real transactions, the party receiving the bill is more inclined to choose the banker's acceptance bill.

3. Different treatment methods.

When the bank acceptance bill expires, if the purchasing enterprise cannot pay the bill in full, the accepting bank shall 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.

4. The applicable objects are different.

Commercial acceptance bills are applicable to enterprises (institutions) legal persons, other economic groups or individual industrial and commercial households that are subject to cash payment and need to be paid in cash by the administrative department for industry and commerce (or competent authority) with high creditworthiness, sufficient cash flow and strong repayment ability.

For enterprises, because the risk of commercial acceptance bills is relatively large, they will be more willing to use bank acceptance bills, so in addition, what is the difference between commercial acceptance bills and bank acceptance bills?

The biggest difference between a commercial acceptance bill and a bank acceptance bill is that the acceptor is different. This distinction determines that the bank acceptance bill is bank credit, and the commercial acceptance bill is commercial credit.

The difference between the two is:

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

2. Different credit ratings: the acceptor's mu file is different, which determines that the bank acceptance bill is bank credit and the commercial acceptance bill is commercial credit. Therefore, in real transactions, the party receiving the bill is more willing to choose the banker's acceptance bill.

3. Different risks: there is no payment risk in bank acceptance bills, and funds can be obtained in advance by discounting to the bank; When the commercial acceptance bill is dispersed and the acceptor has no money to pay, the payment risk will occur, and the risk is high.

4. Different liquidity: the credit rating and liquidity of commercial bills are not as good as bank acceptance bills.

5. The handling method is different when the bill of exchange expires.

1) When the bank acceptance bill expires, if the purchasing enterprise cannot pay the bill in full, the opening bank shall deal with the overdue loan in accordance with the acceptance agreement and collect penalty interest. However, the bank will pay the bearer on time and can recover the payment in time.

2) When the commercial acceptance bill expires, if there is not enough money in the account, the bank is not responsible for payment, and the buyer and seller will deal with it themselves.

Discounting of commercial acceptance bills.

The specific process of discounting is that the bearer transfers the unexpired commercial acceptance bill to the bank, and the bank then pays the balance of the bill to the bearer after deducting the discount interest according to the discount rate. The discounting of commercial acceptance bills is suitable for companies with high creditworthiness, sufficient cash flow and strong repayment ability.

Advantages of discounting commercial acceptance bills.

1. Reduce financing costs: use your own credit to complete the payment settlement.

2. Simple operation procedures: customers can flexibly issue commercial acceptance bills according to their needs.

3. It can effectively reduce the handling fee, compared with the bank acceptance bill.

4. It helps enterprises to cultivate their own good business credit. Introduction to the discounting of commercial acceptance bills.

Accounting entries for discounting commercial bills.

1. Accounting treatment at the time of discounting.

Borrow: Bank deposit (amount of cash received).

Finance Charges (Discounted Interest).

Credit: Notes Receivable – Face Value (Sum of Principal and Interest).

2. Transfer overdue loans.

Debit: Accounts receivable.

Credit: Short-term borrowing.

Accounting entries endorsed by bank drafts.

In order to purchase materials, the outstanding bank acceptance drafts held by the holder are endorsed and transferred. The difference is covered by bank deposits.

Borrow: material procurement.

Tax Payable – VAT payable (input tax).

Credit: Notes receivable.

Bank deposits.

Commercial bills can be divided into different types according to different aspects, among which commercial acceptance bills and bank acceptance bills are the most common. So what is the difference between a commercial acceptance bill and a bank acceptance draft?

There are two types of commercial bills: bank acceptance bills and commercial acceptance bills. The bank acceptance bill is referred to as the silver bill, and the commercial acceptance bill is referred to as the commercial bill. The difference between acceptors is the most important difference between bank acceptance bills and commercial acceptance bills.

A bank acceptance draft is a bill issued by the drawer that entrusts its opening bank to unconditionally pay a certain amount to the payee or bearer on a specified date. The acceptor is the opening bank.

The commercial acceptance bill is a bill that the drawer entrusts a payer other than the bank to unconditionally pay a certain amount to the payee or bearer on the specified date, and issues it. The acceptor is a payer other than the bank.

According to the different media, commercial bills are divided into paper tickets and electronic tickets, and the proportion of electronic bills has exceeded 97.

The type of bill of exchange.

Depending on the drawer, bills of exchange are divided into commercial drafts and bank drafts.

According to the different acceptors, commercial bills can be further divided into commercial acceptance bills and bank acceptance bills.

According to the different payment dates, commercial bills can also be divided into usance commercial bills and sighted commercial bills.

A bill of exchange is an instrument issued by the drawer, and the payer is entrusted to pay a certain amount to the payee or bearer on a specified date, or at the sight of the bill, and is one of the most common types of bills.

There are three parties to a bill of exchange: the drawee, the drawer, and the payee, which is an unconditional payment entrustment.

Discounting of commercial bills.

The holder of the commercial bill transfers the unexpired commercial draft to the financial company, and the financial company deducts the discount interest according to the par amount, and pays the balance to the bearer is the discount of the commercial bill, which is a financing behavior.

Advantages of discounting commercial bills:

1. New financing channels;

2. Reduce notes receivable and increase corporate cash flow;

3. Low-cost financing to reduce corporate financial costs;

4. Improve the speed of capital turnover and improve the efficiency of capital use;

5. Regulate the relationship between creditor's rights and debts.

The payment term of the commercial draft.

Commercial bills of exchange can be brought to the bank for acceptance on the maturity date of the bill, and the payment term is generally extended from the maturity date to 10 days.

If the commercial acceptance bill is not due, then the payer may refuse to pay the holder of the commercial acceptance bill; After the commercial acceptance bill has expired, the payer needs to transfer the money into the bank account designated by the holder of the commercial acceptance bill after seeing the bill.

The applicant for the bank draft, that is, the bank will generally require the enterprise to deposit the full amount in the bank when issuing the bank draft for the enterprise; The funds of the commercial draft are transferred from the payer's account when due. Comparatively, bank drafts are more secure than commercial drafts.

In addition, compared with bank drafts, the scope of application of commercial bills is relatively narrow, and only legal commodity transactions between enterprises and institutions according to the purchase and sale contract can be issued. In addition to commodity transactions, the settlement of other aspects, such as remuneration for labor services, capital lending, debt settlement, etc., cannot be settled by commercial bills.

1. What are the common points between bank acceptance bills and commercial acceptance bills?

1. Commercial acceptance bills and bank acceptance bills are a kind of commercial bills, which are issued by the drawer and entrusted to pay the face money to the bearer on the maturity date of the bill.

2. Both kinds of bills of exchange have a certain payment period, and the payment period is not more than 6 months. The prompt payment period is within 10 days of the due date of the bill of exchange. There is no bill of exchange due, and the payer is not paying.

3. Both kinds of bills of exchange need to be accepted by the payer.

4. Both kinds of bills of exchange have financing functions and credit functions.

5. Both kinds of bills of exchange can be negotiable and transferable through endorsement.

2. What are the characteristics of bank acceptance bills?

1. Good credit and strong acceptance. The bank acceptance draft is paid unconditionally when due by bank acceptance. It converts the commercial credit between enterprises into bank credit. For a business, receiving a banker's acceptance draft is like receiving cash.

2. Strong liquidity and high flexibility. The bank acceptance bill can be endorsed and transferred, and it can also be discounted, and it will not occupy the funds of the enterprise.

3. Save capital costs. For enterprises with strong strength and more trustworthy banks, they only need to pay the required deposit to apply for the issuance of bank acceptance bills for normal purchase and sale business, and then deliver the funds to the bank when the payment date is approaching. Due to the above-mentioned advantages, bank acceptance bills are welcomed by enterprises.

However, there is an upward trend in criminal activities such as the forgery of bank acceptance bills, and some companies are suffering from them.

Article 38 of the Negotiable Instruments Law refers to the bill of exchange payer promises to pay the amount of the bill of exchange on the maturity date of the bill of exchange.