What is a bank acceptance bill and what is a bank acceptance bill

Banker's acceptance bill) is a usance bill of exchange from a bank. It is a short-term debt certificate for which the bank bears the responsibility for payment, and the term is generally less than 6 months. Banker's acceptance bills are mostly generated in the international **, and are generally pre-authorized by the letter of credit issued by the importer's domestic bank.

The role of bank acceptance is to provide credit guarantee for bills of exchange to become negotiable instruments. A bill of exchange is a two-name instrument that names the payer and the payee, and becomes a three-name instrument after being accepted by the bank as a third party. The accepting bank becomes the primary debtor, while the payer becomes the secondary debtor.

In practice, a banker's acceptance is equivalent to a postdated cheque written against a bank. The bearer can prompt payment when the bill of exchange is due, and can also ask the bank, especially the acceptance bank, to discount the cash when it is not due. After the bank sticks in the bill, it can apply for rediscount from the bank, or transfer the discount to other banks, and more generally sell it directly to the dealer, and then resell it to other types of investors.

The most important investors in banker's acceptance bills are foreign banks and non-bank financial institutions.

are so professional, literally the bank promises to pay at the sight of the bill.

A banker's acceptance bill is a negotiable instrument in which the bank acts as an acceptor.

Acceptance refers to the act of unconditionally paying the amount of the bill of exchange to the payee on the maturity date of the bill. After the payer indicates the word acceptance on the bill of exchange and signs, it confirms the payment responsibility for the bill of exchange and becomes the acceptor.

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.

First, the handling fee of the acceptance bill should be borne by who should dig the jujube.

It will be charged to the applicant for acceptance. The acceptance fee is the handling fee charged by the bank when the bank accepts the bank's acceptance bill. The bank acceptance bill will charge the applicant a handling fee of 5/10,000 according to the face value, and the less than 10 yuan will be charged at 10 yuan.

The maximum term of paper acceptance is not more than 6 months, and the maximum term of electronic draft can be up to 1 year. If the applicant fails to pay the bank acceptance bill when it is due, it will be charged overdue penalty interest according to the regulations.

2. What is the definition of a commercial acceptance bill.

A commercial acceptance bill is a type of commercial bill. Refers to a bill of exchange issued by the payee to the payer or payer. The unit using the bill of exchange must be a legal person with an account with the People's Bank of China, based on legitimate commodity transactions.

After the acceptance of the bill, the acceptor has the responsibility to pay the due bill unconditionally. Bills of exchange may be discounted or transferred to banks, and bills of exchange without consideration may not be issued to defraud banks or other parties to the bills.

Negotiable Instruments Law of the People's Republic of China

Article 44 After the payer accepts the bill, it shall bear the responsibility for payment when due;

Article 13 debtors of negotiable instruments shall not be against the bearer by virtue of their own defense with the drawer or with the holder's predecessor.

Classification of banker's acceptance bills.

(1) Full margin.

The full margin bank acceptance bill, also known as the "100% margin bank acceptance bill", refers to the bank acceptance bill whose face amount is equal to (or less than) the principal amount of the margin.

2) Partial margin.

Partial margin bank acceptance bills, also known as "open bank acceptance bills", refer to bank acceptance bills whose face value is greater than the principal amount of the margin. The difference between the margin amount and the par amount is called the "exposure".

Term and fee of bank acceptance draft.

The term of the bank acceptance bill shall be determined according to the business cycle of the drawer, and the paper bill shall not exceed 6 months, and the electronic bill shall not exceed 12 months.

The acceptance fee of the bank acceptance bill shall be charged according to the face value of each bill, and if it is less than RMB 10, it shall be charged at 10 yuan. Compared with the loan interest, the handling fee of the banker's acceptance bill is lower.

Banker's acceptance draft.

1) The drawer who applies for the bank acceptance bill shall submit the application for acceptance, commodity transaction contract and other application materials to the bank;

2) The bank examines the authenticity of the commodity transaction basis of the bank acceptance bill;

3) After the approval of the bank, the drawer and the bank sign the "Bank of Dalian Bank Acceptance Draft Acceptance Contract", and the guarantor signs the relevant guarantee contract with the bank.

Acceptance only occurs in the relevant activities of usance bills. The so-called acceptance, simply put, is a promise to pay, which is an act in which the payer signs and seals the bill of exchange to promise to bear the payment obligation when the bill of exchange is due in the future. A commercial acceptance bill is a commercial credit, and a bank acceptance draft is a bank credit.

Is that okay?

The bank acceptance bill is a kind of forward payment bill issued by the bank entrusted by the payer, and the bank will pay at the end of the bill;

Acceptance bill refers to the bill of exchange that has gone through the acceptance procedures. That is, in the transaction activity, the seller issues a bill of exchange in order to claim payment from the buyer, and the payer indicates on the face of the bill the word "acceptance" and the signature acknowledging the payment due. After acceptance, the payer becomes the acceptor of the bill of exchange.

Those accepted by the purchaser are called "commercial acceptance bills", and those accepted by banks are called "bank acceptance bills".

Acceptance bills are divided into bank acceptance bills and commercial acceptance bills, and at the same time, according to the form of existence, bills can be divided into: paper acceptance bills, electronic acceptance bills.

The acceptance bill was born in Italy in the 14th century, and the early merchants and bankers celebrated and invented a "four-person bill", that is, there are four signatories on the bill, and they are responsible for signing and having different divisions of labor, including: the importer, the importer's bank (for the acceptance guarantee), the exporter's bank (to provide the actual money in the transaction), and the exporter. After its invention, it was widely used in settlement and financing, which not only directly promoted the development of the financial industry, but also laid the foundation for the bill underwriting and brokerage business of investment banks.

The basic process: the drawer issues the bill of exchange and delivers it to the payee, and the payee requests payment from the payer recorded on the bill, and the payer shall bear the payment obligation, and the bank will charge a certain handling fee.

The acceptance of bills of exchange is only applicable to bills of exchange with fixed payment, periodic payment after issuance and periodic payment after the sight of the bill. The bill of exchange that is paid at sight does not need to be prompted for acceptance, and there is no misrepresentation of acceptance. At the same time, the drawer and the payer are the same person for the bills of exchange, and there is no need to accept them.