1. Fill in the name of the application bank or payment bank;

2. Fill in the letter of credit number or purchase voucher number;

3. The forward settlement has the interest rate agreed by both parties;

4. Fill in the invoice number;

5. Fill in the invoice amount (Arabic numerals);

6. Fill in the specific days of forward settlement;

7. Fill in the domestic D/P bank (it can be your foreign exchange bank);

8. Fill in the total amount of the invoice amount in English words;

9. The address of the issuing bank or the paying bank;

10. Name of the foreign exchange settlement unit (affixed with the financial seal and official seal of the unit).

Bill of exchange is one of the most common bill types. Bill of exchange is one of the most widely used credit instruments in international settlement, and it is a kind of entrusted securities. The basic legal relationship is at least three words: drawer, drawee and payee.

An acceptance bill is a bill issued by the drawer, accepted by the accepting bank, and unconditionally paid to the payee or holder on a specified date.

Characteristics of bills of exchange

1. From the perspective of the parties, when a bill is issued, there are three basic parties: the drawer, the payer and the payee. The drawer is the person who issues the bill, the payer is the person entrusted by the drawer to pay the bill amount, and the payee is the person who requests the payer to pay the bill amount with the bill.

2. Bills of exchange are consignment securities and payment orders. Therefore, there must be a real entrusted payment relationship between the drawer and the bill payer and a reliable source of funds to pay the bill amount.

3. Time draft must be accepted. Acceptance is a unique legal act of bill of exchange. It refers to a bill behavior in which the payer promises to pay the bill amount on the bill maturity date. Once the bill is accepted, the payer will replace the drawer and become the principal debtor of the bill.

4. Diversified payment dates. In addition to immediate payment, bills of exchange also include regular payment, regular payment after issue and regular payment after sight.

Function of bill of exchange

Payment function; Exchange function; Credit function; Settlement function; Financing function.

Draft is produced with the development of international trade. In international trade, buyers and sellers are far apart, and using different currencies is not as convenient as domestic trade. There is a long process from exporter to importer. During this period, one party must provide credit to the other party, either the importer pays or the exporter sells the goods on credit. If there is no strong intermediary guarantee, importers are afraid that they will not receive the goods after payment, and exporters are afraid that they will not receive the goods after delivery, so this kind of international trade will be difficult to carry out smoothly. Later, banks participated in international trade. As an intermediary between the importer and the exporter, the importer issues a letter of credit to the exporter through the issuing bank, assuring the exporter that after the goods are shipped out, the exporter can receive the payment as long as he submits a full set of L/C documents to the negotiating bank on time. The negotiating bank draws a draft on the issuing bank and sends it to the issuing bank. The issuing bank guarantees payment after seeing the negotiating bank's draft and full set of L/C documents, and at the same time guarantees that the importer can receive the documents of their imported goods in time and pick up the goods at the port.