Classification of bills of exchange
Bills of exchange can be divided into the following categories:
1. It depends on the payer-bank draft and commercial draft.
A bank draft is a draft drawn by one bank and drawn by another bank.
A commercial bill refers to a bill whose issuer is a company or an individual and whose payer is another company, an individual or a bank.
2, according to whether there are documents ── clean bill, documentary draft.
A clean bill itself is not accompanied by shipping documents, and bank drafts are mostly clean bills.
Documentary bills, also known as letters of credit and bills of lading, are paid by bills of lading, warehouse receipts, insurance policies, packing lists, commercial invoices and other documents. Commercial bills are mostly documentary bills.
3, according to the time of payment ── sight draft, time draft.
Demand bill (demand bill) refers to the bill that the drawee pays immediately after the holder presents it to the drawee, also known as demand bill or demand bill.
A term note (forward note) refers to a note that is paid after a certain period of time or a specific date. In a time draft, a certain date is recorded as the maturity date, and if payment is made on the maturity date, it is a time draft;
If the payment is recorded within a certain period after the date of issue, it is a time draft; If payment is recorded within a certain period after sight, it is a promissory note; If the par value is divided into several parts and the maturity date is specified respectively, it is an installment bill.
Forward bills are divided into commercial acceptance bills and bank acceptance bills according to the acceptor.
A commercial acceptance bill is a long-term bill with any enterprise or individual other than a bank as the acceptor.
Bank acceptance bill (bank acceptance bill) The acceptor is the bank's time draft.
4, according to the circulation field-domestic bills of exchange, international bills of exchange.