Discounting bills means that the demander requires the bank or discount company to convert the unexpired commercial bills, bank acceptance bills or short-term bonds into cash, and the bank or discount company (financing company) receives these unexpired bills or short-term bonds, deducts the interest after discount according to the par value, pays cash, and then collects money from the drawer when the bills expire. Therefore, for ticket holders, discounting is an act of selling bills that have not expired at the end of the period to banks to obtain liquidity, so as to recover the capital prepaid to commercial credit in advance. For banks or discount companies, discount is a loan business combined with commercial credit.

The transaction types in the discount market can be roughly divided into two categories. First, bill holders ask commercial banks or discount companies to discount for cash, which accounts for most of the discount market business; The other is that the central bank will discount the bills discounted by commercial banks or discount companies again to finance banks and discount companies. Rediscount is an important means for the central bank to control financial and credit laws and regulations. The types of bill discount can also be divided into bank bill discount, commercial bill discount, bond and treasury bill discount according to the different bills.

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give a discount

(1) also known as "discount". It is the process of converting money received or paid on a certain date in the future into present value. The present value of one yuan of funds in different periods is called discount coefficient or discount coefficient. The calculation formula of discount (discount) coefficient is:

In practice, you can find the discount coefficient from the ready-made discount coefficient table.

(2) It refers to a form of credit that lends money to banks (or other financial institutions) with unexpired bills. When discounting, the bank will deduct the discount from the discount date to the maturity date in advance according to the par value and the specified discount rate, and then pay cash with the balance of the bill. Bill discount refers to the transfer of bills by enterprises, which should be endorsed by enterprises. When the bill of exchange expires, the bank pays cash to the drawee against the bill of exchange, and if it is rejected, it has the right to recourse against the endorser. Through bill discount, the capital turnover of both parties can be solved. After the seller delivers the goods, he can accept the draft and get the payment at a discount. The buyer can only pay the fare when the acceptance bill is due.

(3) It is the asset-based accounting subject of bills proposed by financial enterprises to industrial and circulation enterprises and discounted at a certain discount rate. Bills rediscounted by the central bank shall be resold from the "discount" account. When financial enterprises receive discounts on industrial bills, negotiable bills and other unexpired bills, they should debit the discount account and credit it to the bank deposit or trust deposit and interest income account. When the discounted bill is recovered at maturity, the account of "bank deposit" or "trust deposit" shall be debited and the account of "discount" shall be credited.

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