Commercial paper is a kind of commercial credit certificate, which has legal effect and is protected by People's Republic of China (PRC) Commercial Paper Law. Commercial bills that fail to perform their obligations at maturity will be severely punished by law.

According to Article 36 of the Commercial Paper Law of People's Republic of China (PRC): "If a commercial paper is not paid at maturity, the drawer shall pay a late fee at the interest rate agreed on the paper, but the maximum amount shall not exceed ten times the amount of the paper."

Therefore, if a commercial bill is overdue, the drawer shall pay a late payment fee at the interest rate agreed on the bill, but it shall not exceed ten times the amount of the bill.

Second, the way to deal with overdue commercial paper

1, collection

If the commercial ticket is not paid within the time limit, the drawer can contact the holder in time through collection, telephone, SMS, email, etc. And urge them to fulfill their obligations as soon as possible.

2. Litigation

If the collection fails, the drawer may bring a lawsuit to the people's court and demand the holder to pay the arrears and compensate for the losses.

Step 3 guarantee

The drawer can pledge the commercial ticket to the bank to obtain a loan to meet his own capital needs.

Step 4 transfer

The drawer can transfer the commercial ticket to other people who need funds to obtain funds.

Three, the preventive measures of overdue commercial paper

1, strengthen fund management

The drawer shall strengthen the management of funds, audit the accounts regularly, find the problems in the accounts in time, and take timely measures to solve them.

2. Establish and improve the collection system.

The drawer shall establish and improve the collection system, contact the holder in time, and urge him to fulfill his obligations as soon as possible.

3. Improve credit management.

The drawer shall improve the credit management, find out the credit problems of the holder in time, and take effective measures to prevent the overdue payment of commercial bills.

Fourthly, the risk control of commercial paper overdue.

1, strengthen risk management

The drawer shall strengthen risk management, timely discover the risk of overdue payment of commercial bills, and take effective measures to prevent overdue payment of commercial bills.

2. Improve the insurance system.

The drawer should improve the insurance system, buy commercial ticket insurance in time, and prevent losses caused by late payment of commercial tickets.

3. Establish a perfect pledge system.

The drawer should establish a perfect pledge system to pledge commercial bills to banks in order to obtain loans and meet their own capital needs.

Solution of expired commercial paper with verb (abbreviation of verb)

1. Establish a sound risk management system.

The drawer shall establish and improve the risk management system, timely discover the risk of overdue payment of commercial bills, and take effective measures to prevent overdue payment of commercial bills.

2. Improve the credit management system.

The drawer shall improve the credit management system, find out the credit problems of the holder in time, and take effective measures to prevent the overdue payment of commercial bills.

3. Improve the pledge system.

The drawer should improve the pledge system, pledge commercial bills to banks to obtain loans to meet their own capital needs.

Abstract of intransitive verbs

Late payment of commercial bills is a common phenomenon and a risk of commercial bills. The drawer shall strengthen the management of funds, establish and improve the collection system, improve the credit management, establish and improve the risk management system, improve the credit management system, improve the pledge system, effectively prevent the overdue payment of commercial bills, and ensure the safety of commercial bills.