Because it is not due, you have to pay a certain amount of interest to the bank, and the proportion of this interest is the discount rate.
Discounting refers to the bill behavior that the holder of a bank acceptance bill transfers the bill rights to the bank in order to obtain funds before the bill expires. It is a way for the holder to get financing from the bank.
What is the discount rate?
Discount rate refers to the interest rate used to turn future payments into present value, or refers to the interest rate at which the holder uses unexpired bills and asks the bank to cash them now, and the bank deducts interest in advance.
Changing the discount rate is an important means of national economic and financial policies. When the economy is depressed, lowering the discount rate can guide banks to lower the loan interest rate, facilitate enterprises to prepare funds and effectively stimulate economic recovery.
The discount rate is simply the ratio of future money to present value, less or more money to future money.
For example, you now have 950,000 yuan, and after 0 years, it will become 6,543.38+0 million due to bank interest or RMB appreciation. The extra 50,000 yuan will be 5% higher than 654.38+0 million yuan after 654.38+0 years, so the discount rate is 5%.
Calculation formula: discount rate = discount interest/bill denomination 100%.
The discount rate is the discount rate.
Discounting refers to the bill behavior that the holder of a bank acceptance bill transfers the bill rights to the bank in order to obtain funds before the bill expires. It is a way for the holder to get financing from the bank.
Discount refers to the transfer of the bill to the holder, and the monetary funds prepaid to commercial credit are recovered in advance; For discount companies or banks, it is to provide bank credit to ticket holders.
Banks set the discount rate according to the market interest rate and the credit degree of bills, and calculate the discount interest from the discount date to the maturity date of bills. Discount interest = bill denomination × discount rate × bill term.