2. Bank acceptance bills are sold at a discount. The main investors of bank acceptance bills are money markets, mutual funds and municipal entities. Its characteristics are: good credit, strong acceptance, high flexibility, and effective savings in capital costs. Financing commercial transactions with bank acceptance bills is called acceptance financing.
3. Bank acceptance bill is a deferred payment bill issued by the payer entrusted by the bank, and the bank has the obligation to pay at sight when it expires; The longest term of a bill is six months, and it can be endorsed and transferred within the term of the bill.
The difference between bank acceptance bills and loans
1, the financing period is different.
Anyone familiar with financing knows that the loan period is usually as short as a few months and as long as five years, while the bill acceptance period is no longer than six months (the longest term of electronic bills is 1 year). This time node is also very important, so you need to pay attention to the following points!
2. The use of funds is different.
Generally, the purpose of the loan is agreed, and it is subject to the examination, supervision and control of the loan bank. The difference is that enterprises do not need to make any promises or explanations on the use of discounted funds when applying for discount, and banks certainly have no audit obligation in this respect!
3. Interest is charged in different ways.
Generally, the loan interest is charged regularly when the loan expires or according to the agreed period, which is usually called loan first and then interest. However, in the discount business, the discount interest is obtained when the business occurs, that is, it is deducted from the denomination of the bill accepted by the bank, that is, the discount interest is deducted in advance. After discount, there is no creditor-debtor relationship between the bank and the applicant!
4. Different interest rates
I would like to remind you that the loan interest is higher than the discount! Moreover, enterprises have higher requirements for obtaining loans and more procedures. But the interest rate of discounted bills is lower than that of loans! For banks, discounting can not only earn interest income, but also recover funds quickly and safely.
5. Different parties
The parties to the loan are generally banks, borrowers and guarantors, and the parties to the discount are generally banks and discount applicants.
6. Different procedures
There are many preparations for loan delivery, and the procedures are complicated, while the discount procedures are simpler than loans. Generally speaking, as long as the bill is true and the formation and acquisition of the bill are legal, you can apply for discount.