discount rate
Discount interest rate refers to the interest rate used by the transferee to calculate the discount interest after the holder accepts and transfers the forward bill in the discount market before the bill expires. Or the interest rate used by banks to calculate discount interest when they buy unexpired bills.
In discount, the interest that an enterprise or individual posts to a bank is called discount interest.
Discount interest = maturity date of bills × discount rate × discount period
These include:
① Maturity value of interest-free bills = face value of bills receivable.
② Maturity value of interest-bearing bills = face value of bills receivable ×( 1 annual interest rate of bills × maturity days of bills /360)
The interest rate used for discount is called discount rate, which is not necessarily equal to the market interest rate, but always higher than the bill interest rate.
Discount rate: floating on the basis of the current rediscount rate of the People's Bank of China. The discount rate is the market price, which is determined by both parties through consultation, but the maximum discount rate cannot exceed the current loan interest rate.
The discount rate shall be implemented in accordance with the regulations of the People's Bank of China. According to the same level of liquidity loan interest rate of commercial banks, it will drop by 3 percentage points.
The discount rate directly affects the amount that the holder finally gets, so the holder should try to find a bank or discount company with high reputation, low discount rate and fast discount time to discount.
2. What does the discount rate mean?
Discount interest rate means: refers to the interest rate suitable for calculating certain interest when commercial banks discount bills.
Discount rate refers to the interest rate charged by banks to discount applicants when accepting commercial bills and treasury bills. Discount rates are divided into ordinary discount rate, discount rate and rediscount rate according to discount types, among which rediscount rate, discount rate and ordinary discount rate. Generally speaking, the discount rate is higher than the bank loan interest rate.
The reason is that the bank loan is lent to the customer according to the amount stipulated in the loan contract, while the discount is given to the customer according to the par value MINUS the discount interest. So the discount amount of the bank is lower than the face value. If the two are equal, it is equivalent to the bank paying less of the loan principal at the same interest rate and interest charged.
Secondly, there is a time value difference between the collection period of loan interest and discount interest. Loans can't charge interest before the end of the loan period, but at present, discounted bills charge interest. Therefore, the discount rate should be lower than the loan rate. In discount, the interest that an enterprise or individual posts to a bank is called discount interest.
Discount interest rate refers to the interest rate used by the transferee to calculate the discount interest after the holder accepts and transfers the forward bill in the discount market before the bill expires. Or the interest rate used by banks to calculate discount interest when they buy unexpired bills. The discount rate shall be implemented in accordance with the regulations of the People's Bank of China. According to the same level of liquidity loan interest rate of commercial banks, it will drop by 3 percentage points.
The difference between discount rate and interest rate:
The discount rate is different from the interest rate. Discount rate refers to the interest rate used to convert future payments into present value. Simply put, it is the ratio of future money to present value, and the ratio of less or more money to future money. Interest rate refers to the ratio of interest amount to principal in a certain period.
It is usually calculated by the percentage of one-year interest to the principal, which can be expressed as annual interest rate, monthly interest rate and daily interest rate according to different measurement term standards. When commercial banks discount bills, they calculate interest according to a certain interest rate, which is also the discount rate. The discount rate is mainly determined by the financial market interest rate.
3. What is discounted interest?
Discount interest means that the holder of the acceptance bill applies to the bank for discount with the unexpired acceptance bill, and the bank agrees to give cash, but the bank must calculate and deduct some money from the amount of the bill according to the discount rate and the remaining days of the acceptance bill, and this part of the money deducted from the amount of the acceptance bill is discount interest. Calculation formula of discount interest: discount interest = daily discount rate of bill face value from discount date to bill maturity date. For example, if the bill amount is 10000 yuan, the maturity date is July 20, 2006, and the holder applies to the bank for discount in April of February1year, and the annual interest rate of the bank is 3.6%, then the discount interest = 10000903.6%/360 = 90 yuan, and the bank will discount it on the day. (Note: When the annual interest rate is converted into daily interest rate, it is generally calculated as 360 days a year, so it should be divided by 360. The discount rate is generally much lower than the loan interest rate, and the discount procedure is simpler than the loan, which can meet the financing requirements of enterprises when they are in urgent need of funds. The liquidity of bills of exchange is also very high, and banks are more willing to handle discount business.
4. What is the interest rate of the discount rate?
The discount rate is based on the interest rate. Interest rate is an important leverage adjustment tool and professional name in financing practices such as economics, lending and leasing, and enterprise financial management.
Therefore, interest rates include long-term and short-term deposit rates and long-term and short-term loan rates. In other words, the level of interest rate will change with different subjects and periods. The interest rate is usually determined by the main institution of the other party or agreed by the borrower and the lender.