Basic knowledge of bill financing

Commercial banks will discount all kinds of bills to trust intermediaries at the agreed expected annualized interest rate, and trust intermediaries will sell them to investors after packaging design. Investors obtain expected annualized expected returns by purchasing bill financing products, which is called bill financing. Bill financing took over the fire of money fund financing and became the favorite of many financial platforms. From the specific mode, bill financing can be divided into two categories: vertical sales and large platform channels. The former is represented by Bill Bao and Yinpiao.com, while the latter is represented by Ali, JD.COM and Suning Yunshang. The innovation of bill financing lies in two aspects: on the one hand, through the online platform of Bill Bao, internet financial investors are brought to the core business level of traditional banks, so that ordinary people can also enjoy the relatively high expected annualized expected income of the core business of "bill". On the other hand, Internet bill products are similar to bill discounting in the traditional business of banks. What is bill discount? For the holder, discounting is the act of selling the unexpired bills to the bank 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. In the past, the bank's bill discount business was only aimed at corporate customers, not ordinary individual customers. "Bill treasure" allows investors to realize indirect investment in bank acceptance bills. Prior to this, ordinary retail investors generally did not have the qualification to accept investment bank bills and needed to buy them through financial institutions.