Companies can buy and sell bank acceptance bills. Suitable for all kinds of state-owned enterprises, private enterprises, medical and health institutions, schools and other units with real trade background and deferred payment needs.
Conditions of drawer of bank acceptance bill
(1) Legal persons and other organizations that open deposit accounts in the accepting bank;
(2) It has a true entrusted payment relationship with the accepting bank;
(3) Can provide a legally binding purchase and sale contract and its VAT invoice;
(4) It has sufficient payment ability, good settlement record and settlement reputation.
(5) Good credit relationship with banks, no loans overdue record.
(6) Can provide corresponding guarantee, or deposit a certain percentage of deposit as required.
(7) The drawer has a good credit guarantee.
What is a bank acceptance bill?
A bank acceptance bill is a commercial bill issued by a depositor who opens a deposit account in an acceptance bank, applied to the opening bank, and accepted after being examined by the bank. Guarantee to unconditionally pay a certain amount of bills to the payee or holder on the specified date. Accepting a commercial bill issued by the drawer is the credit support given by the bank based on the recognition of the drawer's credit status. 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 and high flexibility, which effectively saves capital costs. Financing commercial transactions with bank acceptance bills is called acceptance financing.
Bank acceptance bill is a deferred payment bill issued by the bank on behalf of the payer, 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.
Because of the bank guarantee, the bank has certain requirements for the company that entrusts the issuing bank to accept the draft. Under normal circumstances, the enterprise will be required to deposit a deposit equivalent to the amount of the bill until the bill is due for payment. Some enterprises also deposit a deposit of tens of percent of the bill amount with the bank, but the bank must grant credit to the enterprise to handle bank acceptance bills and use the credit line within the credit line. Without a bank letter of credit, the issuing bank is not qualified to accept the draft.
Commercial bills are divided into commercial acceptance bills and bank acceptance bills. Bank acceptance draft in triplicate. The first copy is a card, which is kept by the accepting bank as the base card. Second, when the payee bank receives the bill from the acceptance bank, it will subpoena the interbank account; The third is the stub, and the card issuing unit prepares the relevant vouchers.