Generally, bank acceptance bills are easier to use.
Reasons for enterprises to use bank acceptance bills
1 payment is convenient and flexible.
The bank acceptance bill generated by the bank letter of credit avoids the trouble of large cash transfer. If the counterparty can't make cash transactions or transfer payments, bank acceptance bills become the most popular choice.
With the popularity of electronic bank acceptance bills, the security and rapidity of bill delivery have been further improved.
2 save money
In the sale of bank acceptance bills, financing will give the fund supplier a certain spread (discount). For example, an enterprise can purchase an electronic acceptance bill with a face value of 654.38+10,000 yuan with 98,500 yuan, and pay the payment of 654.38+10,000 yuan.
3 speculation to earn the difference
Some large enterprises run out of bank credit and the discount rate given by banks is low, so they start the arbitrage business of buying bank acceptance bills for discount. Enterprises can buy bank acceptance bills and return them to the bank at the agreed discount rate to earn spreads.
4 the needs of the contract
The payment method of the contract signed by both parties is bank acceptance bill.
Bank's Acceptance Bill
It refers to the bill issued by the depositor who opens a deposit account in the acceptance bank, applied to the opening bank and accepted by the opening bank, and guaranteed to pay unconditionally to the drawee, payee or bill determined by the drawee 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 standing.
The bank's acceptance bill is actually a bank's white note, but this white note is not an ordinary white note, because it has bank credit as an endorsement and can be circulated among enterprises.