Commercial acceptance bills are accepted by drawees other than banks. Commercial acceptance bills are issued by the sales enterprises or purchasing enterprises agreed by both parties to the transaction, but accepted by the purchasing enterprises. The payer of a commercial acceptance bill shall notify the bank to pay on the same day after receiving the payment notice from the bank where the account is opened.
A commercial bill is a bill issued by the drawer, which entrusts the payer to unconditionally pay a certain amount to the payee or holder on a specified date. Commercial acceptance bills are accepted by drawees other than banks. Commercial acceptance bills are issued by the sales enterprises or purchasing enterprises agreed by both parties to the transaction, but accepted by the purchasing enterprises.