Bank acceptance bills can be used as a settlement method, such as paying the project price. But if the bank accepts it, it will pay a certain interest. Then what is the discount interest on bank acceptance bills? Then who will bear the discount interest on bank acceptance bills? These problems are very important for acceptance discount.
1. What do you mean by discounted interest?
Discount interest refers to the interest paid to the bank by the holder who applies to the bank for discount denomination.
Discounted amount paid refers to the net amount of the bill minus the discount interest payable, that is, the amount actually obtained by the holder of the bill after discount.
According to the regulations, the discount interest should be calculated according to the discount amount, discount days (the days from the date when the bank pays the discounted bill to the discount unit to the day before the bill expires) and the discount rate.
2. What is the discount interest on bank acceptance bills?
Discount interest = face value of bank acceptance bill * conversion date interest rate * days from discount date to maturity date
Due to the different discount standards of bank acceptance bills, the month and year may be the standard.
If calculated according to the monthly interest rate, the discount calculation formula is: bill face value × monthly discount rate y%× number of months from bill discount date to maturity date;
Some banks calculate according to the number of days, and the discount formula is: face value of bills × annual discount rate × (discount date-maturity date of acceptance bills) days /360.
3. Who will bear the discount interest of bank acceptance bills?
Combined with the current contract law, negotiable instrument law and settlement rules in China, we believe that the bearing of discounted interest as the distribution of economic burden can be agreed by both parties through contract. If there is no agreement in the contract, it shall be borne by the holder.
1. From the perspective of the rights and obligations of the drawer of bank acceptance bills.
According to the law of negotiable instruments, we analyze the obligations of the drawer of bank acceptance bills. After issuing the bill, the drawer of the bank acceptance bill only undertakes the obligation of unconditionally paying the face value when the bill expires, and is not responsible for the payment and subsidy before the bill expires.
2. Judging from the financial treatment standard of bank acceptance bills,
For the holder, the money received by discounting the unexpired draft is bank deposit, and the discounted part is included in the financial expenses. It can be seen that the discount of bills of exchange in accounting standards is the financial cost of the holder and the capital cost that the holder should bear, so the discount interest of bank acceptance bills is also borne by the holder.
3. From the payment function of bank acceptance bills.
The bank acceptance bill obtained by the holder can not only obtain funds through discount, but also be endorsed and transferred as a means of payment. From this point of view, the act of repaying debts or stopping payment for goods did not generate interest discount, and the bank acceptance bill did not affect the economic interests of both parties to the transaction.
To sum up, the interest on the discount of bank acceptance bills should be borne by the holder, which is drawn from the perspective of different legal norms, and its conclusions all point to the same. I hope it helps you.