Commercial paper, that is, commercial paper, refers to unsecured short-term bills issued by financial companies or some enterprises with high credit.
Knowledge expansion:
First, the types of commercial tickets can be roughly divided into the following five types:
1, state-owned enterprises and central enterprises, 2, listed companies, 3, real estate business tickets, 4, private enterprises, 5, blacklisted business tickets.
Second, the characteristics of commercial tickets:
1. The longest payment period of commercial tickets cannot exceed 6 months.
2. The term of sight payment of commercial draft is 10 days after the maturity date of the draft.
3. Commercial bills can be transferred by endorsement.
4. If the holders of commercial tickets need funds, they can apply to the bank to discount the unexpired commercial tickets.
Suitable for settlement in the same city or different places. Third, important attributes:
1. Discounted amount: the actual discounted amount is the amount after deducting interest from the discount date to the day before the maturity of the bill. Interested parties can pay attention to the discount rate.
2. Term: The discount period of a commercial bill shall not exceed 6 months from the discount date to the maturity date of the bill.
3. Interest rate: The rediscount rate will increase by one percentage point to generate the discount rate, and the increase rate will be determined by the Bank of China. The discount rate of commercial bills is generally higher than that of bank acceptance bills, but it does not exceed the loan interest rate for the same period.