The Concept of Commercial Air Ticket Discount
The so-called discount of commercial bills means that the capital demander requires the bank or discount company (financing company) to convert the unexpired commercial bills into cash, and the bank or discount company receives these unexpired bills receivable and pays the cash to the bill discount enterprise after deducting the interest after discount according to the par value. It is a financial asset transaction, which belongs to the asset business of banks.
Discount characteristics of commercial tickets
1. Discounting business can quickly realize the unexpired commercial bills for customers, with convenient procedures and low financing cost.
2. Customers can get the financing money advanced by the bank in advance to speed up the company's capital turnover and improve the efficiency of capital utilization.