What does the bank bill business post do?

At present, China's central bank bill business has just started, and it can be predicted that the central bank bill business will surely develop by leaps and bounds, thus playing a huge role. But in the process of development, some problems deserve our attention.

First of all, in order to improve the market liquidity of central bank bills, we should improve their trading methods as soon as possible. On October 23rd, 65438, the central bank issued an announcement on open market business, and decided to list and trade central bank bills in the national inter-bank bond market in the form of forward repurchase from June 24th, 65438, and at the same time, it will be used as a forward repurchase trading tool for open market business. Because the central bank bill can not be traded in the secondary market at present, the role of the central bank bill will not be fully exerted. In order to increase the liquidity of central bank bills, central bank bills should be allowed to trade in the secondary market as soon as possible.

Second, in the current central bank bill repurchase transaction, we should pay attention to the mortgage ratio. Because the coupon rate of central bank bills is influenced by the money market interest rate when the bills are issued, the money market interest rate fluctuates greatly, so it is possible for central bank bills to be traded at a discount. When the market interest rate fluctuates greatly, the prices of some bills may be discounted. If the mortgage ratio of these discounted bills cannot be controlled during repurchase, there will be greater risks. Therefore, it is suggested that market participants flexibly grasp the mortgage ratio of central bank bills in reverse repurchase transactions to prevent risks.

Third, if the market main body can form a continuous quotation for central bank bills on the basis of fully studying the market, it will have an important impact on the liquidity of central bank bills and the formation of short-term interest rates. Because the liquidity of central bank bills is affected by the diversity of holders and other factors, the early liquidity will be affected. If the main institutions can form a continuous quotation mechanism, bill holders and demanders will have a clear price reference when buying and selling bills, which is conducive to improving market liquidity.

Bank bill business mainly refers to the issuance, acceptance and discount of bank bills, as well as the exchange and transfer of various checks.

Because of its high risk, many banks can only handle the bill business in the business department above the county branch. Business outlets usually divide counters into savings, inter-bank and so on. Bill business belongs to banks.