Bank discount statement

For the concept of discount, the expression of domestic commercial banks is relatively close. China Construction Bank stipulates in the Internal Management Regulations on Acceptance and Discounting of Commercial Bills that the discount of commercial bills refers to a financing behavior that the holder of commercial bills transfers the unexpired commercial bills to the bank, and the bank pays the balance of the face value after deducting the discount interest to the holder. China Industrial and Commercial Bank stipulates in its Interim Provisions on Discount Management that discount is the behavior of the holder to transfer the bill rights to the bank in order to obtain funds before the bill expires. On the website of Bank of China, discounting is described as "a bank credit business in which the payee or the holder applies to the bank to discount the unexpired bank acceptance bill or commercial acceptance bill, and the bank pays the payee the balance after deducting the discount interest according to the par value. Once the bill is discounted, it belongs to the discounter, and the discounter can collect the ticket directly from the acceptor at maturity. "

According to the website of China Minsheng Bank, "Discounting of commercial bills refers to the bill behavior that the holder of commercial bills transfers the bill rights to financial institutions before the bill expires, so as to obtain certain funds and pay certain interest". Discount listed by official website of Shanghai Pudong Development Bank is defined as "the bill behavior that the holder transfers the rights of the bill to the bank in order to obtain funds before the maturity of the commercial bill, which is a way for the bank to finance the holder". According to the website of Bank of Communications, "Discounting of commercial bills refers to the act of legal holders of commercial bills (including bank acceptance bills and commercial acceptance bills) transferring bills to Bank of Communications in order to obtain funds before the bill expires". Article 9 of the General Principles of Loans promulgated by the People's Bank of China on 1 June, 19961August, 19961put "credit loan, secured loan and discount" side by side, and made it clear that "discount" refers to the lender's payment by purchasing the borrower's unexpired commercial paper.

The Interim Measures for the Administration of Acceptance, Discount and Rediscussion of Commercial Bills promulgated by the People's Bank of China 1997 (hereinafter referred to as the Interim Measures) stipulates that discount refers to the bill behavior of the holder of a commercial bill to transfer the bill rights to a financial institution before the bill expires, which is a way for financial institutions to raise funds from the holder. To sum up, the definition of discount by commercial banks is mainly based on the Interim Measures of the People's Bank of China for Discounting. The definition of discount in the General Principles of Loans has two meanings: 1. Discounting is the behavior of the lender to buy the borrower's unexpired commercial paper, which belongs to the buying-selling relationship; 2. Discounting is a kind of loan. The core meaning of the definition of discount in the Interim Measures is to define discount as the behavior of the original holder to transfer the rights of the bill.