What does acceptance bill mean?

Simply put, acceptance of a bill of exchange is a kind of payment commitment, which means that the payer signs the bill and promises to undertake the payment obligation when the bill expires. Acceptance only occurs in activities related to time draft.

Characteristics of acceptance

(1) Acceptance is a unique accessory bill behavior.

(2) Acceptance can only be a bill act made by the payer.

(3) Acceptance must be on the front of the bill.

In our domestic trade, acceptance bills are divided into bank acceptance bills and commercial acceptance bills. Both bills of exchange are related to regular payment.

Bank acceptance bill: the bill here is a traditional order issued by the creditor asking the debtor to pay. When this bill is promised by the bank, it becomes a bank acceptance bill. As a short-term financing tool, bank acceptance bills generally have a term of 30 to 180 days, and 90 days is the most common.

Commercial acceptance bill: a commercial acceptance bill is a bill issued by the drawer, which entrusts the payer to unconditionally pay a certain amount to the payee or holder on a specified date. Commercial acceptance bills are accepted by drawees other than banks.

Related Questions and Answers: Related Questions and Answers: What does a bank acceptance bill mean? At present, bank acceptance bills are very common in commercial transactions, especially for those large enterprises, who especially like to issue bank acceptance bills to small enterprises because it has many benefits for large enterprises.

For banks, the bank that issues the acceptance bill is also the beneficiary, so large enterprises hit it off with banks, and because of this, it is very fashionable at present, and acceptance bills are also very common.

But when it comes to bank acceptance bills, many friends may not be familiar with them. If you haven't been exposed to bank acceptance bills, in case a large enterprise buys something from you and says it wants to open a bank acceptance bill, many people may be dumbfounded. Today, let's learn more about what a bank acceptance bill is.

I. What is a bank acceptance bill?

Commercial draft is a commercial payment method. At present, commercial bills are divided into bank acceptance bills and commercial acceptance bills, among which bank acceptance bills are the most common and the best credit rating commercial bills.

Simply put, a bank acceptance bill is invoiced by the drawer and the bank promises to pay it. The bank promised to pay them unconditionally after seeing the bill. In this process, the bank actually played the role of guarantee. Because of this, the credit rating of bank acceptance bills is very high.

2. Participants in bank acceptance bills.

Generally speaking, there are three parties to a bank acceptance bill:

One is the drawer, that is, the buyer who applies for issuing the acceptance bill. These drawers are generally customers of banks and have credit lines in banks.

The other is the seller, that is, the recipient of the acceptance bill. In this process, the seller's position is relatively passive.

Another is the bank, which plays the role of guarantee and is responsible for unconditional acceptance.

Here, the relationship between the three is that, for example, A and B bought goods worth 654.38+00,000 yuan, and because A was short of funds, he didn't want to pay for the goods in cash for the time being, so A found Bank C, and then asked Bank C to open a bank acceptance draft, and A handed the draft to B as payment.

3. What are the conditions for issuing bank acceptance bills?

Not everyone can draw a bank acceptance bill at will. In general, if you want to issue a bank acceptance bill, you need to meet at least several conditions:

1. Legal persons and other organizations that open deposit accounts in the accepting bank;

2. It has a true entrusted payment relationship with the accepting bank;

3. Have sufficient payment ability, good settlement records and settlement reputation;

4. If there is a real transaction between the buyer and the seller, a copy of the purchase contract signed with the supplier shall be provided; And now the bank's requirements are very strict. If you want to draw a bank acceptance bill, you must provide a special VAT invoice. If there is no special VAT invoice, it is difficult to draw a bank acceptance bill.

5. Pay the deposit. At present, all major banks must pay a deposit when issuing bank acceptance bills. how much is the deposit? It depends on the customer's conditions. If the customer's conditions are average, the bank basically requires to provide a deposit of 100%. If the customer's conditions are relatively high, the strength is relatively strong, and there is a credit line in the bank, a deposit of 30% or 50% can be paid, and the bank will give 50% to 70% exposure.

Fourth, the issuing process of bank acceptance bills.

1. The buyer and the seller must sign a real sales contract and issue a VAT invoice.

2. Submit the deposit and handle the risk. If you have more money, you can pay a deposit of 100%. If you don't have enough funds, you need to apply for exposure from the bank, which requires you to submit normal loan approval materials to the bank.

3. Issue bank acceptance bills.

The payer shall issue a bank acceptance bill in accordance with the provisions of the contract signed by both parties. The bank acceptance bill is in quadruplicate, the first copy is a card, and the accepting bank will make a payment summons when making payment; Second, when the payee bank receives the bill from the acceptance bank, it will subpoena the interbank account; The third is the settlement notice, which is sent to the accepting bank along with the customs declaration when the bill is received by the payee's bank, and the accepting bank serves as an attachment to the payment summons; The fourth copy is the stub copy, and the issuing unit prepares the relevant vouchers.

4. Acceptance of a bank acceptance bill is simply to sign a bank acceptance agreement in triplicate, which mainly includes the basic contents of the bill, the basic terms that the applicant should abide by after the bill is accepted by the bank, and so on.

5. Pay the bank acceptance fee, which is charged at 0.5 ‰ of the face value of the bank acceptance bill. If each handling fee is less than 10 yuan, it will be charged as 10 yuan; At the same time, the drawer shall transfer the corresponding deposits to the bank according to the requirements of the bank.

6. Payment: After the drawer gets the bank acceptance bill, he can send it to the supplier.

7. Payment: Generally, bank acceptance bills have a fixed term, the longest of which is no more than 6 months. Before the acceptance bill expires, the drawer must transfer the corresponding amount to the bank, otherwise the bank will deduct the deposit.

If the drawer fails to pay the bank normally after the expiration, and the bank still fails to get the corresponding money after deducting the deposit, then the drawer will have bad credit and default interest if it is overdue.

5. Circulation and discount of bank acceptance bills.

At present, bank acceptance bills are basically opened by big manufacturers, which have great voice, so they can open acceptance bills, while acceptors are generally small and medium-sized enterprises, and their liquidity is relatively tight, so these small and medium-sized enterprises generally discount them in advance after receiving acceptance bills.

However, the discount of bank acceptance bills in advance requires a certain amount of interest. At present, the market discount rate of bank acceptance bills is about 3.2%~4%, depending on different banks.

The calculation formula of discount interest is: face value × annual discount rate × (discount date-maturity date) days /360 days.

As for how to discount, there are several ways, one is to directly find a bank to discount, the other is to discount with some accounting companies, and the other is to discount on some bill trading platforms, among which discounting with banks is the safest.

Of course, if you are well-off and don't want to pay discount interest, you can also choose to cash it in the bank after maturity, so you don't have to pay any interest.

However, it is necessary to remind everyone that if the buyer can pay in cash, never accept bank acceptance bills. Bank acceptance bill is actually an act of bullying small enterprises by large enterprises.