1 thought on “What are the conditions for applying for a commercial acceptance bill?”
Roberta
1. The applicant of commercial acceptance bills and discounted applicants must be corporate legal person or other economic organizations approved by the national industrial and commercial administrative authority or competent department; Commodity and labor transactions can provide corresponding commodity transaction contracts and VAT invoices; 3. The transaction contract for commercial acceptance bills required to discount must be legal and complete. The requirements for issuing, endorsement, and acceptance of commercial acceptance bills stipulated in the system, there are no words such as "no transfer" and "pledged" on the bill of exchange; Good situation; 6. The bank requires other conditions to meet. In summary, bank acceptance bills are issued by banks. The risks are very low. Basically there is no credit risk, and endorsements and transfer are more convenient. The commercial acceptance bill is issued by the enterprise itself. When the economic situation is not good, there is still a risk of breach of contract. These are the main differences between commercial acceptance bills and bank acceptance bills. If the risk control is relatively strict, it can use banking bills as much as possible.
1. The applicant of commercial acceptance bills and discounted applicants must be corporate legal person or other economic organizations approved by the national industrial and commercial administrative authority or competent department; Commodity and labor transactions can provide corresponding commodity transaction contracts and VAT invoices; 3. The transaction contract for commercial acceptance bills required to discount must be legal and complete. The requirements for issuing, endorsement, and acceptance of commercial acceptance bills stipulated in the system, there are no words such as "no transfer" and "pledged" on the bill of exchange; Good situation; 6. The bank requires other conditions to meet. In summary, bank acceptance bills are issued by banks. The risks are very low. Basically there is no credit risk, and endorsements and transfer are more convenient. The commercial acceptance bill is issued by the enterprise itself. When the economic situation is not good, there is still a risk of breach of contract. These are the main differences between commercial acceptance bills and bank acceptance bills. If the risk control is relatively strict, it can use banking bills as much as possible.