Bank draft refers to the bill issued by the issuing bank and paid unconditionally to the payee or the holder according to the actual settlement amount at sight; commercial draft is the bill issued by the drawer and entrusted the payer to pay unconditionally the fixed amount to the payee or the holder on the specified date.
The so-called bank acceptance bill, referred to as bank notes. It is mainly a bill issued by the purchaser, applied to the bank where the purchaser opens an account and accepted by the bank, which guarantees unconditional payment of a certain amount to the payee or holder on the due date of the bill. What is the difference between bank acceptance bill and commercial acceptance bill?
The differences between bank acceptance bill and commercial acceptance bill are mainly reflected in:
1. Different acceptance subjects
Bank acceptance bills are accepted by banks;
Commercial acceptance bills are accepted by drawees other than banks.
2. Different credit rating
Different acceptors of commercial acceptance bill and bank acceptance bill determine that commercial acceptance bill is commercial credit and bank acceptance bill is bank credit. In the real transaction, the party receiving the bill prefers to choose the bank acceptance bill.
3. The risks are different
When the acceptor of a commercial acceptance bill has no money to pay, there will be a high risk of payment;
The bank acceptance bill has no payment risk, and can obtain funds in advance from the bank discount.
4. Different circulation
The credit rating and liquidity of commercial bills are lower than bank acceptance bills.
5. There are different ways to deal with bills when they are due.
There are two categories of bills of exchange
The bank acceptance bill is promised to be paid by the bank, while the commercial acceptance bill is issued by the enterprise and promised to be paid at maturity.
商业承兑汇票由企业签发并承诺到期支付货款，银行承兑汇票则由银行承诺支付。前者等同于支票,要等 1-3 天才能到达收款人帐号，后者即时到帐。
Commercial acceptance bills are issued by enterprises and promise to pay when due, while bank acceptance bills are promised by banks. The former is the same as the check, it will take 1-3 days to reach the payee’s account, and the latter will arrive at the account immediately.
1、 What do they have in common
1. Commercial acceptance bill and bank acceptance bill are basically three parties, namely the drawer, the drawee and the payee;
2. Both can be used after presenting to the drawee for acceptance at the time of issue, or can be used before presenting to the drawee for payment after issue;
3、持票人的收款方式，从 1997 年 6 月 1 日起，都一致采用委托收款方式向承兑银行提示付款；
3. Since June 1, 1997, the collection method of the holder has consistently adopted the entrusted collection method to prompt the acceptance bank for payment;
4. Both the drawer and the payee must open a deposit account in the bank, and there is a real transaction relationship or debt relationship between them.
2、 The difference between the two
Due to different acceptors of commercial bills, the nature of commercial acceptance bills and bank acceptance bills is not exactly the same
1. The charging method is different
The commercial acceptance bill is accepted by the drawee himself, which has nothing to do with the Bank of deposit. The bank can’t charge the acceptance fee.
The bank acceptance bill shall be accepted by the opening bank of the drawer, and the acceptance bank shall collect 5 / 10000 of the acceptance money from the drawer according to the face value.
2. The relationship between credit and debt is different
For the former, the bank is only the intermediary of clearing funds, which needs to wait for the maturity date of the bill to settle the bill through the bank, and the drawee (i.e. acceptor) is the principal debtor of the commercial bill; for the latter, because the bank accepts the commercial bill, the acceptance bank is the principal debtor of the commercial bill, and because the acceptance agreement is signed with the drawer, the acceptance bank is the creditor of the drawer, so the latter has the existence of the bill According to the internal and external dual credit relationship.
3. Different accounting procedures
Due to the differences between the two, the specific procedures for the issue, acceptance and maturity of commercial acceptance bill and bank acceptance bill are also different. For example, according to the payment and settlement method, the former is issued by the buyer and the seller according to the contract, and becomes effective after the payer signs the word “acceptance” and affixes the reserved bank seal; the latter is subject to the examination and approval of the deposit bank, and signs a confirmation agreement with the drawer, and signs the word “acceptance” on the bank acceptance bill and affixes the relevant bank seal Chapter, it produces legal effect.
商业承兑汇票到期时，收款人对同城承兑的汇票，应于汇票到期日送交其开户银行办理委托收款；对异地承兑的汇票，应于汇票到期日前若干日内送交其开户银行办理委托收款；对已逾期的汇票，应于汇票到期日起 10 日内的提示付款期限内送交其开户银行办理委托收款，超过期限的，银行不予受理。如果付款人存款账户上余额不足支付票款，付款人开户银行应将商业承兑汇票退回给收款人或持票人，由其自行处理。
When the commercial acceptance bill is due, the payee shall send the bill accepted in the same city to the Bank of deposit for entrusted collection on the due date of the bill; for the bill accepted in different places, the payee shall send it to the Bank of deposit for entrusted collection within several days before the due date of the bill; for the overdue bill, the payee shall send it to the Bank of deposit for entrusted collection within 10 days after the due date of the bill Within days of the time limit for presentment of payment, it shall be sent to the bank where it opens an account for entrusted collection. If it exceeds the time limit, the bank will not accept it. If the balance in the payer’s deposit account is insufficient to pay for the bill, the bank where the payer opens an account shall return the commercial acceptance bill to the payee or the holder for handling by himself.
When the bank acceptance bill is due, although the entrusted collection method is also used to settle the bill, if there is no money in the drawer’s deposit account or the balance of the deposit is insufficient to pay the bill, the acceptance bank will make overdue loan processing, and collect the penalty interest according to the relevant regulations, and can’t refund the bill casually.
4. Bill behavior is different
The former is the bill behavior between the buyer and the seller, which is the external manifestation of commercial credit; the latter is not only an independent bill behavior, but also a kind of credit giving and receiving business of the bank.