Discounting commercial acceptance bills refers to a credit industry in which the holder transfers the unexpired commercial acceptance bills to the bank, and the bank pays the bill balance to the holder after deducting the discount interest according to the discount rate. It is illegal to discount civil acceptance bills, and the applicant for discounting bank acceptance bills can only be an enterprise legal person or other economic organization registered effectively according to law. Private individuals are not qualified and belong to illegal business.
Discount rate, the discount rate of bank acceptance bills is the result of negotiation between banks and holders. Banks generally determine the discount rate according to the credit status of the holder, the maturity date of the bill, the discount amount and other factors. However, because the bank acceptance bill has a certain credit endorsement, its discount rate is generally lower than other bills.
To sum up, the discount of bank acceptance bill refers to the behavior that the holder of bank acceptance bill transfers his bill to the bank, and the bank pays the bill denomination to the holder after deducting a certain discount interest.
Legal basis:
Criminal law of the people's Republic of China
Article 225
Whoever, in violation of state regulations, commits one of the following illegal business operations and disrupts the market order, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than one time but not more than five times the illegal income. If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years, and shall also be fined not less than one time but not more than five times for illegal gains or confiscation of property:
1. Without permission, engaging in franchise or monopoly commodities or other commodities whose operation is restricted by laws and administrative regulations;
2. Buying and selling import and export licenses, import and export certificates of origin and other business licenses or approval documents stipulated by laws and administrative regulations;
3, without the approval of the relevant competent departments of the state, illegally engaged in securities, futures, insurance business, or illegally engaged in fund payment and settlement business;
4. Other illegal business operations that seriously disrupt the market order.