electronic bill
belong to
Financing instrument
function
Identity authentication management, data information exchange
catalogue
1 overview
2 function
3 function
Four advantages
5 Development background
Fold and edit this paragraph overview
With the development of bank supply chain finance, electronic commercial paper has become an important new financing tool urgently needed by the market. Electronic commercial bills, that is, electronic bills. It is made by the drawer in the form of data message, and entrusts the payer to unconditionally pay a certain amount of bills to the payee or holder on a specified date.
Generally, electronic commercial bills are divided into electronic bank acceptance bills and electronic commercial acceptance bills. Compared with paper commercial bills, electronic commercial bills are issued and circulated in the form of data messages, and electronic signatures replace entity signatures.
Fold and edit this paragraph function
The functions of electronic bills are mainly embodied in providing services related to monetary payment and fund settlement of electronic commercial bills, providing comprehensive services such as registration and inquiry of paper commercial bills and public quotation services of commercial bills (including paper and electronic commercial bills).
Identity authentication management function: the electronic commercial bill system should have the function of identifying the identity of the access point bank to ensure the non-repudiation, data integrity and transmission confidentiality of various business activities between banking financial institutions (hereinafter referred to as commercial banks) and the electronic commercial bill system. Based on the access and exit management rules of access point banks, the addition, change and revocation of access point digital certificates are means, including accepting access point bank applications, maintaining access point information according to regulations and other specific matters.
Data information exchange function: through the connection between the electronic commercial bill system and the intra-bank system of commercial banks and other related systems, the electronic commercial bill system is used as an intermediary to receive, verify, register, store, send or forward data information, so as to realize the interconnection of data information of electronic commercial bill business, paper commercial bill registration inquiry business and commercial bill public quotation business between different commercial banks, and realize the transmission of electronic commercial bill fund settlement data between this system and the payment system.
Registration and storage function: the electronic commercial bill system can register and store the bill behavior, financing behavior, settlement behavior, face value content and circulation process of each electronic commercial bill in the database.
Electronic commercial bill system, through which electronic commercial bills issued by customers of all banks can be centrally registered and stored, and an interconnected circulation and transfer platform can be provided to realize the electronization of various business processes of electronic commercial bills.
The function of folding and editing this paragraph
Electronic draft-a new beacon for buyer's financing
With the increasing business volume of customers in China, it is becoming more and more important to realize simpler and faster payment of accounts receivable funds between them and their agents-customers hope to improve the current bill buyer financing solution through banks, thus releasing the cash flow in accounts receivable. In practice, it is not difficult to find that shortening the term of accounts receivable is the key point of customer trade financing.
Advantages of folding and editing this paragraph
First, speed up capital turnover and improve settlement efficiency;
Second, reduce the payment risk and ensure the safety of funds;
Third, break through the paper ticket quota and "multiply" the financing benefits;
Fourth, eliminate circulation obstacles and save transaction costs.
Fold the development background of editing this paragraph.
1993 The People's Bank of China has formulated the Measures for Commercial Bills.
Since 2000, China's commercial paper market has developed rapidly.
In 2005-2006, the core enterprises in household appliances, steel and other industries put forward the demand for electronic bills based on convenient circulation and group management. Commercial banks responded positively, and China Merchants Bank and Minsheng Bank respectively launched electronic billing services to meet the needs of enterprises.
In 2007-2008, the supply chain finance business of small and medium-sized enterprises rose, and the huge market demand and market competition pressure forced commercial banks to launch electronic bill business one after another.
In 2008, the People's Bank of China established the ECDS project.
In 2009, China People's Bank ECDS Branch was established.