The differences between commercial notes and bank notes: 1. The acceptors are different. 2. Different credit ratings. 3. The risks are different. 4. Different liquidity. 5 other differences.

1. The acceptor is different: the so-called acceptor is the person who promises to honor the bill. If you go to him with the bill, he must pay. The acceptor of the bank note is the acceptor of the bank commercial note. It is a payee other than the bank. It is also the company that issues the bill.

2. Different credit ratings: the acceptor of the bill determines its credit. The bank bill is accepted by the bank and is endorsed by the bank's credit; the commercial bill is endorsed by the bank. Enterprise acceptance means that the credit of the issuing enterprise is used as an endorsement. Of course, the credit of the bank is higher than the credit of the enterprise, so the credit rating of bank notes is higher than that of commercial bills.

3. Different risks: The risk of a bill is that when the bill matures, the acceptor has no money to pay. If a bank note cannot be cashed, it means that the bank that issued the bill fails. If a commercial bill cannot be cashed, it means that the company that issued the bill fails due to poor management. Generally speaking, the risk of bank failure is still lower than the risk of corporate failure.

Four.: Different liquidity: Commercial bills have a low credit rating, so in actual transactions, the party receiving the bills prefers bank acceptance bills, so the liquidity of commercial bills is lower than that of bank bills.

V. Other differences: In addition to the above differences, bank bills and commercial bills are different in terms of the invoicing process, discount interest, discount conditions, etc. If the fund management institution divides the dividends (including interest) and capital gains By reinvesting proportionately rather than distributing proceeds to investors, investors can increase the value of their assets in the fund without having to purchase additional shares. An increase in the price of the securities in which the fund invests can also increase the value of investors' shares.

6. Bills are a legally recognized and common method of transaction settlement. Bills in the broad sense refer to all types of bills covered by my country's "Negotiable Instruments Law", including bills of exchange, promissory notes, and checks. Bills in the narrow sense generally refer to commercial bills, which are the commercial bills and banknotes that we often hear in our lives. First of all, the acceptance objects are different. Commercial acceptance bills are accepted by payers other than banks, while bank acceptance bills are accepted by banks. Secondly, the issuing objects are different. According to the agreement between the parties to the transaction, the commercial acceptance bill is issued by the selling enterprise or the purchasing enterprise, but it is accepted by the purchasing enterprise. Bank acceptance bills are issued by depositors who open deposit accounts in banks. The accepting bank charges the drawer a handling fee of 0.5% of the face amount. Third, if the issuer of a commercial acceptance bill has insufficient bank deposits, the bank may refuse to pay. If the issuer of a bank acceptance bill has insufficient bank deposits, the bank will pay unconditionally upon sight. Fourth, bank acceptance bills have a higher safety factor than commercial acceptance bills.