Bank acceptance bill is a kind of commercial bill. It refers to a bill in which a depositor opens a deposit account in an accepting bank, applies to the opening bank and is accepted by the opening bank, and guarantees to unconditionally pay a certain amount to the payee or holder on a specified date. Accepting a commercial bill issued by the drawer is the credit support given by the bank based on the recognition of the drawer's credit standing.

Bank acceptance bills are sold at a discount. The main investors of bank acceptance bills are money markets, mutual funds and municipal entities. Its characteristics are: good credit, strong acceptance, high flexibility, and effective savings in capital costs. Financing commercial transactions with bank acceptance bills is called acceptance financing.

Extended data:

Bank acceptance draft in triplicate. The first copy is a card, which is retained by the accepting bank as the base card; Second, when the payee bank receives the bill from the acceptance bank, it will subpoena the interbank account; The third copy is the stub copy, and the issuing unit prepares the relevant vouchers.

A bill that a bank promises to pay at maturity is called a bank acceptance bill; A bill of exchange promised by a powerful and reputable enterprise to pay at maturity is called a commercial acceptance bill. Because the credit system necessary for market economy has not been fully established in China, commercial acceptance bills are not widely used, and bank acceptance bills are widely used in our economic life.

Baidu encyclopedia-bank acceptance bill