Ten days after the electronic acceptance expires will be considered overdue.

By using electronic signatures and reliable security authentication mechanisms, electronic bank acceptance bills can ensure their uniqueness, integrity and security, and reduce the risk of bills being cloned, altered, forged, lost or damaged. risks; all bill activities such as the issuance, guarantee, acceptance, delivery, endorsement, pledge, discount, rediscount, and rediscount of electronic bank acceptance bills are performed on the electronic commercial bill system, which can greatly improve the efficiency of bill circulation and reduce manpower and financial costs, effectively improving financial and business efficiency.

Electronic bank acceptance bills are the inheritance and development of paper bank acceptance bills. The rights and obligations of bills reflected in electronic bank acceptance bills are no different from paper bank acceptance bills. The difference is that electronic bank acceptance bills The original paper physical bills are replaced by data messages, physical signatures are replaced by electronic signatures, manual transmission is replaced by network transmission, and manual writing is replaced by computer entry, realizing a completely electronic bill business process such as bill issuance, circulation, and redemption. change. The maximum term of electronic bank acceptance bills has been extended from six months to one year, and the maximum bill amount has been enlarged from 100 million yuan to 1 billion yuan. It has good liquidity and strong short-term financing capabilities, which is very helpful for group system enterprises to reduce financial expenses.

An electronic commercial bill is a bill produced by the drawer in the form of a data message and entrusts the payee to unconditionally pay a determined amount to the payee or holder on a specified date. It is similar to a paper commercial bill. It has the outstanding feature of issuance and circulation in the form of data messages, and replaces physical signatures with electronic signatures. It plays a very important role in eliminating forgery and alteration of bills, reducing corporate settlement costs, improving settlement efficiency, and controlling financing risks.

"Negotiable Instruments Law of the People's Republic of China"

Article 42 If the payee accepts a bill, the word "acceptance" and the date of acceptance shall be recorded on the front of the bill and signed. For bills of exchange that are payable regularly after sight, the date of payment shall be recorded at the time of acceptance.

If the date of acceptance is not recorded on the bill of exchange, the last day of the period specified in paragraph 1 of the previous article shall be the date of acceptance.