Bill issuance refers to the issuance (delivery) of bills. The last step of establishing bill relationship is to complete the last link of bill behavior. After the bill is recorded according to law, it must be signed and sealed by the bill actor and delivered to the holder, so that the bill relationship can be established and the bill behavior can be completed.
Through the issuance of the bill, the contents of the bill are reviewed to determine whether the bill behavior finally takes effect. If the issuer is a natural person, it shall issue it in person. If it is a legal person, in China, it is generally necessary for the legal representative or authorized person to prove the signature of its professional title, and then affix the official seal of the unit.
Suppose there is a transaction between two enterprises (enterprise A and enterprise B), for example, enterprise A buys the products or services of enterprise B and agrees to use the draft as the means of payment, then enterprise A can open a commercial draft by itself or apply for opening a commercial draft in its own bank according to the transaction amount, date, counterparty and other information. This process is called bill issuance.
If it is a bill drawn by enterprise A itself, it is a commercial acceptance bill. At this time, enterprise A is both the drawer and the acceptor. After the bill expires, enterprise A is responsible for payment (after receiving the bill sent by the payee, it will distribute the money to the payee according to the par value).
The functions of the Act include:
1, payment function.
2. Exchange function. Refers to the ability of a country's currency to buy foreign currency.
3. Credit function. That is to say, the parties to the bill can take the money that can be obtained in the future as the present money by virtue of their own credibility.
4. Settlement function. That is, the debt offset function.
5. Financing function. That is, financing or dispatching funds. The financing function of bills is realized by discounting, discounting and rediscounting.
6. Cycle function. Refers to the transfer of a bill without notifying its debtor, and as long as the bill is available, it can be delivered or endorsed for transfer.