When a bank accepts a bill of exchange, a number of endorsement columns are usually printed on the back of the bill in advance, indicating the statement that the rights of the bill are transferred to the endorsee. When the endorser endorses, a blank space is left for the endorser and the endorsee to fill in.
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Acceptance is one of the credit trading tools in money market, and it is generally the most popular one. The biggest difference between an acceptance bill and a bill of exchange is that the bill is guaranteed to be cashed by a third party with stronger financial resources, that is, the creditor does not cash it directly to the debtor, but by this third party. Acceptance bills in modern financial markets are usually accepted by banks.
Bank acceptance bill is a kind of commercial bill. It is a bill in which a depositor opens a deposit account in an accepting bank, applies to the opening bank, accepts it after examination by the bank, and guarantees to unconditionally pay a certain amount to the payee or holder on the 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 bill is a deferred payment bill issued by the bank on behalf of the payer, and the bank has the obligation to pay at sight when it expires; The longest term of a bill is six months, and it can be endorsed and transferred within the term of the bill.
Because of the bank guarantee, the bank has certain requirements for the company that entrusts the issuing bank to accept the draft. Under normal circumstances, the enterprise will be required to deposit a deposit equivalent to the amount of the bill until the bill is due for payment. Some enterprises also deposit a deposit of tens of percent of the bill amount with the bank, but the bank must grant credit to the enterprise to handle bank acceptance bills and use the credit line within the credit line. Without a bank letter of credit, the issuing bank is not qualified to accept the draft.
Commercial bills are divided into commercial acceptance bills and bank acceptance bills. 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.
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Encyclopedia-bank acceptance bills