Commercial exchange
Commercial bills are bills of exchange that are used to finance the purchase of goods or services received .
General
Supply of goods or services provided can cash paid are or their pay, by the supplier with a payment are provided. The latter puts the supplier in the role of a lender , which is associated with a credit risk . If the supplier does not want to leave this credit risk unsecured, he can use the retention of title on the delivered goods and / or the protection through a commercial bill of exchange for this supplier credit . In this case, the commercial bill of exchange is handed over to the supplier on account of performance .
Content of the commercial exchange
On the bill of exchange form, the supplier is the issuer under bill of exchange law ( Art. 1 No. 8 WG ), the debtor acts as the drawee (Art. 1 No. 3 WG). The increased liability of the debtor is due to the strictness of the bill of exchange, since the bill of exchange process as a document process makes it easier for the creditor to provide evidence . Thus, a commercial bill of exchange - like other types of bills of exchange - is the securitization of a claim , which is also made marketable. The bill of exchange is usually higher than the underlying claim, as the supplier can take interest and other costs into account.
For the buyer, the adoption ( acceptance ) of commercial paper has the advantage that he, therefore, at a time when he, if appropriate, for its part, already the purchased goods to pay its suppliers guilt later must resold or -verarbeitet has. For the seller , the securitization of his supplier claim by means of a commercial bill has the advantage that he can use the bill as a means of payment . This can be done by passing on the bill of exchange ( endorsement ) in order to pay off debts.
Discount credit
The credit institutions had linked the discount credit, among other things, with the condition that only commercial bills of exchange with a remaining term of no more than 3 months could be submitted. Trade bills with longer remaining terms or financial bills were therefore excluded .
The discount credit is no longer of any importance in the credit business of credit institutions , because the discontinuation of the rediscounting option for commercial bills by credit institutions at the Bundesbank in January 1999 brought the discount business to a standstill. In addition, due to the nature of the certificate , the change was not machine or computer-compatible and therefore relatively labor-intensive and costly to process.
See also
Individual evidence
- ↑ Verlag Dr. Th. Gabler, Gabler Banklexikon , 1983, Sp. 1039
