What is a bank bill?
What is a bank bill?
- A bank bill is a promissory note issued by a bank on the basis of acceptance of funds from its first acquirer into a deposit (deposit) and certifying the undisputed right of its owner to receive and the unconditional obligation of the drawer to pay a certain amount of money upon the arrival of the agreed term.
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"... 1: A promissory note is a document drawn up in accordance with the statutory form and containing an unconditional abstract monetary obligation, a security, a kind of credit money.Declare a bill of simple and transferable. A simple bill is an unqualified obligation of the drawer to pay a certain amount The bill of exchange (draft) contains a written order of the drawer (drawer) addressed to the payer (drawee), the payment of the amount of money specified in the bill, the third in the face -. bill to the holder (payee) drawee becomes the debtor under the bill only after it accepts the bill, that is, agree to pay for it by putting a signature on it (acceptance bill) ... "
Extract from document:
LETTER FROM THE CENTRAL BANK OF THE RUSSIAN FEDERATION from 09.09.1991 N 14-3 / 30
"ON BANKING OPERATIONS WITH VOICES"
- What is a bank bill? !!
First of all - what is a bill. Traditionally, this term is a debt receipt. However, a modern bank bill is a special document drawn up according to a certain form adopted throughout the world, which is established by the uniform law on transfer and promissory notes accepted by the Geneva Convention back in June of the year 1930.
Today, the bank bill is a very convenient financial tool for private and corporate investors, which makes it possible not only to keep money, but also to dispose of them at any time at the first necessity.
Bank bills can be purchased for additional income. Convenience in this case is that if an enterprise wants to place its funds in bank deposits, for this it is necessary to open a deposit account. When buying a bill it is not required, the buyer generally may not be the client of the bank - it is enough simply to transfer the funds to a special account specified by the bank in the contract of purchase and sale of the bill.
The yield on bills is not lower than on deposits, and in some cases exceeds it.
Also, a bill can be offered to secure a loan or guarantee. Promissory notes are accepted by the bank as collateral for loans (at the same time accrual of interest on the bill continues). Promissory notes have high liquidity, they are accepted for payment by all branches of the bank, which accordingly increases the attractiveness of these securities.
In short, a modern bank bill is a universal financial instrument combining the advantages of an effective payment document, a reliable and beneficial collateral and a liquid security. Use of bills, respectively, allows you to simultaneously solve a whole range of tasks related to both investment of funds and active work in the market.