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Among the the majority of frequent means of short-term funding typically is the particular discount of bills of exchange. The actual Bank carries out discounting bills of exchange issued by its clients and / or by different banks, with a discount rate established with Decision by the particular Bank's management. At stipulating contracts on discounting bills of exchange, a bill typically is transferred in order to the actual Bank. This particular immediately pays out that would You the amount of the bill reduced by discounting bills. The actual bill of exchange is sent on collection at the maturity date. Advantages of bill discount competitive advantage, thanks to be able to the actual possibility to provide a trade partners more attractive types of payment, with longer terms improved financial liquidity plus economic ratios thanks in order to earlier transfers of receivables replacement of the credit-based sales (commercial loan) with cash sales (discount) possibility in order to obtain off-balance sheet financing limitation of the particular risk related in order to unreliability of debtors financing without recourse allows that would use credit lines for additional transactions elimination of the actual risk of debtor's insolvency of with regard to case of discount without recourse maintenance of the actual existing company relations in a situation of transient issues with financial liquidity regarding commercial partners Bill discount typically is designed for owners of checking and savings account at Bank Millennium, with present and perspective credit capacity, who accept payments from their partners inside the shape of bills. Bill discount means short-term financing within the Bank without extra collateral except for the particular bill purchased by the particular Bank. The actual Bank purchases bills prior to their payment term at the actual price reflecting the particular discount interest. The particular Bank discounts bills within the bill presenter who is actually the creditor of the amount of a bill of exchange as well as holds a checking and in addition savings account at Bank Millennium. The Bank offers we "single-source" bill discount and / or bill discount below a discount credit following signing "Discount credit agreement". Discount agreement is actually granted with regard to PLN with maturity about 18 months, while the particular Bank accepts bills for discount within up to 12 months from signing the actual Agreement. It's imperative which the discount credit typically is renewable. Bill Discount credit has we security and in addition efficient financing of a current and also future liabilities, improved company's liquidity plus credibility, along with smaller lead-time between the order and in addition disbursement prepared by the particular Bank. Among the many leading bill discount bank will likely be found here 手形 換金