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One of several the majority of frequent means of short-term funding is the discount of bills of exchange. The particular Bank carries out discounting bills of exchange issued by its customers or by alternative banks, with a discount rate established with Decision by the actual Bank's management. At stipulating contracts on discounting bills of exchange, a bill is actually transferred to be able to the particular Bank. This at once pays out to We the particular amount of the bill reduced by discounting costs. The bill of exchange is transferred on collection at the particular maturity date. Advantages of bill discount competitive benefit, thanks to be able to the actual possibility in order to offer the trade partners more attractive types of payment, with longer terms improved financial liquidity as well as 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 associated that would unreliability of debtors financing without recourse allows to be able to use credit lines for alternative transactions elimination of the actual risk of debtor's insolvency of in case of discount without recourse maintenance of the existing company relations in a situation of transient challenges with financial liquidity regarding commercial partners Bill discount is tailored for owners of checking not to mention savings account at Bank Millennium, with present and in addition perspective credit capacity, who accept payments from their partners within the form of bills. Bill discount means short-term financing from the Bank without more collateral except for the particular bill purchased by the actual Bank. The actual Bank purchases bills before their payment term at the actual cost reflecting the actual discount interest. The particular Bank discounts bills from the bill presenter who is actually the actual creditor of the actual amount of a bill of exchange and in addition holds a checking and savings account at Bank Millennium. The actual Bank offers a person "single-source" bill discount or perhaps bill discount underneath a discount credit next signing "Discount credit agreement". Discount agreement is granted throughout PLN with maturity about 18 months, whereas the particular Bank accepts bills for discount inside about 12 months from signing the actual Agreement. It's important that the actual discount credit is actually renewable. Bill Discount credit provides us security as well as effective financing of your individual current and also future liabilities, improved company's liquidity plus credibility, in addition to shorter lead-time between your individual order plus disbursement prepared by the actual Bank. Among the many leading bill discount bank could be found here 割引手形