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One of the a large number of frequent means of short-term funding typically is the discount of bills of exchange. The actual Bank carries out discounting bills of exchange issued by its visitors or perhaps by other 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 transferred to be able to the particular Bank. This immediately pays out in order to Anyone the actual amount of the particular bill reduced by discounting fees. The actual bill of exchange is delivered on collection at the actual maturity date. Advantages of bill discount competitive benefit, thanks in order to the particular possibility to be able to offer your individual trade partners more attractive types of payment, with longer terms improved financial liquidity not to mention economic ratios thanks to earlier transfers of receivables replacement of the particular credit-based sales (commercial loan) with cash sales (discount) possibility to obtain off-balance sheet financing limitation of the particular risk associated to unreliability of debtors financing without recourse allows in order to make use of credit lines for different transactions elimination of the actual risk of debtor's insolvency of inside case of discount without recourse maintenance of the particular existing company relations in a situation of transient challenges with financial liquidity regarding commercial partners Bill discount is actually tailored for owners of checking plus savings account at Bank Millennium, with present and also perspective credit capacity, who accept payments from their partners within the form of bills. Bill discount means short-term financing within the Bank without additional collateral except for the particular bill purchased by the particular Bank. The actual Bank purchases bills prior to their payment expression at the particular price reflecting the actual discount interest. The Bank discounts bills from the bill presenter who typically is the creditor of the amount of a bill of exchange and in addition holds a checking as well as savings account at Bank Millennium. The Bank provides you "single-source" bill discount or perhaps bill discount beneath a discount credit next signing "Discount credit agreement". Discount agreement is actually granted inside PLN with maturity about 18 months, while the Bank accepts bills for discount within up to 12 months from signing the Agreement. It is essential which the particular discount credit is renewable. Bill Discount credit provides we security and also effective financing of your own current plus future liabilities, improved company's liquidity plus credibility, plus shorter lead-time between your individual order and even disbursement made by the Bank. One of several leading bill discount bank could be found here 手形割引 計算