Most people who have used at least once services of banks, aware of the loan, the bank's deposit programs, the possibility of a variety of payments and the like.But in fact there are many more banking services that provide these financial institutions, such as securities transactions, the various guarantees.We will understand that such acceptance is in the bank and what it is used in financial transactions, the bank sets the rate.
concept acceptance
First of all, let's start with the concept, to familiarize with which it will be possible to go further.Acceptance of the bank - a kind of paper that is used in some international settlement operations.It allows a company to use not only his business reputation, but also the bank's rating due to the fact that the bank undertakes to pay to the bearer of the acceptance of a certain amount.
Accordingly, if the bank is on everyone's lips, has the confidence of the people and various organizations, his services in international operations very useful to companies that do not have such fame.That is beneficial for companies to enter into transactions with external partners, and the bank's good that it earns on its reputation.
acceptance in the bank - this is an opportunity for the buyer will make a deal with partners.But to be able to use such security, the purchaser must comply with certain requirements, which are set by the bank.
It can be not only questions of individual character, which the bank generates for its customers based on the experience of such operations, but also the statutory requirements defined by state regulators.
Acceptance Bank is a kind of credit guarantee - the buyer as if the bank takes a certain amount of debt, along with acceptance, undertaking before the expiry of a certain date to repay.He can buy anything on that amount from the acceptance.The bank assumes the obligation to pay for that paper money is already the bearer.
pre- and post-acceptance
acceptance may be pre- and post.
Upon presentation of the preliminary acceptance of the payer must be made within three days to solve the problem of nonresident accounts and for one day - on intracity.
payment requests during the subsequent acceptance is paid immediately, but the payer has in stock 3 days to validate the transfer of money.If necessary, it is possible to refuse acceptance.
As a bank determines the interest rate on their acceptances?
calculating the rate for some acceptances, bank, first of all, determines the price at which it can sell it on the open market.For example, on acceptances, are questionable, financial institution must set a rate that will compensate for possible losses.
That is, the bank must guarantee a certain amount of redundancy in order not to harm their solvency and liquidity of the assets.
Benefits Financial Services
Due to the fact that it gives a serious financial institution, which is the Bank, implementation of the commitments by the parties to such a relationship is guaranteed.It gives confidence to all Contracting Parties, which is especially important for lenders.
In addition, the acceptance that helps the bank to enter into transactions at the international level, such operations are mainly carried out by banks that have international status.And everyone knows that the bank is just the acceptance will not give anyone, and do it only when 100% sure in the performance of its obligations by the buyer.
customer acceptance for the bank advantageous not less than the rest of the parties relationship.Firstly, because of bank guarantees, the scope of such security for settlement operations is wide enough.Secondly, given the time limits within which the buyer will have to pay off the debt, he may have time to buy goods to make money on their sale and then pay the money on to their commitments to the bank.That is, literally speaking, you can manage to make money through the security.
Another application
addition to the above methods of application, acceptance of bank profits and can bring a different way.There are cases when the financial institution sells its own acceptances, forming them into a separate asset.In this case, using a small discount, the bank manages fast enough to find a buyer, as the latter will earn on the difference between the amount of the purchase and nominal value of acceptance.
This result is favorable for the bank, which was able to quickly realize the asset and the buyer, who has the opportunity to earn extra income.
