Bills are used by many businesses and individuals when paying for goods. You can get a bank loan secured by your bills, secure loans-for-shares auctions, take part in a tender or competition. Bills of one enterprise can be exchanged for bills of another organization, issue them in free or closed circulation, bring them to the bill market, mortgage, leasing or barter. You can buy and sell bills.
Instructions
Step 1
Sell bills of exchange only on the basis of an agreement for the purchase of your bill. To conclude a contract, your buyer must submit a payment order to the bank in order to transfer funds to a bill of exchange. At the same time, your buyer leaves their details.
Step 2
Remember that the yield on promissory notes issued tends to change depending on the amount of the promissory notes and their validity period. The change in the yield of your bill of exchange may also be affected by the situation in the financial markets or the current need of the bank for borrowed funds.
Step 3
Please note that there is no limit to the minimum denomination of a bill. Draw up the agreement no later than 1 day from the moment the funds were credited by the bank to the bill of exchange account.
Step 4
Draw up a bill of exchange after signing the contract, after crediting funds to the appropriate account. The date the bill of exchange is drawn up must correspond to the date the funds are credited to the bank account.
Step 5
Any person authorized to receive promissory notes on behalf of the buyer, to sign under the invoice for the issuance of a promissory note may receive a promissory note no later than the next day from the date of drawing up the promissory note.
Step 6
If you sell a bill of exchange under a sale and purchase agreement, your buyer acquires title to the bill without the right to claim payment of the amount of money from the drawer. This means that the buyer will physically own the paper, and the person indicated in this paper remains in possession of the right certified by the paper. Both of you are deprived of the opportunity to present the bill for payment in the future.
Step 7
If you sell a bill of exchange under a sale and purchase agreement with the acquisition of rights certified by it, then you will make two parallel transactions: in the first sale and purchase transaction, your buyer acquires ownership of the bill of exchange, and in the next endorsement or cession transaction, rights certified by the paper are bought … But do not separate these transactions according to their meaning, because from the moment of acquiring the right, which is certified by a bill of exchange, the holder of the bill is obliged to transfer the paper itself to the buyer.
