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Among the a large number of frequent means of short-term funding is the particular discount of bills of exchange. The particular Bank carries out discounting bills of exchange issued by its visitors or alternatively 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 transferred in order to the Bank. This instantly pays out to Anyone the particular amount of the bill reduced by discounting fees. The actual bill of exchange typically is transmitted on collection at the particular maturity date. Benefits of bill discount competitive benefit, thanks that would the particular possibility to be able to offer your trade partners more attractive forms 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 be able to obtain off-balance sheet financing limitation of the particular risk connected in order to unreliability of debtors financing without recourse enables that would utilize credit lines for other transactions elimination of the actual risk of debtor's insolvency of in case of discount without recourse maintenance of the actual existing business relations in a situation of transient difficulties with financial liquidity regarding commercial partners Bill discount is tailored for owners of checking and even savings account at Bank Millennium, with current and perspective credit capacity, who accept payments from their partners within the shape of bills. Bill discount means short-term financing within the Bank without extra collateral except for the actual bill purchased by the Bank. The actual Bank purchases bills before their payment term at the particular cost reflecting the actual discount interest. The Bank discounts bills from the bill presenter who is the particular creditor of the particular amount of a bill of exchange as well as holds a checking and even savings account at Bank Millennium. The Bank offers us "single-source" bill discount or alternatively bill discount below a discount credit following signing "Discount credit agreement". Discount agreement is actually granted within PLN with maturity about 18 months, whereas the actual Bank accepts bills for discount within up to 12 months from signing the actual Agreement. It is important that the discount credit is renewable. Bill Discount credit offers we security plus efficient financing of your present not to mention future liabilities, improved company's liquidity and in addition credibility, in addition to shorter lead-time between the purchase not to mention disbursement made by the particular Bank. Among the many leading bill discount bank will likely be found here 手形割引 大阪