What Is Discount Interest?

It refers to the interest paid by the holder of the bill of exchange to the bank to pay the denomination;

Discount interest

Right!
It refers to the interest paid by the holder of the bill of exchange to the bank to pay the denomination;
Chinese name
Discount interest
Foreign name
Discount Charges
Formula
Actual payment
The actual discounted cash amount is
Formulated as:
Discount interest = discounted cash amount × number of discount days × daily discount rate
Daily discount rate = monthly discount rate ÷ 30 or annual discount rate ÷ 360
Actual payment amount = face value-discount interest
Where the acceptor is in a different place, the period of discounting, re-discounting and rediscounting, as well as the calculation of discounted interest, shall add an additional 3 days to the transfer.

IN OTHER LANGUAGES

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