Acceptance Payment Of Commercial Acceptance Bill

1, the payer receives the notice of payment from the opening bank, and should inform the Bank of payment on that day.

If the drawee fails to notify the Bank of payment within 3 days after the date of receipt of the notice (in the case of a statutory holiday extension, the same below), it shall be deemed to be a committed payment by the drawee. The bank shall distribute the fare to the bearer on the fourth day after the date of receipt of the notice (on the same day of the statutory leave day).

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The drawee receives the commercial draft accepted in advance, and shall notify the bank to pay the bill at maturity.

The drawee shall not notify the Bank of payment within 3 days after the date of receipt of the notice. The drawee shall, before the date of maturity of the bill fourth days after the date of receipt of the notice, draw the bill to the bearer on the maturity date of the bill.

2, when a bank is making payment, the payer's deposit account is insufficient to pay, and the notice of the drawee's unpaid tick should be filled and the commercial acceptance bill should be sent to the holder of the bank.

3, if the payer has refused to pay the reason for legal defense, he shall, within 3 days from the date of receipt of the notice, make a certificate of refusal of payment and send it to the bank where he has opened the account. The bank will pfer the certificate of refusal of payment and the commercial acceptance bill to the holder of the bank.