A discount transaction is the purchase from not yet due changes. The changes are discounted, the interest up to the day of maturity as well as a discount commission are thus taken off. The rate of discount which can be set in each case depends thereby on the issuing bank rate of discount.

As legal bases of the discount transaction on the one hand the change law, the law over the German Federal Bank as well as the respective trading conditions individual Banken.Das the discount transactions is considered represents legally a purchase and is considered additionally as banking transaction in the sense of the credit system law.

The discount transaction represents one of the most important lending businesses of the banks and is due to Wechselstrenge and the Girantenhaftung a particularly safe loan business. In order to increase the security of discount transactions still further, banks discount ith D. R. only up to the height the customer granted of the discount credit. As a rule only changes with a remaining maximum running time are purchased by three months.

Organization

• Restaurant up restaurant economics, the so-called pulled change
• Bank up restaurant economics, ith D. R. Financial bill
• Bank up bank drawings, usually financial bills
• Organization according to the soil quality into
  • good, but not central bank-discountable changes
  • central bank-discountable changes
  • bank-endorsed change
  • Private discount

Articles in category "Discount transaction"

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Related Websites

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• Based on the principle of double-entry bookkeeping Account Pro is ...
  ... and it has a function for automatic entry of tax and discount transactions. ... 200000 (double entry) transactions per system and business year ...


• Overview of the Copyright Clearance Center Transaction Reporting ...
  $1.00 per granted transaction, a 67% discount off of the $3.00 processing fee. Below are details. about the program:.


• VENDOR INSTRUCTIONS NOTICE OF PROMOTION ALLOWANCE (NOPA) (Form ...
  Payment calculated on electronic discount transactions (used at MNC. direction only). 60* Reduced Price. Requires a price reduction for product(s) offered. ...