When bill discount, the bank presses fixed interest rate from bill expire deduct in the value come from loan day of note maturity should plan accrual, pay the person that oppose a bill more than.

票据贴现时，银行按一定的利率从票据的到期值中扣除自借款日至票据到期日的应计利息，将余款付给持票人。

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Article 20 Agricultural development organs at all levels should cooperate closely with the loan-providing bank, examine strictly the scope, term, and rate of discount interest.

第二十条各级农发机构要与贷款银行密切配合，严格审核贴息范围、贴息期限、贴息比率等。

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And the cost to the supplier of immediate cash payment by the bank, in respect of the implicit interest rate or discount on the bill, ought to be tiny - because the bank is in effect lending to the safe big company, which ultimately honours the bill, not to the riskier supplier.

BBC: How business can bypass banks

The Bank of Japan's cut in its discount rate this week may have been aimed as much at helping the banks through this period as at supporting other central banks' easing.

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