Bank bills and bill of exchange payment requests are special bills of exchange receivable that are not issued by the customer but by you. Bill of exchange payment requests are sent to the customer for acceptance, and bank bills are passed directly on to a bank for financing. Bank bills are subject to a general agreement with the customer whereby the customer’s acceptance is not required. Both payment procedures are common in Italy, France, and Spain.

These bills of exchange are normally issued immediately following posting of the invoice, and are due on the same date.

The procedure of posting and the information that needs to be defined in the system for these bills of exchange is the same as for bills of exchange receivable, with the exception of the way they are drawn up and posted. The bill of exchange usage and the clearing of the bill of exchange liability is dealt with in exactly the same way as for bills of exchange receivable. The same preliminary steps are necessary.