At present the company's loan is800Million, according to the benchmark interest rate5.31%;

    Bank acceptance bill discount rate is the interest0.18%Bond30%, converted into the rate is=0.18%*12/(1-30%)+5/Million*2=3.18%(5/Million fee, a year by two times)

    So, open notes than bank loan interest savings:800Million*(5.31%-3.18%)=170400Element

    Methods of operation:

   1To the supplier, Wuxi Kailing big give the company a "discount" is commissioned by the agreement, the company commissioned its own go to the bank after discount, discount funds into the company's own account.

       Suppliers, still in accordance with the contract terms55Days to pay the bank deposit.

   2Company Liuyang branch, to open800Million Yinpiao (deposit30%Margin), and then by the "principal discount agreement Wuxi Kailing", the800Million Yinpiao immediately from the Liuyang sub branch of Bank of China to pay discount, discount interest=800Million*0.18%*6Month=86400Element.

       Then, the discount7913600Yuan, return800Million loan. So, on the use of low interest replacement drafts out high interest loans.

    Of course, if the supplier accepts silver-colored bill payment, discount, and not for the words, the better.

    Company discount can save.