By Charlotte GAUCHON
30 April 2025
Bank discounting, as we saw in our general presentation of this mechanism, is based on the mobilisation of a receivable before its maturity. However, to be eligible for this credit operation, the receivable must generally be materialised, incorporated into a specific security that the company gives to its bank. The nature of the security is not neutral: it determines not only the feasibility of the discount but also the extent of the rights and guarantees enjoyed by the bank, and by extension, the obligations and risks for the remitting company. While, in theory, any certain and liquid debt could be the subject of an advance, banking practice in discounting concentrates on well-defined instruments offering sufficient guarantees of recovery. So what are these preferred securities that your bank will accept (or refuse) to discount? Mainly bills of exchange and, to a lesser extent, cheques. To understand...
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