1.1. The Regulations on promissory notes of Sberbank of Russia (hereinafter referred to as the “Regulations”) determine the procedure for the actions of the central office of Sberbank of Russia, branches of Sberbank of Russia (territorial banks and branches) and specialized branches of branches of Sberbank of Russia when carrying out transactions with promissory notes of Sberbank of Russia.

3.2.4. The place where the payment is to be made. The place of payment should be indicated with as much detail as possible, including street, house number, even telephone and fax numbers. The bank indicates its telephone number by which the bill holder can receive information about the procedure for circulation of the bill and its presentation for payment.

3.2.5. The name of the person to whom or on whose order the payment is to be made. The designation of the bill holder (first purchaser of the bill) consists of its full name in accordance with its constituent and registration documents. For entrepreneurs, along with indicating the last name, first name, patronymic and passport data (series, number, by whom and when issued), you should indicate the details of the entrepreneur’s registration certificate. Only generally accepted abbreviations that do not raise doubts or interpretations are acceptable. For example, OJSC, CJSC, LLC and others.

Currently, the bill market consists mainly of bank bills, the leader among which are bills of Sberbank of Russia. This is explained by the fact that, compared with bills of exchange from other banks, bills of exchange of Sberbank of Russia have a number of undeniable advantages:

· a well-functioning infrastructure for the issuance and circulation of bills of exchange, allowing clients to carry out any operations with bank bills of exchange in any region of Russia;

· the presence of a unified database for Russia, covering all branches of the Bank working with bills of exchange;

· the possibility of exchanging bills during circulation;

· high degree of protection of bill forms from counterfeiting;

· variety of forms of using bills of exchange;

· availability of additional services accompanying transactions with bills of exchange (depository storage of bills of exchange, interdepository transfer of bills of exchange, operational information and consulting support);

· individual approach to clients (assistance in the development of various financial schemes for bill settlements);

· the reputation of Sberbank of Russia as a highly reliable bank.

A promissory note of Sberbank of Russia is a security containing a written unconditional debt abstract monetary obligation issued by Sberbank of Russia (the issuer) to the other party (the holder of the bill. The text of the bill of exchange does not allow any reference to the basis for its issuance. The subject of the bill of exchange can only be money. A promissory note of Sberbank of Russia is a universal financial and settlement tool that meets the diverse needs and requirements of clients.

The most common schemes for using bills of exchange:

· A bill of exchange as a means of accelerating the chain of mutual settlements between legal entities, individuals and individual entrepreneurs.

· A bill of exchange as a guarantee of the execution of transactions or any other obligations.

· A bill of exchange as a financial instrument for generating income.

· Using bills of exchange as collateral when a bank provides a loan or a bank guarantee.

· Obtaining a loan using bills of exchange.

The procedure for purchasing a Sberbank bill of exchange

Institutions of the West Ural Bank of Sberbank of Russia issue simple interest and discount bills denominated in rubles and foreign currencies (US dollars and EUROs).

Sales of bills are made to individuals and legal entities, incl. individual entrepreneurs (residents and non-residents).

The sale of bills of exchange by institutions of Sberbank of Russia to a client is carried out on the basis of a one-time or long-term agreement for the issuance of a promissory note of Sberbank of the Russian Federation. An application is submitted for a long-term agreement, which specifies the parameters of the bill. Bank clients have the opportunity to send applications for a long-term agreement through the “Client-Bank” system. The agreement (application) is drawn up in two copies, one of which remains in the institution of Sberbank of Russia, and the second is transferred to the first owner of the bill.

To purchase a bill of exchange from Sberbank of the Russian Federation:

· A legal entity and individual entrepreneur transfers funds from their account to the Bank’s account, which can be located either in an institution of Sberbank of Russia or in another credit organization, regardless of location. Cash for bills of exchange from legal entities and individual entrepreneurs is not accepted.

· An individual transfers funds to the Bank's account from his plastic card account, personal deposit account or deposits cash at the cash desk.

For carrying out the issuance operation, the purchaser of the bill is charged in accordance with the tariffs of the West Ural Bank of Sberbank of Russia.

The bill of exchange is drawn up and issued to the recipient of the bill of exchange only after the full amount of funds specified in the agreement has been received into the account of the Sberbank of Russia institution (including payment for the bank’s services for the operation of issuing the bill of exchange). In this case, payment of bills under the agreement cannot be made by a third party.

Several bills of exchange may be issued to the purchaser of a bill under one agreement. The sum of the denominations of all interest-bearing bills or the sales prices of all discount bills must be equal to the amount of funds transferred under the agreement for the purchase of bills to the Bank's account.

The date of drawing up the bill of exchange is the date of crediting funds to the account of the institution of Sberbank of the Russian Federation. The date of drawing up the bill cannot be earlier than the date of conclusion of the contract.

Institutions of Sberbank of the Russian Federation issue bills of exchange with the following payment terms:

· “On presentation, but not earlier than a certain date” (the bill must be presented for payment within a year from the date before which the bill cannot be presented for payment). For example: on the bill of exchange form the payment period is indicated “on sight, but not earlier than June 21, 2006”, this means that the bill can be presented on any day from June 21, 2006 to June 21, 2007;

· “Upon presentation, but not earlier than a certain date and not later than a certain date” (the bill must be presented for payment within the period specified on the bill). For example: the bill of exchange indicates the payment term “on sight, but not earlier than July 10, 2006 and not later than July 12, 2006,” this means that the payment deadline can occur on any day from July 10 to July 12, 2006;

· “On a certain day” (the bill must be presented for payment on the date specified on the bill, or on one of the next two business days);

The limitation period for bills of exchange is 3 years.

To conclude an agreement, the first bill holder or his representative must provide the Bank with the following details:

· for a legal entity- legal address, bank details, INN, KPP;

· for an individual- registration address (temporary registration), passport details, if available, bank account details and TIN;

· for individual entrepreneur- registration address (temporary registration), passport details, certificate details, bank details and TIN.

To receive a bill of exchange under the agreement, you must present to the Bank:

1. To a representative of a legal entity:

For the manager - an original or a notarized copy of the charter, a card with sample signatures, documents confirming the tenure of the first person in office (appointment order, extract from the minutes of the general meeting, etc.), except in cases where the legal entity is served in the same department Sberbank of Russia, where the purchase of bills of exchange is carried out;

To the authorized person - a power of attorney to receive the bill(s).

2. Representative of an individual (Entrepreneur):

Passport or equivalent document;

To the authorized person - a notarized power of attorney.

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A bill of exchange issued has many advantages. So, it can be used as collateral when you want to get a loan. It is a means of accumulating funds. The owner of the bill receives income in the form of interest on the bill amount, etc.

A simple currency bill can be obtained for a period of one month. The minimum amount is 10,000 US dollars. The interest rate on the bill is 5-15% per annum, depending on the amount and period of its circulation. An agreement is concluded between Sberbank and the remittor. The bill amount is transferred no later than 3 business days from the date of signing the agreement. If it is paid in rubles, then its payment when repaying the bill must also be made in rubles. When depositing money in foreign currency, payment can be made in foreign currency or in rubles.

Payment of a simple currency bill

If the holder of a bill presents it for payment of only part of the bill amount, then full settlement of the bill must be made, and a new bill must be issued for the balance. When paying a bill, the bill amount and interest minus tax are paid. If the bill is presented for payment ahead of schedule, the rate at which income is calculated will be reduced.

Overdue bill

An overdue bill can be presented for payment within a year. No income is accrued for the overdue period. After this period, the bill loses its validity, and settlements on it are not carried out. In addition to promissory notes, Sberbank also carries out transactions with promissory notes. It is an unconditional monetary obligation of Sberbank.

The transfer of the issued bill is made through endorsement.

The bill can be paid at any branch of Sberbank of the Russian Federation

But if its payment is made at a different bank branch that issued it, a commission fee will be withheld.

The bill can be received by a legal entity that is registered in the Russian Federation.

Issuance is carried out on the basis of an agreement. Payment of a bill must be made by transferring the amount to the account of the bill holder. In this case, the amount of income tax is withheld.

It should be noted that Sberbank is very small, so they are not in great demand. Even though a promissory note has more advantages, legal entities still prefer Savings Bank certificates of deposit. They offer a higher interest rate.

The development of the stock market in Russia and the emerging difficulties in payment between various agents and small business counterparties have become prerequisites for the emergence of significant interest in the purchase of bills. This is a document containing a debt obligation of a credit institution to the holder to pay money. Like many banking instruments, this security is a profitable option for entrepreneurs in order to increase their income.

Sberbank offers bills of exchange to legal entities and today ranks first in the Russian Federation in their issuance.

Debt has a number of advantages. They flow from the very “nature” of this document. Bearer securities can be used in various business schemes:

Their main advantage is their settlement as a cash equivalent during the conclusion of various transactions.

What explains the bank's leadership in the Russian bill market? Several factors influence this position:

• an established system that allows clients in any region to carry out all possible operations with debt receipts;
• high reputation of the banking institution;
• unified electronic database;
• high level of protection against counterfeiting;
• conducting an examination;
• exchange of promissory notes during their circulation is permitted;
• the variety of uses for these securities;
• an entrepreneur can not only buy debt securities at a favorable price, but also receive services for depository storage and provision of operational advice;
• individual selection of financial schemes for bill settlement for legal entities and individual entrepreneurs.

Sberbank bills for legal entities have a number of advantages:

Types of bills issued

Bill banking programs are somewhat similar to deposits: the client also replenishes funds, and in exchange receives something like an “IOU” from the credit institution. According to it, the bank confirms that the money has been accepted and undertakes to return it on time. But unlike deposits, promissory notes are securities, although they are a tool for additional investment and can increase profitability.

Promissory notes are offered for corporate clients. Unlike transfers, they do not require an acceptance procedure, i.e. written confirmation of payment. This security issued by the drawer, which is Sberbank, confirms its debt obligations to the client. There are interest-bearing and discount promissory notes.

Percentage

The description of the document indicates the interest accrued on the bill amount. The denomination can be either rubles or foreign currency. For its purchase, the client pays an amount that is the nominal value of the promissory note. The owner receives profit as interest calculated on the face value. It is the interest-bearing bill of Sberbank that is most popular, since this shows its similarity to a deposit.

Discount

The text of the discount bill (simple) does not indicate the conditions for accrual at par, which can be Russian rubles and foreign currency. To purchase it, the future bill holder contributes an amount equal to the contract price of the future sale of the security. Profit is calculated as the difference between the selling price and the nominal value.

Advantages of promissory notes

Payment deadlines for obligations

When issuing a bill of exchange, Sberbank must indicate the interest and the payment term for which the obligation is presented for payment (interest or due income is calculated).

When presenting a simple debt obligation, the following formulations of the payment period are established:

• “not earlier than a certain date”, i.e. within a year from the day before which payment is not provided - for interest, and until the date of payment - for discount;
• “not earlier than a certain date and not later than a certain date”, i.e. between these two dates.
• “on a certain day”, i.e. payment is made on a specific day (and the next 2 days thereafter).

The minimum placement period is 14 days. The limitation period for bills of exchange established by the bank is 3 years.

Issuance procedure

Where can I buy bills of exchange from Sberbank of Russia? They are sold by individual entrepreneur branches to legal entities on the basis of a long-term and one-time agreement. An application is attached to the contract, where all the parameters of the document are recorded. The execution of the document and its transfer to the recipient of the bill occurs only after the receipt of funds in the bank account, and the amount is credited in full as specified in the agreement and taking into account the services of the institution under this procedure. Cash payments are not allowed for individual entrepreneurs and legal entities. The date the money is credited to the account is the date the obligation is issued, but it must not be earlier than the conclusion of the agreement. The agreement allows for the issuance of several documents to one owner at once. In this case, the same registration rule applies: the denominations of all purchased interest and the amount of sold prices of discount documents must fully correspond to the funds transferred to the bank account.

Conditions of receipt

Interest rates

The profitability of Sberbank bills in 2017 is determined by the amount of accrued interest: they depend on the amount and term of the purchased document.

When purchasing, it is impossible to immediately determine the exact interest rate at which the profit will then be calculated. This is due to the fact that during registration it is not possible to determine in advance the exact date of presentation of the document. Therefore, the full calculation of yield occurs at the time of redemption. In this case, both the period for which interest is calculated and the interest rate itself indicated on the debt paper are taken into account.

The need to have money with you always arises. For safety reasons, you should not store large amounts of cash or carry them with you. There is a way out - the use of securities, that is, bills.

There are various types of it, each of which has its own characteristics. It contains information in writing regarding the obligation of the banking institution directly to the holder of the bill.

This financial instrument performs two key functional tasks. First of all, it is worth noting the possibility of paying for goods and services. With its help you can get a loan, provide credit. This is an attractive point for lenders.

The next function is a guarantor, confirmation of the reliability of the transaction. This moment attracts the other side.

There are the following types of simple types of bills:

1. An interest-bearing bill of Sberbank is presented in national or foreign currency. The amount of income is accrued directly to the face value. We are talking about interest charges.
2. A discount bill from Sberbank is presented in national or foreign currency. Payment of income occurs as follows. The equation of the difference between the face value and the selling price to the owner of the bill to the first degree is applied. As you can see, different denominations of this financial instrument are presented.

Period

Payment terms should also be highlighted:

1. We are talking about a period from 91 to 730 days. The condition must be adhered to no later than the date specified in the contract.
2. The type upon presentation is established no earlier than the date agreed upon by both parties. Sberbank sets a period from 14 to 730 days with accrual of a certain amount of income.

If we are talking about a discount bill, then the following issuance lines are distinguished from 91 to 730 days and 14 to 730 days.

It is worth noting the opportunity for users to receive promissory notes from Sberbank of interest and discount type, which are paid by the banking institution in rubles.

To purchase a bill of exchange, you should consult with bank employees. The best solution would be a detailed certificate at any Sberbank branch.

Positive sides

The advantages of using a promissory note include a number of characteristics:

• speed, convenience of payments for goods, services or work;
• this is an excellent option to invest money profitably, the opportunity to make a profit soon;
• this is a collateral option that the user will need when receiving a loan or guarantee (you will be able to save your investments and receive an amount of income in the near future);
• Another, no less pleasant option is also possible, compensation for loan expenses (this is a really convenient financial instrument);
• Bill processing is available at most branches. We are talking about all large populated areas of the country;
• transferability;
• a high level of protection because, in this way, the risk of counterfeiting is minimized.

There is an electronic database of all issued financial instruments. To protect yourself, you should do the following to be as calm as possible. First of all, you should ensure the authenticity of the financial instrument. To do this, just call the institution. You will be able to quickly obtain the necessary information regarding the reliability of the bill of exchange. You provide the details. An alternative option is examination at a specific banking institution.

Separately, it is worth noting the peculiarities of the examination.

It is carried out in case of doubt about the authenticity of a security. The bank uses the Acceptance and Transfer Certificate, then carries out the procedure as a result. At the end, the banking institution presents verbal information regarding its authenticity or non-payment.

It is worth noting separately that there is no need to transport this financial instrument on an ongoing basis. You have the opportunity to enter into a special purchase agreement. Public conditions apply, an individual approach to each user is possible.

A pleasant and profitable solution would be to re-place a financial instrument. After all, Sberbank has provided such conditions for its clients.

1. In the first case, the interest rate increases by 5%, or 1.05 times. The next period is a month, or a longer period of time.
2. In the second case, it increases by 10%, which is an increase of 1.1 times when exceeded by 2 times.

Issues

The issuance is carried out by the structural divisions of the banking institution. The procedure is carried out on the basis of the Extradition Agreement.

1. It is concluded in one branch of a banking institution, issuance in another city is possible.
2. Your documents must confirm your identity and your status.
3. The next step is to fill out an application. In it, you ask to be given a security, and take the cost of this type of purchase to the cashier.
4. After this, you receive a package of documentation regarding the use of services provided by the banking institution.

To receive funds on a bill, you will need to contact the drawer of the bill. The client has the opportunity to receive funds in cash or by bank transfer. To minimize troubles and difficulties in this matter, you need to be more careful about your assets. We are talking about carefully studying the terms of the Agreement, about following all the conditions for receiving funds in the future.

It is also worth monitoring the statute of limitations and taking appropriate measures on time.

Such a financial instrument can be purchased from a bank if desired. It is at the banking institution that key points regarding cost, future conditions, and features are discussed.

A method of repayment or sale of the bill to a third party is provided in advance, if the client sees such a need.

date

The number that is considered the issue date of a security is the date you deposit the funds into the cash register. The number of payment forms must correspond to the number of payments made.

The following delivery options are available:

• debiting funds from the branch that issued the bill;
• it is possible to write off in the open account of another organization.

Period

In addition to purchasing a Sberbank bill, it is worth knowing about the statute of limitations, which is three years. In such matters, the bank relies on the regulatory framework.

The procedure is similar.

After three years have passed, the banking institution's obligation to pay for the security expires. Substantive law ceases to apply.

Questions

It is worth considering the question of whether the Sberbank bill of exchange is payable to bearer and how to cash it. It is worth having the financial instrument in question with you. Be sure to present the Certificate of acceptance and transfer of bills of exchange for exchange to the banking institution.

Important. Make sure you have your documents, which will also be needed during the process.

Payment is made through the cash register if the registration is carried out by an individual. If we are talking about legal entities, then payment in cash is prohibited. An alternative is to use a non-cash payment method. To do this, you can use non-cash funds or a card.

Services

Most clients are interested in the tariffs and price of services for purchasing bills of exchange at Sberbank. You can get all the information in full via the Sberbank hotline.

Issuance, even if it does not take place, payment of the bill is free. The same applies to cases of equivalent exchange, or oral consultation directly at a banking institution.

For storage, the bank client will have to pay 15 - 45 rubles per day, everything depends on the previously agreed conditions specified in the Agreement.

Interest rates are set individually, because bank profitability and exchange rates are impossible to guess.

Important. The cost of a bill is influenced by a number of factors such as inflation and the profitability of a particular banking institution.

Exchange operations

One bill can be exchanged for several units of securities of only a lower denomination. The same applies to the reverse situations. They carry out such operations based on the Exchange Agreement.

The banking institution of Sberbank accepts only those bills whose last endorsement is in blank or issued to the institution.

It is worth knowing about the main exchange conditions:

• exchange of a financial instrument for a similar denomination;
• presentation occurs during the entire payment period. Exchange transactions are possible before the start of this period.

The minimum denomination is the one set by the bank. To carry out the procedure, you will need documents such as a bill of exchange, an Exchange Agreement, an Acceptance and Transfer Certificate and your documents.

Storage conditions

If you don’t know where to store the bill, then use the following recommendations.

The institution offers to place and store these financial instruments. The specific period depends on you; you select it yourself.

The bank accepts securities based on the Storage Agreement concluded with the owner, as well as based on the Acceptance and Transfer Certificate. Based on the above information, the bank performs functional work, maintaining the integrity of the valuable document.

Many clients assume that several types of securities can be stored under one agreement at once. This is not entirely true, because either bills of exchange or certificates of deposit can be stored. Combining these financial instruments is not possible.

It is worth considering which rights are allocated:

• the owner can receive early all or a certain part of the securities during the storage period;
• You can also instruct the Bank to make a number of payments regarding securities.

Preparatory stage

To conclude the Agreement you will need:

• passport or other document that confirms the identity of an individual;
• these may be documents confirming the authority of a person acting as a certified copy of an individual;
• you will need a bank card;
• record sheet, extract, license for the legality of activity;
• information regarding the client;
• questionnaire;
• documents that will confirm the conduct of settlements between the parties, both in cash and non-cash (payment for services or services performed by the second party for the bill amount).

Special services

To eliminate the possibility of risk, there is a certain service. Delivery is carried out directly to the location of the purchased or promissory notes. A similar procedure is carried out regarding certificates of deposit of a banking institution.

Delivery is carried out by Sberbank based on the following documents:

1. Both one-time and long-term delivery agreements are drawn up. The main condition for this is the conclusion of an agreement. This document confirms the fact of a transaction for which securities were not issued previously;
2. The next key document is the issuance agreement with delivery terms

Controversial issues

We are talking about misappropriation of payments by foreign legal entities that have branches in the country. This financial instrument is income and, accordingly, is subject to mandatory taxation.

To protect yourself and avoid the need for double taxation, you should provide the following package of documentation to the banking institution:

• confirmation that this organization is permanently located in Russia, an agreement on the impossibility of double taxation;
• documents regarding the right to receive income;
• identification documents.

If other controversial issues arise, you should call the hotline “900”, or contact the bank branch directly, or consult with Sberbank employees.

It is clear that Sberbank cares about its clients. We are talking about broad functionality. After all, the client has the right to use the service of delivery of a financial instrument and protect himself through an examination. After all, the procedure will confirm the authenticity of the bill in a short period of time.

There are various types of bills, conditions for receipt, issuance, and placement. First of all, it is worth noting that this is a security, which at the same time is a debt obligation. Features of use, special conditions regarding storage and delivery are negotiated in advance between two parties: the client and the bank.

Conclusion

We can conclude that this financial instrument is designed not only to preserve, but also to increase your funds. A bill of exchange is often used as a guarantor. After all, in this way the financial interests of both parties are protected.