BUSINESS LOAN
Cheque and note discounting
Discounting turns a cheque or note not yet due into cash today. The customer has one question: what do I net? Bankacı answers it with discount interest, commission and tax taken off.
Present value
The face value is discounted to today from the days to maturity and the discount rate; commission and BSMV come off on top.
Several instruments at once
Cheques and notes with different maturities go into one transaction; Bankacı values each on its own remaining days and totals them.
Frequently asked
From which day does the discount run?
From the transaction date to the instrument's maturity.
How is the payout worked out?
The interest for the days to maturity and the BSMV on it are deducted from the instrument's face value; what remains is paid out today.
Can I discount several cheques at once?
Yes. Each instrument is computed at its own maturity, and the total discount and the total payout are shown together.
See also: Instalment, spot, revolving and discount · Spot loan calculation
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