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We aim to be the most respected financial services firm in the world, serving corporations and individuals in more than 100 countries.

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TRADE FINANCE

Bill of Exchange

Secure cross-border transactions and optimize working capital with legally binding negotiable documents.

 

Paper or digital.

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Turn payment term negotiations into closed deals

Drive incremental sales and secure flexible terms, unlocking what matters most for your business.

Built for both buyers and suppliers

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Digitize your bill of exchange

Modernize your trade workflows by adopting electronic documents.

Reliable payments

Protect against counterparty risk with legally enforceable instruments.

Sales growth

Attract new customers with extended credit offers while mitigating cash impact.

Optimize working capital

Discount bills of exchange and help convert future payments into upfront cash.

| 01:26

The power of bills of exchange, reimagined

See how electronic bills of exchange transform traditional trade finance into a digital-first solution.

| 01:26

The power of bills of exchange, reimagined

See how electronic bills of exchange transform traditional trade finance into a digital-first solution.

In today's global trade, you're navigating a storm of paperwork. Traditional bills of exchange, promises of payments trap you in delays, increase administrative costs, and can be a struggle to track as they move across parties and geographies. Thanks to the evolving regulatory landscape, digital trade documents now carry the same legal status as their paper equivalents. At JP Morgan, we continue to find ways to propel your business forward. Our electronic bills of exchange and promissory note solutions help simplify trade and enable faster, more streamlined transactions between buyers and suppliers worldwide.

By moving from traditional to electronic documents, you unlock benefits that include reduced transaction time, completing in hours what originally took days, stronger tracking and integrated version control, and immediate access to working capital and improved cash conversion cycles. JP Morgan has the tools and technologies to help you automate, streamline, and simplify the complex processes in your industry. Leverage our global trade expertise and incorporate electronic bills of exchange and promissory notes into your business to drive trade into the future. Contact your JP Morgan representative to learn more.

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Enable smoother, more efficient trade

Manage your trade documents digitally in a paperless environment.

Help ensure version control and transaction integrity with distributed ledger technology.

Help reduce manual processes and accelerate your workflow for greater efficiency and speed.

Supporting your trade ecosystem

Secure favorable payment terms and manage cross-border risk.

Optimize working capital for predictable cash flow.

Unlock incremental sales with negotiable instruments.

Frequently asked questions

A bill of exchange is a written instrument in which the seller (drawer) instructs the buyer (drawee) to pay a specified sum to a third party (payee) either on a set date or on demand.


An electronic bill of exchange is the same instrument, but delivered and managed digitally.  It carries the same legal function and commercial purposes. Rather than a physical document that must be signed, couriered and physically presented for acceptance or payment, an electronic bill of exchange is created, transmitted, accepted and settled through digital platforms and systems.

A promissory note is a written promise made by one party (the maker) to pay a specified amount to another party (the payee), either on demand or on a defined future date. It is a legally binding instrument that creates a direct obligation to pay.

The biggest difference between a bill of exchange and a promissory note comes down to a single distinction: one is an order to pay and the other is a promise to pay.

The party that is owed money initiates a bill of exchange, serving as a formal instruction directing a third party to pay a specified sum to the designated recipient, either on demand or on a set date.

With a promissory note, the party that owes the money initiates the request. Rather than instructing someone else to pay, the maker of a promissory note is making a direct, self-contained promise to pay a specified sum to the payee.  

Related solutions

Related solutions

Trade & Working Capital

Transform working capital into a competitive edge with our industry experts and integrated technology.

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Trade Finance

For certainty of international payment, working capital efficiencies or short-term funding, we can provide a trade solution that fits your global business needs.

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Payables Finance

Help unlock your strategic working capital and build stronger supplier trust by optimizing your payment timing.

Learn more

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Modernizing global trade: Electronic Bill of Exchange in the U.S.

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J.P. Morgan Payments is redefining trade finance globally for the digital era by expanding its solution

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Digitizing Trade Finance: MTN SA completes first transaction leveraging J.P. Morgan’s Electronic Bill of Exchange offering

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Mobile Technology Network South Africa (Pty) Ltd. (MTN SA) has successfully completed the first transaction to leverage J.P. Morgan’s new Electronic Bill of Exchange offering – marking a pivotal step in the digitization of trade finance.

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© 2026 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase Bank, N.A. Member FDIC. Deposits held in non-U.S. branches are not FDIC insured. Non-deposit products are not FDIC insured. The statements herein are confidential and proprietary and not intended to be legally binding. Not all products and services are available in all geographical areas. Visit jpmorgan.com/paymentsdisclosure for further disclosures and disclaimers related to this content.