Fangyuan Corporation announced that it has been reported by the media that the company’s accumulated overdue amount of electronic commercial drafts has reached 70 million yuan, with a total overdue balance of 30 million yuan. Upon verification, the 70 million yuan overdue bills consist of two bills. One of the 40 million yuan bills was delayed by the bank for one day in payment, but the company has successfully handled discount financing and cleared the payment. The other 30 million yuan bill was not successfully financed by discount because the bank’s discount quota was insufficient, but the bill has been accepted and settled by the acceptor, and there is currently no overdue situation. As of the date of the announcement, the company does not have a substantial credit problem with overdue bills.
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