Which of the Following About Bank Bill Financing Facility Is

Which of the following about bank bill financing facility is incorrect?

A) A bill rollover facility is an arrangement whereby the bank agrees to accept and discount new commercial bills for an issuer at each maturity date.
B) The yield at which the bill is discounted depends partly on the credit rating of the party that incurs the liability.
C) The bank agrees to discount bills up to the agreed amounts with a fixed yield over the life of the rollover facility.
D) Bills issued via a rollover facility incorporate the higher credit standing of the bank acceptor.