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Bank bill

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Bank bills - Bills that have been accepted by another institution and hence insured against default.

Bank Bill Swap Bid Rate - BBSY - A benchmark interest rate quoted and dispersed by Reuters Information Service. The BBSY is typically used by financial institutions or corporations engaging in interest rate swaps and related transactions.

Bank Bill
A Bill of Exchange of which the acceptor and/or endorser is a bank. If the bank is the acceptor, the bill is known as a bank accepted bill. If the bank is the endorser, the bill is known as a bank endorsed bill.

In Britain, a bank bill that has been accepted by one of about 100 banks officially approved by the Bank of England, and which the Bank of England has agreed to discount (give immediate payment for) again. [1]
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Peel's Bank Bills of 1844 and 1845, reprinted verbatim from " Hansard's Parliamentary Debates," 1875; Gilbart's Works, 6 vols. (1865); The History, Principles and Practice of Banking, by J. W. Gilbart, edited and revised by A. S.

Bank Bill
A bill of exchange issued or accepted by a bank. As the risk is less than with a normal trade bill, so is the discount....(Read more)
Bank Credit
The maximum credit an individual may secure from his/her bank....(Read more) ...

Bank(er's) Acceptance; Bank bill:
A draft or bill of exchange whose acceptor is a bank. When accepted for payment by a bank it becomes a banker's acceptance and may be used by the drawer or payee as collateral, or may be sold and discounted.

90-Day Bill Rate: the current rate of interested paid for three month bank bills issued by banks to larger investors.
90-Day Bill Rate Index: The index of returns generated from three month bank bills issued by banks to larger investors.

Short-term investments held in lieu of cash and readily converted into cash within a short time span (i.e. bank bills, treasury notes etc), generally with maturities of no longer than 180 days.
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accurate inputs to these formulae, including market yields and other variable quantities such as the 90-day bank bill swap rate (BBSW) and consumer price index (CPI) factors for floating rate notes and inflation-linked securities, ...

Liquid Assets
Assets held as cash, or in the form of securities which can be converted into cash swiftly and with minimal capital loss (eg. short-term bank bills).

Bank notes are also called bank bills or bank currency. [OTS] A term used synonymously with paper money or currency issued by a bank. Notes are, in effect, a promise to pay the bearer on demand the amount stated on the face of the note.

See also: Banks, Bills, Administration, Risk management, Saving

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