Bankers acceptance

Bankers Acceptances Index
Includes 90-day time drafts that have been drawn on a bank by a customer and that bear the bank's promise to pay them at maturity.

Bankers acceptances date back to the 12th century when early forms of the instruments were used to finance trade. During the 18th and 19th centuries, there was an active market for sterling bankers acceptances in London.

BANKERS ACCEPTANCE - Bankers acceptances are negotiable time drafts, or bills of exchange, that have be...
BANKERS ACCEPTANCES - Are money market instruments which are used to finance import or export transacti...

Bankers Acceptances
A bill of exchange, or draft, drawn by the borrower for payment on a specified date, and accepted by a chartered bank. Upon acceptance, the bill becomes, in effect, a postdated certified cheque.
Trade acceptance ...

Bankers Acceptance
A draft calling for payment at a future date on which the drawee is a bank, and the bank has agreed to pay by signing "accepted" on the draft.
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Bankers Acceptances - Are money market instruments which are used to finance import or export transactions.

Bankers Acceptance
A short-term credit investment created by a non-financial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts to face value in the secondary market.

Bankers Acceptance
a commercial draft drawn on a bank client that has been accepted for payment by the bank. BAs are highly liquid money market securities.
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Money market instruments include Treasury bills, bankers acceptances, commercial paper, Federal funds, municipal notes, and other securities.

A banker's acceptance (also called bankers acceptance or BA) is an order to pay a sum of money at a certain date. The BA is created by a banking customer and provided to a third party.

A mutual fund that invests only in short-term securities, such as bankers acceptances, commercial paper, repurchase agreements and government bills. The net asset value per share is maintained at $1.

government securities, agency securities, and bankers acceptances acquired through open market operations .

Bankers Acceptances
Corporate and asset-backed commercial paper
Medium term and floating-rate notes (typically less than 3 years)
REPO rate agreements
(U.S.) certificates of deposit
Auction rate securities ...

Bankers acceptances are effectively a guaranty of payment for a purchase and are usually used in financing the import, export, transfer or storage of goods, and qualify as liquid assets when held by a thrift institution.

Money market investments are short term financial investments such as t-bills, bankers acceptances, commercial paper, and GICs.
Money purchase RPP
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Temporary investments of currently excess cash in short-term, high-quality investment media such as treasury bills and bankers acceptances.
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Futures are traded on a wide range of farm products, all the basic industrial metals, financial markets indexes and on several common interest-sensitive instruments, such as benchmark bonds, bankers acceptances notes and treasury bills.

and lending for periods of less than one year takes place. Securities and other instruments traded in the money markets include federal funds; certificates of deposit; repurchase agreements; Treasury bills; commercial paper; and bankers acceptances.

An example for this type of market is the market for 90-days treasury bills. This market includes the trading and issuance of short term non equity debt instruments including treasury bills, commercial papers, bankers acceptance, ...

See also: Banks, Bills, Fed, Federal Reserve Bank, Saving