banker's acceptance

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Related to Bankers acceptance: letter of credit, certificate of deposit, commercial paper

Banker's acceptance

A short-term credit investment created by a nonfinancial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts to face value in the secondary market. These instruments have been a popular investment for money market funds. They are commonly used in international transactions.

Banker's Acceptance

Short-term debt obligations that are secured by banks. That is, a bank promises to pay a creditor if a borrower defaults. It is also called a documented discount note.

banker's acceptance

A short-term credit instrument created by a nonfinancial firm and guaranteed by a bank as to payment. Acceptances are traded at discounts from face value in the secondary market on the basis of the credit quality of the guaranteeing banks. These instruments have become a popular investment for money market funds. Also called acceptance.
References in periodicals archive ?
Meanwhile, the Fed also acquired bankers acceptances in the open market.
commercial paper market as well as a significant number of bank CDs, bankers acceptances and other issues.
government and treasury securities, that may include commercial paper, corporate notes, bankers acceptances, and certificates of deposit.
The module also offers a database of money market instruments including commercial paper, bankers acceptances and bank CDs.
US debt product will be available to participants through the BondDesk (US) commingled network, along with a wide spectrum of Canadian fixed income products, including: Government of Canada's, Government Agencies, Provincials, Corporates, Municipals, Strips, Bankers Acceptances, Commercial Paper, Treasury Bills and GIC's (Asset-Backed Securities and Mortgage-Backed Securities products are currently being added).
The three-part facility will provide for letters of credit, bankers acceptances and working capital loans, a foreign exchange line of credit and an acquisition line.
Borrowings under segment one of the facility can also be made by way of tender loans, letters of credit and Bankers Acceptances.
31, 1999 1998 BALANCE SHEET DATA: Total assets $1,723,390 $1,707,563 Loans-net 1,176,125 1,163,705 Interest-earning deposits with other banks 187,685 200,203 Securities 193,446 115,017 Due from customers on bankers acceptances and on deferred payment letters of credit 33,602 82,035 Total deposits 1,535,606 1,477,052 Long term debt 12,650 11,000 Bankers acceptances and deferred payment letters of credit outstanding 33,602 82,035 Stockholders' equity 135,988 123,546 ASSET QUALITY RATIOS: Allowance for credit losses as a percentage of total loans 1.