Bankers’ Acceptances (BAs):

A Bankers Acceptance (BA) is a discount money market instrument issued by the private sector or an individual. It is a bill of exchange drawn on and accepted by a bank and is a negotiable security. It contains an unconditional order or instruction for the debtor to pay a fixed sum of money to a certain person/ institution upon maturity. The debtor agrees the bill of exchange by signing it.

If your Company has a good credit rating, you can use these instruments to raise short-term funds from the market. As BancABC, we guarantee these instruments. BAs are tradable on the secondary market.

 

Benefits

  • Interest rates on BAs are lower than overdrafts and other types of loans as there are traded on the secondary market and provide banks with funding
  • The interest rate is fixed thus the cost of borrowing is known in advance
 

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