Podcast
Questions and Answers
What is created when the importer's bank stamps the time draft 'accepted'?
What is created when the importer's bank stamps the time draft 'accepted'?
a bankers acceptance
What is the primary use of bankers' acceptances?
What is the primary use of bankers' acceptances?
in the import or export of goods
What determines the credit quality of a bankers' acceptance?
What determines the credit quality of a bankers' acceptance?
the method by which the bank acquired the acceptance and the acceptance's terms
What is the primary purpose of a banker's acceptance?
What is the primary purpose of a banker's acceptance?
What happens when a bank purchases an acceptance in the market?
What happens when a bank purchases an acceptance in the market?
What is the role of the bank in a banker's acceptance?
What is the role of the bank in a banker's acceptance?
What additional security does a bankers' acceptance provide to the holder?
What additional security does a bankers' acceptance provide to the holder?
What happens to the draft before acceptance by the bank?
What happens to the draft before acceptance by the bank?
What is a third-country acceptance?
What is a third-country acceptance?
What is the benefit of a banker's acceptance to a commercial bank?
What is the benefit of a banker's acceptance to a commercial bank?
What is the nature of a banker's acceptance?
What is the nature of a banker's acceptance?
What happens to the banker's acceptance after it is created?
What happens to the banker's acceptance after it is created?
What is the primary characteristic of bankers' acceptances that makes them attractive to institutional investors?
What is the primary characteristic of bankers' acceptances that makes them attractive to institutional investors?
Why do local investors typically require lower yields than institutional investors?
Why do local investors typically require lower yields than institutional investors?
What is the significance of timely rate availability in acceptance financing?
What is the significance of timely rate availability in acceptance financing?
What is the typical maturity period of bankers' acceptances?
What is the typical maturity period of bankers' acceptances?
What is the benefit of banks purchasing and discounting bankers' acceptances of other banks?
What is the benefit of banks purchasing and discounting bankers' acceptances of other banks?
What is the condition for bankers' acceptances to be readily sold at a predictable price?
What is the condition for bankers' acceptances to be readily sold at a predictable price?
What is the purpose of a bill of exchange in a business transaction?
What is the purpose of a bill of exchange in a business transaction?
What type of bill is it when the seller provides some time for the payment of the bill payable at a future date?
What type of bill is it when the seller provides some time for the payment of the bill payable at a future date?
How do banks typically finance the business community?
How do banks typically finance the business community?
What happens to a bill after it is accepted by a commercial bank?
What happens to a bill after it is accepted by a commercial bank?
What is the typical duration of the grace period for a bill?
What is the typical duration of the grace period for a bill?
Who typically draws a bill of exchange in a business transaction?
Who typically draws a bill of exchange in a business transaction?
What is the purpose of Tokyo Tech paying a fee to have Suki Bank confirm the letter of credit?
What is the purpose of Tokyo Tech paying a fee to have Suki Bank confirm the letter of credit?
What document is presented by Tokyo Tech to Suki Bank along with the shipping documents?
What document is presented by Tokyo Tech to Suki Bank along with the shipping documents?
What does Suki Bank examine before sending the draft and the shipping documents to FNB?
What does Suki Bank examine before sending the draft and the shipping documents to FNB?
What does FNB do after comparing the documents with the letter of credit?
What does FNB do after comparing the documents with the letter of credit?
What type of draft is used in this example?
What type of draft is used in this example?
Why does Tokyo Tech ship the goods to NE Trading?
Why does Tokyo Tech ship the goods to NE Trading?
