bank acceptance

Related to bank acceptance: commercial paper, Trust receipt

bank acceptance

bank acceptance

n
(Banking & Finance) a bill of exchange or draft drawn on and endorsed by a bank. Also called: banker's acceptance
References in periodicals archive ?
Unlike credit cards and e-wallets, eCheck Select's verified ACH processing delivers broad consumer and bank acceptance. At the time of transaction, eCheck Select can confirm a consumer's account balance and process the payment, or terminate it when there are insufficient funds.
The bills involved in this transaction are paper bank acceptance of RMB 1 million, accepted and discounted by ICBC Shanghai Waitan Sub-Branch through the Exchange's system, and resold by ICBC Bill Dealing Center as the transfer discount seller to Agricultural Bank of China.
As of September 30, 2015, the company had approximately $54.5 million of cash and equivalents plus an additional $51.6 million of bank acceptance notes which are also a source of liquidity.
ei Seamless financing from pre-shipment stage to Bank Acceptance stage
After the end of the selling period the enterprise buys back the left goods according to the exposure between bank acceptance and the cash deposit.
Market competition has prompted the banks to find loopholes to make loans and attract deposits via unconventional channels, such as shadow banking or circumventive financing activities, including wealth management products, trust loans, entrusted loans, bank acceptance bills, and micro (or private) loans.
In a footnote, the report observes: 'Thus, the proposed regulations do not discourage bank acceptance of the 'Matricula consular' identity card that is being issued by the.
Features of the program include: loan decision tree - analysis of seven different types of funding; report writer - generation of written loan proposals and detailed financial schedules in 60 seconds; financial expert system - automatic accounting of new loans and focus on loan package; menu driven with on-line help and graphics; bank acceptance - bankers' version being created so that users of Loan Express can submit their loan proposal to banks on disk to speed up the loan approval process; projections - allows for monthly (12 month) and annual (10 years) projections - account forecasts, balance sheet projections, loan amortization and projected financial statements.
First, ICBC has expanded the free business scope for small and micro enterprises and exempted fees, including small and micro enterprise loan commitment fee, legal person account overdraft commitment fee, commitment credit line fee, revolving loan commitment fee, bank acceptance bill commitment fee, commission charge of issuing letter of intent for loan, commission charge of issuing letter of commitment for loan, commission charge of issuing letter of guarantee of various kinds, fund management fee, perennial financial consultant fee, and high-end financial consultant fee.
Social financing covers trust loans, bank acceptance bills, corporate bonds and equity financing.
Warburg advocated the development of a rediscount market for bank acceptances in the United States akin to the rediscount market in Europe.
Warburg, "The Discount System in Europe," prepared for the National Monetary Commission in 1910, and "Circulating Credits and Bank Acceptances," address, Nov.