- This topic has 1 reply, 2 voices, and was last updated 6 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
In banker’s acceptance (BA) instrument, is the firm issuing BA first required to deposit the money in bank before the bank issues the firm BA or
The firm will pay the bank later ..after the transaction is settled ..ie. after the bank has paid the other party ( holder of BA) the amount owed by the firm.
Thank you
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.