What do you think?
Rate this book
Acceptances
A clear guide to how bank acceptances work and why they matter in trade and finance. This book explains the rules, market dynamics, and practical implications behind this important banking instrument.
The text traces the development of the acceptance market, detailing how banks issue and manage acceptance credits, how discounts fall into place, and how regulations shape who can use these instruments. It covers security requirements, document handling, and the role of the Federal Reserve and New York laws in setting limits and procedures. The material stays focused on the mechanics and policy framework that govern acceptances in both domestic and international trade.
- Learn how acceptances originate from commercial transactions and how they are bought and sold by banks.
- Understand limits, security, and document handling that protect banks and customers.
- See how regulatory rules influence the use and renewal of acceptances.
- Get a practical sense of the market conditions that drive acceptance activity and pricing.
Ideal for readers of finance history and banking professionals seeking a grounded, working description of acceptances and their role in trade finance.
The text traces the development of the acceptance market, detailing how banks issue and manage acceptance credits, how discounts fall into place, and how regulations shape who can use these instruments. It covers security requirements, document handling, and the role of the Federal Reserve and New York laws in setting limits and procedures. The material stays focused on the mechanics and policy framework that govern acceptances in both domestic and international trade.
- Learn how acceptances originate from commercial transactions and how they are bought and sold by banks.
- Understand limits, security, and document handling that protect banks and customers.
- See how regulatory rules influence the use and renewal of acceptances.
- Get a practical sense of the market conditions that drive acceptance activity and pricing.
Ideal for readers of finance history and banking professionals seeking a grounded, working description of acceptances and their role in trade finance.
Kindle Edition
First published July 26, 2015
About the author
Frank Kennedy
30 books5 followersLibrarian Note: There is more than one author by this name in the Goodreads database.
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
No one has reviewed this book yet.