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OFFICIAL PORTAL OF THE
MINISTRY OF INVESTMENT, TRADE AND INDUSTRY
Home- About MITI
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BA
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- BA
Bankers Acceptance - A Bankers Acceptance (BA) is a Bill of Exchange (draft) drawn by an importer/buyer/exporter/seller on his bank to his order, to finance an underlying trade transaction and accepted by that bank. It is termed “accepted” when the drawee bank signifies acceptance by signing on the Bill of Exchange. The drawee bank thereby undertakes the obligation to meet payment on maturity date.
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