Talk:Bankers' acceptance
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[edit] Question
T-bills sell at a discount from par value
- What does this mean? The par value of what? The T-bill?--Jerryseinfeld 15:38, 4 Feb 2005 (UTC)
Yes it is the face value(or PAR value) of the T-Bill.
[edit] Banker's acceptance vs. Commercial paper
It seems that they are almost same, however, Banker's acceptance was ganranteed by a banker. Is it true? I mean the article is not well-organized since it was not categorized, and it was not compared to other money market securities. I think that at least we can categorize the content into 3 categories: the reason (why does it exist), interest rate convention, its features (compared to other money market securities).
Furthermore, banker's acceptance is contrast to importer's acceptance. Once a time draft is "accepted", it becomes a note or a bond.
Jackzhp 00:52, 24 March 2007 (UTC)
