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Bankers' Acceptance

 

A bankers' acceptance is a short-term fixed rate loan used to finance trade-related transactions. There are two distinct ways that bankers' acceptances can be utilized:
  1. As an extension of a letter of credit to defer the time that payment is due to you as an exporter or made by you as an importer, but with the direct and unconditional obligation of the accepting bank
  2. As an often lower cost and fixed-rate method of financing a purchase or sale of goods

Contact Global Trade Finance

Contact us with your international banking needs or call one of our Global Trade Finance representatives at 800-937-8226.