|
|
|
|
Financing your business > Banker's acceptance
|
 |
|
Bankers' acceptances are bills drawn by you on the bank for periods of between 30 and 365 days. Once the bill has been accepted by us, an amount equal to its face value, less finance charges, is immediately paid into your account. The full amount of the bill is payable to us on the maturity date.
The credit criteria for this type of finance are more stringent than for most other types of borrowing. The facility will only be considered for larger businesses with a substantial capital base and a strong profit record over the past three years.
|
|
|
|
|
|
|
|
|
|
|
