# 3ABCDEFGHIJKLMNOPQRSTUVWYZ

Banker's Acceptance

A banker's acceptance, or BA, is a draft or bill of exchange drawn on and accepted by a bank. It is an order by the drawer to the bank to pay a specified sum on a specified date to a named person or to the bearer of the draft. Once accepted it becomes a liability of the bank. If the bank has a secure reputation it is readily tradeable. Banker's acceptances are widely used money market instruments.