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Money Market Instruments in pakistan

Ratings: 0|Views: 19,144|Likes: 175 Published by aamna123456 T-bills,fedrul funds,commercial papers,bankers acceptance,repurchase agreements,euro dollers See More

Requi reme

nts of t
h

e Time Draft

Promiss ory
S

ignature The word

accepted on top of hissignat ures and

The date on which

the amount will bepaid

Bank ers

Accep tance
I

f the time draft is formally

accepted by abank then it becomes

a banker sacce ptance

The maturitie s of

banker s acceptan cemostly

range from 30 to 180 days

The promiss ory uses

the bank s creditwo rthiness

instead of his own

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