Acceptance Primer

Cover Acceptance Primer
Acceptance Primer
New York Foreign Trade Banking Corporation
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The seller thus having his capital in proper liquid form is fortified to meet unexpected business depression.
It enables the seller to conduct his business more systematically.
Because of certainty of regular influx of money and assured borrowing power.
Places him in better shape to keep track of his outstand- ing obligations.
17 FOREIGN TRADE BANKING CORPORATION Advantages to the Buyer The Trade Acceptance benefits the buyer of goods because It benefits his business reputation, strengthen- ing
... his credit with sellers, indicating That he does not overbuy.
That he is prepared to meet obligations promptly at maturity.
That he is entitled to consideration as a preferred buyer.
It enhances value of his paper when he borrows.
When negotiated, it will benefit by the best preferential discount rates, because of his proved willingness to make prompt payment in assuming the obligation of accept- ances.
It frees his transactions with the seller from dependence on special favors.
It makes for systematic, efficient routine in his business, eliminating waste effort.


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