Question:
Provide me information about 30 day bankers acceptance rates.
Answer:
According to Commodity System following are 30 day bankers acceptance rates:
Cash:
Open: 0.29
High: 0.31
Low: 0.27
Close: 0.29
Net Change: 0.00
Question:
Provide me information about 30 day bankers acceptance rates.
Answer:
According to Commodity System following are 30 day bankers acceptance rates:
Cash:
Open: 0.29
High: 0.31
Low: 0.27
Close: 0.29
Net Change: 0.00
The bankers acceptances described here are interesting in that they are among the few financial vehicles whose primary purpose is not to raise money for something. Rather, it is a vehicle to inspire trust between two unfamiliar companies across borders. The bank, here, acts as the guarantor of the transaction.