London acceptance credit


London acceptance credit
A method of providing immediate cash for a UK exporter of goods. On shipment of the goods the exporter draws a bill of exchange on the foreign buyer. The accepted bill is then pledged to a merchant bank in London, which accepts an accommodation bill drawn by the exporter. The acceptance can be discounted on the bank's reputation, to provide the exporter with immediate finance, whereas the foreign buyer's acceptance would be difficult, or impossible, to discount in London.

Big dictionary of business and management. 2014.

Look at other dictionaries:

  • London Conferences — (1921, 1924, 1931)    Of the several meetings held in London during the Weimar era, three were of special import to Germany. The first, held 1 8 March 1921, was, claimed Moritz Julius Bonn,* a gigantic failure. The conferees aimed to formulate a… …   Historical dictionary of Weimar Republik

  • London School of Economics — Not to be confused with School of Economic Science. London School of Economics and Political Science Motto Latin: Rerum cognoscere causas Motto in English To Understand the Causes of Things …   Wikipedia

  • German–Soviet Credit Agreement (1939) — For other uses, see German–Soviet Commercial Agreement (disambiguation). German–Soviet Credit Agreement Signed August 19, 1939 Location Berlin, Germany Signatories Union of Soviet Socialist Republics …   Wikipedia

  • Bankers' acceptance — A banker s acceptance, or BA, is a time draft drawn on and accepted by a bank. Before acceptance, the draft is not an obligation of the bank; it is merely an order by the drawer to the bank to pay a specified sum of money on a specified date to a …   Wikipedia

  • Imperial College London — Infobox University name = Imperial College London image size = 180px motto = Scientia imperii decus et tutamen Knowledge is the adornment and protection of the Empire established = 8 July 1907http://www3.imperial.ac.uk/pls/portallive/docs/1/217356… …   Wikipedia

  • Social Credit — is a socio economic philosophy wherein consumers, fully provided with adequate purchasing power, establish the policy of production through exercise of their monetary vote.cite book |title=Credit Power and Democracy |last=Douglas |first=C.H.… …   Wikipedia

  • Bill of credit — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …   The Collaborative International Dictionary of English

  • ЛОНДОНСКИЙ АКЦЕПТНЫЙ КРЕДИТ — (London acceptance credit) Метод быстрого обеспечения наличностью британских экспортеров товаров. После отправки товаров экспортер выставляет иностранному покупателю тратту. Затем акцептованная тратта отдается в залог торговому банку (merchant… …   Финансовый словарь

  • Лондонский акцептный кредит — Метод быстрого обеспечения наличностью британских экспортеров товаров. После отправки товаров экспортер выставляет иностранному покупателю тратту. Затем акцептованная тратта отдается в залог торговому банку (merchant bank) в Лондоне, который… …   Справочник технического переводчика

  • Financial history of the Dutch Republic — describes the history of the interrelated development of financial institutions in the Dutch Republic. The rapid economic development of the country after the Dutch Revolt in the years 1585 1620, described in Economic History of the Netherlands… …   Wikipedia