Exporters can hold a banker's acceptance until the date at which payment is to be made, yet they frequently sell the acceptance before then at a discount to obtain cash immediately.

Question

Quizplus · Accepted Answer

This statement is true. Exporters can choose to hold onto a banker's acceptance until the payment date, but they also have the option to sell it at a discount to obtain immediate cash. This allows them to improve their cash flow and reduce their risk of non-payment or late payment.

Exporters Can Hold a Banker's Acceptance Until the Date at Which