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A bank statement is an official summary of financial transactions occurring within a given period for each bank account held by a person or business with a financial institution. Such statements are prepared by the financial institution, are numbered and indicate the period covered by the statement, and may contain other relevant information ...
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Banker's acceptance rates [7] are the market rates at which banker's acceptances trade, and are determined by current values relative to face values. They represent the return received if an acceptance were purchased today at the market price and held until the payment date. All-in rates are banker's acceptance rates which include the bank's ...
While this is a sound interpretation of Australian law, for insurance reasons the bank protects itself from possible attack with the condition (2014: Section 1.7.1 'Using your cheques '): 'You authorise us to pay a post-dated cheque (one which is dated with a date in the future) drawn on your account and presented for payment at any time before ...
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