Forms, Agreements, Records, Etc.

Form No. 1. Form of Trade Acceptance for General Use, Based on Domestic Sales of Merchandise. No. 2. Form of Trade Acceptance Based on Domestic Sales of Merchandise, with words "Maturity being in conformity with original terms of purchase," inserted. No. 3a. (Front) Form of Trade Acceptance with Explanation

Slip for Buyer. No. 3b. (Reverse) Form of Trade Acceptance with Record

Slip for Buyer. No. 4. Form of Trade Acceptance Adapted for General Use. No. 5. Form of Trade Acceptance Adapted for General Use. No. 6. Form of Trade Acceptance Adapted for General Use. No. 7. Form of Trade Acceptance Adapted for General Use. No. 8. Method of Propaganda Used by Commercial Houses to Encourage the Use of Trade Acceptances. No. 9. Method Employed by Commercial Houses to Point Out the Advantages in the Use of Trade Acceptances. " No. 10. Acceptances in Foreign Countries (Canadian Practice). " No. 11. Ordinary Banker's Acceptance; Specimen Bill Drawn

Locally. " No. 12. Bank Acceptance Arising Out of a Foreign Transac-tion; Specimen of Bill Drawn in a Foreign Country. " No. 13. Forms of Certificates Used to Indicate Eligibility of Bankers' Acceptances for Re-discount with Federal Reserve Banks. " No. 14. Specimen of Bank Acceptance Arising Out of a Transaction Involving the Exportation or Importation of Goods. " No. 15. Bank Acceptance Arising Out of a Transaction Involving the Domestic Shipment of Goods. " No. 16. Form of Bank Acceptance Based upon a Transaction

Involving Warehouse Receipts.

" No. 17. Commercial Domestic Acceptance Agreement.

" No. 18. Commercial Acceptance Agreement Used in Connection with Acceptance Credits Granted by a Bank for the Purpose of Financing Imports or Exports or Merchandise Stored in Warehouses in the United States or Abroad.

" No. 19. Trust Receipt Used in Connection with Acceptance Credits.

" No. 20. Trust Receipt Used in Connection with Acceptance Credits.

" No. 21. Trust Receipt (Documents for Warehousing).

" No. 22. Trust Receipt (For Withdrawal of Collaterals).

" No. 23. Bailee Receipt.

" No. 24. Form of Acceptance Register Book.

Form No. 1 Form of Trade Acceptance Based on Domestic Sale of Merchandise

Explanation - Form No. 1 Form of Trade Acceptance Based on Domestic Sales of Merchandise

The acceptance is daily becoming more popular. It eliminates the old system of "open accounts." Instead of a merchant selling to a buyer on 60 days open account, the buyer accepts a draft at 60 days date or sight, which the merchant can discount with his bankers, thus avoiding a tie-up of his capital.

Some authorities have suggested that the words "maturity being in conformity with original terms of purchase" be inserted following the word "drawer" where it first appears in the form above, the purpose being to guard against the use of the trade acceptance in settlement of past due accounts. It should be remembered that trade accept ances are used in connection with current transactions only.

Form of Trade Acceptance Based on Domestic Sale of Merchandise, with Words "Maturity Purchase" Inserted

With the exception of the words "maturity being in conformity with original terms of purchase," this form of acceptance is the same as form No. 1. These words are inserted for the purpose of guarding against the use of the acceptance in settlement of past due accounts.

A Trade Acceptance

Is an acknowledgment of a debt by the buyer in favor of the seller, for merchandise that the seller had placed in the hands of the buyer. The buyer agrees, in writing across the face of this acceptance his name, the name and location of his own bank and the date, to pay the amount of this certain indebtedness at a certain time at his own bank.

This varies from the open book account method only in giving the debt a negotiable value.

According to a Federal Reserve Bank Governor's Opinion, the signing of an Acceptance increases the financial standing of the giver, because it shows prompt paying methods.

Kindly sign attached Acceptance, then forward to us.

Form No. 3B Reverse Form of Trade Acceptance (Reverse) with Record Slip for Buyer

Explanation - Form No. 3A (Front); Form No. 3B

(Reverse)

This form of trade acceptance serves the same purpose as those shown in forms Nos. 1 and 2 preceding, and in addition, furnishes an advantage in recording the particulars of the transaction. In usage, the seller fills in the particulars required in the trade acceptance and sends it along with the part following to the acceptor, the reverse side of which serves as a record sheet for the latter. After having been accepted, the trade acceptance is returned to the seller.