About

This instrument is prepared by a Seller and submitted to a Buyer
at the time of delivery of the goods or services contracted for.
Upon receipt of the goods or services, the instrument is accepted
by the Buyer (that is, it is signed by the Buyer) and is returned
to the Seller in payment for the goods or services. The TAD is
for a specific amount (the cost of the goods or services) payable
on a predetermined future date, drawn against a specific bank
account of the Buyer maintained at a specified bank.

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Trade Acceptance Drafts
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The Trade Acceptance Draft Program is a deferred payment technology
that a company can use to facilitate the purchase of commercial goods
or services. The minimum transaction size if $50,000.