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CHAPTER 28 Commercial Paper

CHAPTER 28 Commercial Paper. 28-1 Basic Types of Commercial Paper 28-2 Specialized Types of Commercial Paper. 28-1 Basic Types of Commercial Paper. GOALS Recognize the need for commercial paper Identify the various types of commercial paper. FOCUS.

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CHAPTER 28 Commercial Paper

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  1. CHAPTER 28Commercial Paper 28-1 Basic Types of Commercial Paper 28-2 Specialized Types of Commercial Paper

  2. 28-1 Basic Types of Commercial Paper GOALS • Recognize the need for commercial paper • Identify the various types of commercial paper Chapter 28

  3. FOCUS • What are the four basic types of commercial paper? Chapter 28

  4. WHAT IS COMMERCIAL PAPER? • Unconditional written orders or promises to pay money • Demand instrument Chapter 28

  5. Why are banks debtors of their checking account depositors? Chapter 28

  6. TYPES OF COMMERCIAL PAPER • Drafts • Checks • Honor and dishonor • Stop-payment orders • Precautions and care • Promissory notes • Certificates of deposit Chapter 28

  7. DRAFTS Chapter 28

  8. CHECKS Chapter 28

  9. PROMISSORY NOTES Chapter 28

  10. CERTIFICATES OF DEPOSIT Chapter 28

  11. What is the difference between a check and a draft? Chapter 28

  12. 28-2 Specialized Types of Commercial Paper GOALS • Recognize the various specialized types of commercial paper • Compare the functions of the specialized types of commercial paper Chapter 28

  13. FOCUS • If you were a diamond broker in New York City, would you take a personal check for the purchase of several fine stones from a vendor in Los Angeles that you had never met? • If you owned a restaurant, would you take a personal check from a French tourist for the dinner she just had in your restaurant? Chapter 28

  14. SPECIALIZED TYPES OF COMMERCIAL PAPER • Certified checks • Teller’s check • Cashier’s check • Money orders • Traveler’s checks Chapter 28

  15. What is the difference between a certified check and a cashier’s check? Chapter 28

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