BAX Contract

Business, Legal & Accounting Glossary

Definition: BAX Contract

BAX Contract

Full Definition of BAX Contract

Short-term, 3 month maturity and a value of C$1 million, with the Canadian banker’s acceptance (BA) as the underlying security. Contracts are flexible, liquid, and don’t tie up credit lines. BAX contracts are traded on Montreal Derivatives Exchange. Also called banker’s acceptance contracts.

Cite Term

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Page URL
Modern Language Association (MLA):
BAX Contract. Payroll & Accounting Heaven Ltd.
December 06, 2021
Chicago Manual of Style (CMS):
BAX Contract. Payroll & Accounting Heaven Ltd. (accessed: December 06, 2021).
American Psychological Association (APA):
BAX Contract. Retrieved December 06, 2021
, from website:

Definition Sources

Definitions for BAX Contract are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th November, 2021 | 0 Views.