Transcription of BAs or BDNs - himivest.com
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BAs or BDNs - himivest.com
Here s a skill-testing question for advisors: In the event that a ma-jor canadian bank gets wiped out overnight, which of their money market products is safer, a bank-ers acceptance (BA) or a bearer deposit note (BDN)?BAs have a relatively short his-tory in Canada, which has been admirably traced by George Now-lan, and before that by Daryl Mer-rett in the Bank of Canada Review of October 1981. the evolving marketCanadian money markets were un-developed until the 1950s.
Here’s a skill-testing question for advisors: In the event that a ma-jor Canadian bank gets wiped out overnight, which of their money market products is safer, a bank-
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