azuma Sdn. Bhd., a Malaysian company enters into a trade agreement with Mavin Int., a Singaporean company. This is the first transaction between the two companies and Mazuma Sdn. Bhd. requires a bankers acceptance for the order of MYR1,00,000. The payment for the bankers acceptance is to be received in six months and it comes with a per annum commission of 1.4%. If Mazuma Sdn. Bhd. decides to sell the bankers acceptance to its local bank, the discount rate is 1.0% p.a. Based on the situation above, the instrument used above is an unsecured promissory note of ________

Select one:

a. commercial paper

b. overdraft

c. securitized loan

d. warrant of payment