Eligible Bankers Acceptances Love Machine 15 years ago Eligible Bankers AcceptancesTerm used in BA market. Refers to acceptances that are approved as collateral by the Fed at discount windows. The accepting banks are not required to provide reserves for such acceptances when they sell them.Recommended for you:Eligible Commercial EntityBankers BankExcess ReservesCentral bankers report calls for institutional control of bitcoin, virtual currencies