Spontaneous Financing Trade Acceptances: the seller draws a draft on the buyer that orders the buyer to pay the draft at some future time period Draft-A signed, written order by which the first party(drawer) instructs a second party (drawee) to pay a specified amount of money to a third party (payee ). The drawer and payee are often one and the same 11-511-5 Spontaneous Financing Draft -- A signed, written order by which the first party (drawer) instructs a second party (drawee) to pay a specified amount of money to a third party (payee). The drawer and payee are often one and the same. Trade Acceptances: the seller draws a draft on the buyer that orders the buyer to pay the draft at some future time period