BANK DRAFT (CASH BACKED) A bank draft is a check drawn on a bank’s funds and is guaranteed by the bank that issues it. A bank draft is safer than a personal check when accepting large payments. To get a banker’s draft, a bank customer must have...
Using Bank Guarantees (BG) & Letters of Credit (LC) In International Trade. This article is about using Bank Guarantees (BG) and Letters of Credit (LC) In International Trade. Bank Guarantees (BG) and Letters of Credit (LC) Are Used In International Trade Transactions To Finance Imports and export...
bank guarantee for trade finance, import bank guarantee, export bank guarantees, sblc for trade finance, bank guarantee provider, lease bg provider, uses of bank guarantee, types of bank guarantee, bank instrument providers bank instruments providers, genuine bank guarantee providers, bank instruments providers with no fees upfront,...
THE DIFFERENCES BETWEEN THE SWIFT MESSAGING TYPES: SWIFT MT799 AND SWIFT MT799 vs MT760 MT799 is a digital message that is sent between banks; with the aim of showing funds or proof of deposits. It is important to note that it is not used as a...
Why Do Banks Say No to Startup Loans? It is very difficult for a new business to get a loan from a commercial bank or lender for a business startup. New businesses are in fact the riskiest loans of any that a bank or lender might...
This article is about using Bank Guarantees (BG) and Letters of Credit (LC) In International Trade Bank Guarantees (BG) and Letters of Credit (LC) Are Used In International Trade Transactions To Finance Imports. International trade is a risky activity – importers may not pay after receiving the...
Using Bank Guarantees (BG) for international trade IMPORT BANK GUARANTEES Bank Guarantees Are Used In International Trade Transactions To Finance Imports International trade is a risky activity – importers may not pay after receiving the goods and exporters may not deliver if they are paid in advance. To...
[caption id="" align="alignleft" width="253"] Types of Commercial Real Estate Loans[/caption] Commercial real estate loans are a common type of commercial loan Commercial property owners typically need mortgages when they want to construct buildings. After the buildings are constructed, they sometimes need additional financing to keep them fully...
Proof of Funds (POF) Meaning and Uses of POF What Are Proof of Funds (POF)? Proof of funds (POF) refers to a document or documents that demonstrate a person or entity has the ability and funds available for a specific transaction. Proof of funds usually comes in...
Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of equity investors, known as 'sponsors', as well as...
