Objectives of the Bank

What are the objectives of the Bank?

What are the objectives of the Bank? Objectives and importance of Bank Bank has various objectives as per other financial organizations. But the banking organization viewpoint is exceptional than others. The objectives of the bank can be viewed from three different perspectives: 1)    The objective from the viewpoint of […]

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Blank-Commercial-Invoice

Commercial Invoice

Commercial Invoice Feature of Commercial Invoice : In international trade, a commercial invoice is an essential document that facilitates the smooth flow of goods and ensures compliance with customs regulations. A commercial invoice serves as a record of the transaction between the buyer and the seller, providing important details about […]

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Banker customer relationship

Banker and Customer Relationship

Banker and Customer Relationship Banker and Customer Relationship features: Customer: In general, any individual/organization that maintains an account with the bank is treated as a customer. But in some situations, Banker extends their services to the individuals/organizations even if they are not customers as defined above. According to the duration […]

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bank guarantee

What is bank guarantee?

What is bank guarantee? What is bank guarantee? A guarantee is a promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future debt in case of default by the principal debtor. So the guarantor is undertaking to repay the debt in case […]

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URR images

URR 725

URR 725 URR 725 is the acronym of  Uniform Rules for Bank-to-Bank Reimbursements. UNIFORM RULES FOR BANK-TO-BANK REIMBURSEMENTS APPROVED ON 15-16.04.2008. IN FORCE SINCE 01/10/2008 Table of Contents of URR 725 URR 725 – Article 1 Application of URR URR 725 – Article 2 Definitions URR 725 – Article 3 […]

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