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 […]

Read more
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 […]

Read more

Multilateral Investment Guarantee Agency (MIGA)

Multilateral Investment Guarantee Agency (MIGA) Formation 1988 Type Development finance institution Legal status Treaty Purpose Political risk insurance, foreign direct investment Headquarters Washington, D.C. Membership 180 countries Executive Vice President Keiko Honda Parent organization World Bank Group Website The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against losses caused […]

Read more

How many risks in the Basel?

How many risks in the Basel? 1. Credit Risk 2.  Market Risk 3. Operational Risk 4. Supervisory Risk 5. Fiduciary Risk It is the risk of loss from default by the counter party, typically as a consequence of its insolvency Possibilities of violation of agreement by the counter party in […]

Read more
1 48 49 50