heard of banking instrument?
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erection2015
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bro banking instrument i do not know much about .... i am more familiar with wanking instrument . :p
what is this? :*::o
only know that it is used to grant money to companies in need of funds.
anybody or bankers in this trade, please kindly advise, thanks in advance.
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bro, serious lah... need more insight on this thing, one indon client asked me to look for companies in need of funds. i saw that there are many companies in europe unable to get loan from banks, so need to know.
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what is this? :*::o
only know that it is used to grant money to companies in need of funds.
anybody or bankers in this trade, please kindly advise, thanks in advance.
Promissory note, Bill of Exchange.. can you google?? http://chestofbooks.com/finance/banking/Elementary-Banking-AIB/Instruments-Of-Banking.html
erection2015
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bro...if you want to know about this then mebbe bro donkey can help. Go the the chatroom and PM him. He may be slow in answering cos hes usually quite busy, but he will eventually.
He is involved in this sort of thing.
He is involved in this sort of thing.
bro, serious lah... need more insight on this thing, one indon client asked me to look for companies in need of funds. i saw that there are many companies in europe unable to get loan from banks, so need to know.
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what is this? :*::o
only know that it is used to grant money to companies in need of funds.
anybody or bankers in this trade, please kindly advise, thanks in advance.
The principal instruments of banking are (1) money and currency, (2) checks, (3) bills of exchange or drafts, (4) acceptances, (5) promissory notes. A "check" may be defined as a written order on a bank or banker for the payment of money. A "bill of exchange" or "draft" may be defined as an order drawn by one party, called the "drawer," on another party, called the "drawee," for the payment of money to a third party, called the "payee," the amount to be charged to the drawer. A bill of exchange may be drawn payable at sight or at some specified time subsequent to sight or demand. Unless the drawee wishes to pay a time draft or bill when presented before it is due, he writes across the face of the paper the word "accepted," with his signature and the date. This means that the drawee assents to the terms of the bill or draft and binds himself to honor it at maturity. It then becomes known as an "acceptance." A "promissory note" is a promise made in writing by one party, called the "maker," to pay a sum of money to another party, called the "payee," or to his order
Read more: http://chestofbooks.com/finance/ban...AIB/Instruments-Of-Banking.html#ixzz26QQrVavU
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is this legal? and what are the cons or loopholes? what is the success rate in granting these notes to the companies, btw it somehow remind me of lehman brothers' notes too...
who is donkey, what is his exact nick?
erection2015
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banking instruments ie LC, Bank guarantees etcwhat is this? :*::o
only know that it is used to grant money to companies in need of funds.
anybody or bankers in this trade, please kindly advise, thanks in advance.
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bro, serious lah... need more insight on this thing, one indon client asked me to look for companies in need of funds. i saw that there are many companies in europe unable to get loan from banks, so need to know.
that means your indon client wants to provide financing for such companies with a fee in return...
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apparently, i made a mistake, it was the indon who need money and the financier come from Taiwan.
is there a need to mortgage your asset to get the notes?
is there a need to mortgage your asset to get the notes?
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I figure the Taiwan guy is probably lending your indon client to use his credit line, in other words he issued the LC on behalf of the indon guy to his suppliers. This sort of things must have trust, if not your indon client can just take the goods and chow lor...else not he probably have to pledge something in return as collateral.
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