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Benefits of Private Banking 11 Oct 2012 | 10:00 pm
A bank or financial entity that offers non-governmental services and is owned independently is referred to as a private banking entity. A large number of financial institutions provide high net worth ...
Required Documents for SWIFT Membership 9 Oct 2012 | 08:40 pm
SWIFT membership enables banks and other financial institutions to conduct international financial transactions in a safe and secure manner. To obtain a SWIFT membership, it is imperative to present r...
The Process of Bank Auditing 4 Oct 2012 | 07:40 pm
Banks and other financial institutions are required to undergo the process of bank auditing to ensure that all the financial operations being carried out are in full compliance of the legal requiremen...
Advantages of Bank Wire Transfers 3 Oct 2012 | 12:22 pm
The process of conducting electronic payments from one bank account into another is known as a bank wire transfer. There is a set service fee charged for bank wire transfer that can either be a percen...
Documents Required for Bank License 27 Sep 2012 | 10:33 am
Individuals and companies that wish to establish an offshore bank are required to submit certain documents to the relevant regulatory body of the jurisdiction in order to obtain a banking license. The...
Issuing of Financial Guarantees and Instruments 26 Sep 2012 | 10:55 am
Banks and other financial entities are able to issue their clients with letters of credit for transacting overseas payments. These letters of credit are often referred to as issuing financial guarante...
What is Bank Auditing 24 Sep 2012 | 11:38 am
Bank auditing is the procedure of reviewing the services and procedures adopted by banks and other financial institutions. It is a routine procedure that all financial services entities must undergo i...
What is an Investment Bank 19 Sep 2012 | 11:20 am
A financial institution that offers a diverse range of banking and financial planning services to their clients is called an investment bank. This type of financial entity assists their clients in rai...
What is a Financial Regulatory Body 13 Sep 2012 | 12:36 pm
The financial regulatory authority of a country is the body that grants and issues banking licenses to all financial entities within its governing region. This entity also outlines the legislation and...
What is a Letter of Credit 12 Sep 2012 | 10:39 am
A letter of credit is a document issued by a bank or financial institution to state the irrevocable undertaking of payment from a payer to present to a seller or third party. This document acts as a b...
