the counter‚ it can be collected only through a banker. The direction is that‚ the paying banker should not pay the cheque at the counter. It should be paid only to a fellow banker. Special Crossing: It is a cheque in which the name of the bank and at time bank with branch name is written between the two parallel lines like Habib Bank Ltd ‚ Mcb (Saddar branch) hence it can be paid to that specific banker only. Inclusion of the name of a banker is essential in special crossing . In case of special
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following the Five Cs of Good Credit and the Five Cs of Bad Credit can bankers be sure of not falling into the same traps that have tripped them up for years. Full Text: Headnote This article first appeared in the January 1993 issue of The Journal of Commercial Lending‚ forerunner of The RMA Journal. The authors‚ in their introduction‚ stated their eagerness for bankers "to learn from the problems of the past few years; for unless bankers learn from history‚ they will be doomed to repeat it." In the following
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“The Bet” is the story of a bet between a banker and a young lawyer. As the story begins‚ an old Banker is in his room remembering one party 15 years ago when at that time he was young and very well-off. At the party guests eventually started talking about death penalty and life imprisonment and which one of those was worse. Most of the guests (journalists and scientists) didn’t approve death penalty but there was one young Lawyer who said that both death penalty and life imprisonment were inhuman
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UNIT |TOPIC-BREAK UP & COVERAGE |HRS |DATE REFERENCE |REMARKS | | |1(4) |Commercial Banking.Bank- Banking- Banker- brief explanation of evolution of |1 |9Th | | | |banks- development banks/commercial banks- distinction. Types based on | |November-21th Nov | | | |control-Scheduled/non-scheduled‚ private/public/nationalized/foreign. | | |
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tale of a two contrasting characters that make a bet that takes an unexpected twist at the end. The lawyer and the banker both make a bet that consists of the lawyer to spend 15 years in imprisoned in the bankers house‚ if he survives he gets 2 million dollars ‚ if not he loses his freedom for those years with no money what so ever. This bet was made at a party hosted by the banker when these to opponent conversed about a polemical topic-the capital punishment. By using juxtaposition‚ the act of
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St had the idea to connect investors with home owners. It works as follows. First‚ mortgage lenders lend money to families in order for them to become home owners. They buy a house. Secondly‚ the lender sells the mortgage to an investment banker. Then‚ the banker borrows millions of dollars and buys thousands more mortgages. This means‚ every month he gets payments from all the home owners concerned. After that‚ he collects the mortgages in a so-called “CDO”‚ a collateralized debt obligation. This
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Marketing Strategy for Investment Bankers I. Overview This paper sets out to explain how the concepts underlying marketing strategy‚ which is may be seen as applicable only to industries that provide tangible goods‚ such as iPads or pharmaceutical drugs‚ are nevertheless relevant to a service-based industry like investment banking. First‚ I will define marketing strategy and briefly describe its various elements. Next‚ I will define investment banking and give a brief description of the various
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situation in which the banker and lawyer wages a bet based on the idea of the death penalty and life imprisonment. The banker puts on the line two million dollars compared to the lawyer’s life worth of fifteen years. For the next fifteen years the lawyer was placed in the banker’s backyard without the knowledge of the outside world. It was clear that any attempt on the lawyer’s part to break the conditions will result in the lawyer’s loss of the bet. Fifteen years later‚ the banker is near bankruptcy
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each of the 5 C’s of credit or banking to help you understand what your banker needs to understand about your business in order to approve your loan. By the end of this article‚ you will have insight as to where your banker is coming from‚ and therefore better prepare you to handle their questions and concerns. Capacity/Cash Flow Importance¶ Cash Flow is the first "C" of the 5 C ’s of Credit (5 C ’s of Banking). Your banker needs to be certain that your business generates enough cash flow to repay
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A merchant bank This free essay was written by a student and not by our expert writers. If you need custom essays on your exact essay questions‚ then have a look at our essay writing service. What is Merchant Bank? A Merchant bank is a bank or a financial institution which is more focusing on providing financial services and advice to corporations and wealthy individuals‚ so we can say that a Merchant bank is that which providing Private equity activities of banking. There are two types of banks
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