International trade is one of the best areas where a bank can help local companies manage the risks of trading with companies in foreign countries. In...
Payroll services offered by banks have come a long way from when a bank would deliver thousands of RMB by armored van with 2 or more armed security of...
Remittances are part of a bank's international services and are divided into two categories, inward and outward. An inward remittance is where a f...
Corporations can achieve short term financing through a bills facility, however for long term financing the best method is for them to issue a bond in...
Business lending is an important part of banking because it provides small to medium sized businesses the opportunity to grow quicker compared to self...
Banks provide most of the credit our economy needs by making loans to enterprises, individuals and governments. Banks also accept discount on promisso...
Every bank must make payment for checks （notes） drawn on funds deposited with it. And every bank must collect payment for checks （notes） deposited wit...
The basic principle of double entry bookkeeping is that every transaction has a twofold effect. In other words, a value is received and a value is yie...
There are two basic financial statements: the balance sheet and the operations statement. The balance sheet shows the firm's condition on the last...
Interest is a reward which is paid by the borrower to the lender for a loan. It always coexists with credit. Where there is Credit, there should be in...