Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Credit Policy Standards > LODP > Flashcards

LODP Flashcards

0
Q

How do you differentiate commercial from consumer loans? (6)

A

Commercial vs consumer

  • small volume, large amounts vs large volume, small amounts
  • one-by-one approval process vs volume approval process
  • audited financial statements available vs limited or poor financial data
  • payment record available vs credit history available but usually incomplete
  • account managed vs portfolio managed
  • generally complex loans vs parameter driven products
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
1
Q

Credit review functions (3)

A

Contribute to bank’s growth and probability by:

  • formulating consumer policies & procedures
  • assessing portfolio & process quality
  • anticipating, identifying, and assessing credit risks/productivity improvements
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

It is a statistical tool developed for the lender to determine the probability of a loan applicant becoming a good paying client.

A

Credit scoring

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Advantages of credit scoring.(5)

A
  • more accurate prediction of risk
  • increase revenue
  • better understanding of customers
  • greater processing efficiency
  • management information capabilities
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is the eligible age for applying a credit card?

A

21 to 70 years old

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is the minimum monthly income for autoloans?

A

30k

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Employment eligibility for housing loan.

A
  • at least 2 years employed with the present or previous employer.
  • regular employee in a stable company
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Minimum income for credit card application.

A
  • 10k (idividual)

- 15k (family)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Minimum loan amount for housing loans.

A

400k

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is the maximum credit limit for credit cards? (Income based)

A

Not to exceed 300% of monthly salary

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is the maximum GMIR for housing loans?(2)

A
  • 40% if income is 50k and above

- 30% if income is below 50k

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Collateral for credit cards?

A
  • deposits, but mostly clean
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is the maximum LCR for housing loans?

A

80% of the TAV

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is the maximum term for housing loans?

A

20 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is the retention period of court cases in the NDB?

A

20 years

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

How long will a foreclosed accounts be retained in the NDB?

A

Permanent

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Parameters and quorums for Board of directors’ approval.

A
  • All credits in excess of 3B
  • all DOSRI accounts
  • statutory limits

Quorum: 8 of 15 members

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Parameters and quorums for ExCom approval.

A
  • Secured/Unsecured credits up to 3B
  • ACA - 2B
  • vs deposit: no limit
  • Leasing over 100M
  • ROPA sale over 15M

Quorum: 4 of 7 members

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Parameters for Unibank CreCom approval

A
  • Unsecured : 150M
  • Secured: 750M
  • vs deposit: no limit
  • BP(dom,for): 75M
  • Import LCTR: 500M
  • Leasing: 100M
  • ROPOA Sale: 15M
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Quorum for unibank CreCom approval

A
  • 3 members, one of whom must either be the chairman or vice chairman
  • must include credit division head
  • must be approved by chairman if elevated to ExCom or Board of directors
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Parameters and quorum for CBD Sub-CreCom Approval

A
  • Unsecured: 25M
  • Secured: 125M
  • vs deposits: 200M
  • BP(dom/fx; ebs w/ desc): 25M
  • Import LCTR: 50M
  • Leasing : 25M
  • Quorum: 3 members, composed of MTH, MDH, and CDH
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

BFSB CreCom Approval parameters and quorum.

A
  • Unsecured: 20M
  • Secured: 100M
  • vs deposits: 300M
  • BP(dom/fx): 10M
  • PECL: 10M

Qurum: 2 members, one of whom must be the chairman or vice chairman(at 50% of the limits)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Major types of international trade transactions.

A
  • import
  • export
  • foreign payments
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Refers to the movement of funds across borders.

A

Foreign payments

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

These are universally recognized sets of rules governing documentary credits.

A

UCP or uniform customs and practices for documentary credits

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Framework for evaluating agri projects

A
  • economy
  • supply
  • demand
  • labor
  • infrastructure
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Major risks in agriculture

A
  • commodity price risk
  • climate and environmental risk
  • currency and interest rate risk
  • political and regulatory risk
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

Minimum eligibility for agri lending. (5)

A
  • borrower must qualify the 5 C’s of credit
  • borrower must show proven track record and project must pass agri’s technical evaluation criteria
  • project must be located in areas with acceptable peace and order condition
  • borrower must have a proven managerial capability
  • project must have a firm and reliable market
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

Modes of importation.(3)

A
  • letter of credit
  • documentary collection
  • open account
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

A letter of credit intended to be paid in the event of the applicant’s default in respect of an obligation owed to the beneficiary.

A

Standby letter of credit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

Modes of payment in trade. (4)

A
  • advance payment
  • document against payment
  • document against acceptance
  • letter of credit
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

Parties to a letter of credit transaction. (6)

A
  • importer
  • exporter
  • issuing bank
  • advising bank
  • confirming bank
  • negotiating bank
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

Classifications of imports. (3)

A
  • freely importable commodities
  • regulated commodities
  • prohibited commodities
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
33
Q

Types of standby LC’s (5)

A
  • performance standby
  • advance payment standby / down-payment bond
  • bid bond / performance bond / warranty bond
  • financial standby
  • counter standby
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
34
Q

A non-profit cooperative organization of banks with the objective to accelerate the process of foreign payments through automation and standardization.

A

SWIFT (society for worldwide interbank financial telecommunications)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
35
Q

Trade finance business model. (3)

A
  • generates fees
  • strengthen profitability
  • natural cross-sell to cash management
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
36
Q

Credit process

A
  • credit evaluation / packaging / proposal
  • approval
  • documentation
  • implementation
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
37
Q

In credit evaluation, it is the gathering of information regarding on the history & profile of the company, its nature and operations and ownership & management.

A

Company analysis

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
38
Q

Primary purpose of credit for business loan. (4)

A
  • working capital
  • refinancing of existing obligation
  • project financing
  • fund sourcing
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
39
Q

These are loans intended to finance the production of goods for export.

A

Export advance line (EAL)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
40
Q

It is a post-shipment facility, where client can get credited for its export proceeds without waiting for its buyer’s payment.

A

Export bills purchase line (EBPL)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
41
Q

Import LCTR is repriced in every what period?

A

90 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
42
Q

How do interest being charged in an RPNL?

A

Charged only on the amounts drawn against the line

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
43
Q

Types of credit according to security

A
  • secured
  • assignment of deposits (back-to-back loans)
  • unsecured credit
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
44
Q

What can be considered as security in a secured lending?(4)

A
  • Real Estate Mortgage
  • Pledge of Government Securities
  • Unconditional Standby LC
  • IFC guarantee
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
45
Q

Chattel mortgage loans can already be considered as secured lending. (T/F)

A

False; only those that are secured with REM, government securities, unconditional standby LC’s and IFC guaranteed.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
46
Q

Are back-to-back loans already considered as fully secured?

A

No

There is still risk from freezing of account when it is under litigation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
47
Q

These are instruments that shall make the duly approved credit facilities be operative.

A

Implementing memo

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
48
Q

Evidences the official/legitimate action of a corporation.

A

Board resolution

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
49
Q

Standard credit documents.(4)

A
  • general loan agreement
  • bills purchase agreement
  • MTL / LTL agreement
  • Promissory note
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
50
Q

It is a formal advice of approved facilities.

A

Facility letter

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
51
Q

LCR for shares of stocks.

A

50%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
52
Q

LCR for government securities.

A

50% - 80%, depending on the maturity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
53
Q

Types of loan transactions.

A
  • availments
  • renewals and extensions
  • repricings
  • payments
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
54
Q

Validity period of approved STL and MTL

A

120 days from date of approval to date of loan release

Other lines are valid only for 90 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
55
Q

Manager’s check can only be used as loan’s mode of release if ____________.

A
  • it is a loan take-out.

- if there’s an approval from the president.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
56
Q

Maximum term for demand PN’s

A

3 months

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
57
Q

Approver for pricing below approved rate or lower than established floor rate of the week and for repricing not more than 90 days.

A

Division head w/ rank of SVP

  • if repricing period is beyond 90 days, the Group Head must approve
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
58
Q

A contract in which the debtor guarantees to the creditor the fulfillment of a principal obligation.

A

Mortgage

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
59
Q

Where shall petition of foreclosure be filed?

A

In the place/municipality where the property is located

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
60
Q

It is a remedy which the property covered by the mortgage may be subjected to sale for the payment of the demand for which the mortgage stands a security.

A

Foreclosure

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
61
Q

In the preparation of loan package or credit proposal, who is responsible in drafting the CO face?

A

Marketing AO

62
Q

Primary purpose of credit for business loan. (4)

A
  • working capital
  • refinancing of existing obligation
  • project financing
  • fund sourcing
63
Q

It is a part of the loan process of knowing the client’s loan purpose, checking its company profile & nature of business, and analyzing its financial capabilities.

A

Credit evaluation

64
Q

It indicates the purpose, powers and lifespan of the company.

A

Articles of incorporation

65
Q

Indicates the official positions in the corporation and their respective functions and powers.

A

By-laws

66
Q

Approver for pricing below approved rate or lower than established floor rate of the week and for repricing not more than 90 days.

A

Division head w/ rank of SVP

  • if repricing period is beyond 90 days, the Group Head must approve
67
Q

In the preparation of loan package or credit proposal, who is responsible in drafting the CO face?

A

Marketing AO

68
Q

In credit evaluation, it is the gathering of information regarding on the history & profile of the company, its nature and operations and ownership & management.

A

Company analysis

69
Q

It is a part of the loan process of knowing the client’s loan purpose, checking its company profile & nature of business, and analyzing its financial capabilities.

A

Credit evaluation

70
Q

How do interest being charged in an RPNL?

A

Charged only on the amounts drawn against the line

71
Q

Types of credit according to security

A
  • secured
  • assignment of deposits (back-to-back loans)
  • unsecured credit
72
Q

LCR for shares of stocks.

A

50%

73
Q

LCR for government securities.

A

50% - 80%, depending on the maturity

74
Q

Validity period of approved STL and MTL

A

120 days from date of approval to date of loan release

Other lines are valid only for 90 days

75
Q

Manager’s check can only be used as loan’s mode of release if ____________.

A
  • it is a loan take-out.

- if there’s an approval from the president.

76
Q

It is a post-shipment facility, where client can get credited for its export proceeds without waiting for its buyer’s payment.

A

Export bills purchase line (EBPL)

77
Q

Import LCTR is repriced in every what period?

A

90 days

78
Q

How do interest being charged in an RPNL?

A

Charged only on the amounts drawn against the line

79
Q

What can be considered as security in a secured lending?(4)

A
  • Real Estate Mortgage
  • Pledge of Government Securities
  • Unconditional Standby LC
  • IFC guarantee
80
Q

Chattel mortgage loans can already be considered as secured lending. (T/F)

A

False; on those that are secured with REM, government securities, unconditional standby LC’s and IFC guaranteed.

81
Q

It indicates the purpose, powers and lifespan of the company.

A

Articles of incorporation

82
Q

Most important portion of a facility letter?

A

Conforme section

83
Q

Types of loan transactions.

A
  • availments
  • renewals and extensions
  • repricings
  • payments
84
Q

Validity period of approved STL and MTL

A

120 days from date of approval to date of loan release

Other lines are valid only for 90 days

85
Q

Manager’s check can only be used as loan’s mode of release if ____________.

A
  • it is a loan take-out.

- if there’s an approval from the president.

86
Q

Maximum term for demand PN’s

A

3 months

87
Q

Approver for pricing below approved rate or lower than established floor rate of the week and for repricing not more than 90 days.

A

Division head w/ rank of SVP

  • if repricing period is beyond 90 days, the Group Head must approve
88
Q

Any unpaid loan amortization or installment shall be classified as past due the day after its due date. (T / F)

A

True

89
Q

This refers to the accounts, whose principal and/or interest are not paid for at least 30 days after due date.

A

Non-performing loan (NPL)

90
Q

Types of remedial action. (4)

A
  • workout via repackaging
  • loan restructuring
  • dacion en pago
  • legal action
91
Q

This refers to the modifying of the existing loan terms and condition, setting a new schedule of payments to facilitate debt servicing.

A

Loan structuring

92
Q

What are the maximum appraised values of the collateral properties for loan structuring that could be serviced by a unibank’s internal appraisers?

A
  • 5M for BPI
  • 1 M for BFB

Beyond the maximum, appraisal from external appraisers are required

93
Q

Required approval for dacion

A
  • CreCom (vice, if below 10M)
94
Q

In what portion of the appraised value of property should only be considered in a dacion?

A

80%

If it exceeds 80%, it is still considered as write-off

95
Q

For write-downs, how much is the maximum principal amount (as a result of a dacion) could be approved by “credit write-off committee”?

A

2M

In excess of the said amount shall be elevated to the president and subject for ExCom or Board approval

96
Q

Amounts and approvers for written-off accounts

A
  • 500K - BFB CreCom
  • 2M - BPI CreCom
  • excess of 2M - ExCom
97
Q

This refers to the properties acquired in order to settle existing loans or obligation.

A

ROPA

98
Q

Manner of acquisition for Real Estate property.

A
  • Extra-judicial foreclosure
  • dacion en pago
  • sum of money and attachment
99
Q

In what manner do you acquire chattel properties?

A
  • sum of money w/ replevin

- voluntary surrender

100
Q

Capital gains tax shall be paid __________.,from the expiration of the redemption ;

A

30 days ;

While documentary OTP shall be paid for 1 yean

101
Q

Mode of disposal of ROPA properties.

A
  • cash sale
  • bank financing
  • sales contract receivables
  • redemption / buy-back
  • others - write off; CARP
102
Q

An account can be considered NPL if;

A
  • it is a past due restructured loan
  • restructured loan which defaulted on any principal or interest payment
  • restructured loans with capitalized interest, which are not fully secured by REM
  • restructured loans with interest lower than the bank’s cost of funds
  • all items in litigation
103
Q

Documents required to implement credit. (8)

A
  • credit offering
  • implementing memo
  • corporate papers
  • signature cards
  • facility letter
  • board resolution
  • loan agreements
  • collateral documents
104
Q

Code 1

A

Minor deficiencies / discrepancies (market Head / team head)

  • specimen signature card to follow
  • insurance policy not endorsed in favor of bank
  • current RETR not on file
105
Q

Code II

A

Material deficiencies / discrepancies (Team Head + Division Head)

  • release of collateral prior to check clearing
  • lien not yet annotated
  • insurance policy to follow
  • insurance policy expired
  • facility letter for renewal, extension, increase/decrease of credit facilities not signed by sureties/guarantors
  • & not signed by 3rd party mortgagor(subject for approval by at least GROUP HEAD)
106
Q

Code III

A

Non-negotiable deficiencies (cannot be implemented without the approval of the President)

  • no corporate papers
  • no board resolution/authorization to borrow/enter into a lease contract or board resolution submitted is defective
  • increase in availment of lines with existing past due
  • no collateral/security documents
107
Q

Types of contract (5)

A
  • accessory
  • consensual
  • preparatory
  • principal
  • real
108
Q

Characteristics of a contract (4)

A
  • freedom of parties
  • relativity
  • obligatory force
  • equality of parties
109
Q

Life stages of a contract (3)

A
  • generation
  • perfection
  • consummation
110
Q

Elements of a contract (3)

A
  • essential
  • natural
  • accidental
111
Q

Parts of contracts (7)

A
  • parties
  • whereas clauses
  • dispositive portion
  • signatories
  • testimonium clause
  • acknowledgement
  • jurat
112
Q

Genereal documents required for pre-processing in a corporate account

A
  • implementing memo
  • instruction sheet
  • board resolution
  • PN
  • specimen signature of borrower
  • deficiency report from corporate credit facility management
113
Q

Documents for credit origination

A
  • credit offering
  • offering memo
  • implementing memo
114
Q

This refers to the document presented to the approvers, where credit proposals are presented.

A

Credit offering

115
Q

Refers to the document that is subject for approval, when some details of an already approved credit are changed, added or reduced..

A

Offering memo

116
Q

Used when an approved facility is availed, paid etc.

A

Instruction sheet

117
Q

Necessary fields to be filled out for customer creation in SICL (BSP requirement)

A
  • facility & amount
  • interest rate
  • security
  • facility expiry
  • others
118
Q

Basic functions of loan implementation and administration.

A
  • customer set-up and line creation

- deficiency reporting

119
Q

Maximum term for renewed RPNL

A

180 days

Any deviation is subject for approval of from at least crecom vice chairman

120
Q

What are the items that should be indicated in PN’s disclosure statement?

A
  • PN amount
  • interest rate
  • authorized signatories
  • PN maturity date
  • other terms & conditions
121
Q

What are the mode of releases for loans?

A
  • SICL batch credit
  • manual credit to deposit account using BUDS tellering system
  • manager’s check
  • debit-credit authority to treasury
122
Q

Who are considered as “large borrowers”?

A

Those who have audited asset base of more than 100M

123
Q

Asset base up to 100M including micro-borrowers w/ asset size up to 3M

A

SME borrowers

124
Q

Loans vs assignment of deposits using SPA are allowed subject for

A
  • approval from regional head
  • endorsing branch must authenticate SPA & signature of depositors/assignor
  • signing of PN shall be personally witnessed by at least 1 officer where deposit is lodged
  • if SPA used is not BPI standard, clearance from BPI legal services division is needed.
125
Q

What are the requisites when deposits owned by a 3rd party corporation, be used as security to a loan?

A

Submission of board & stockholders’ resolution authorizing the company to assign its deposits & secure loans of borrower

126
Q

“In trust for” accounts are allowed to secure loans. (T/F)

A

False

  • not allowed to secure loan w/o proper court approval, since deposit is technically owned by a third party.
127
Q

Are clients allowed to avail a loan (secured by deposits) equal to its deposit amount?

A

Yes, provided that interest of the loan is paid in advance.

  • normally maximum loan value for loans secured by deposit is only 90%
128
Q

Deposits under “drawn against uncollected deposits” are not allowed to secure loans. (T/F)

A

True

129
Q

What is the maximum tenor for FCDU loans secured by FCDU deposits?

A

365 days

130
Q

Those in the execution of w/c a public official takes part.

A

Official documents

131
Q

What is the minimum loan amount for loans secured by deposits?

A
  • Php500K or $10k
132
Q

Do we accept FCDU deposits as security for a peso loan?

A

Yes

  • conversion rate should be the buying rate on the date that the loan is approved or granted
133
Q

What is the maximum loan amount If assignment of LC is used as security?

A

80% of assigned LC

134
Q

Rules on renewals and extensions for RPNL . (7)

A
  • term shall not exceed 1 year
  • each extension period shall not exceed the original term
  • maximum number of extension should not exceed 6 times
  • extended PN’s shall not exceed 180 days
  • any extension of Pn’s shall be subject for CreCom approval
  • all terms & conditions shall remain unchanged
  • extension of PN’s w/ periodic payments shall not be allowed
135
Q

Stages in the life of a contract. (3)

A
  • generation
  • perfection
  • consummation
136
Q

What are the classes of contract?(5)

A
  • accessory
  • consensual
  • preparatory
  • principal
  • real
137
Q

It is a class of contract, made for the purpose of assuring the performance of a prior contract.

A

Accessory

138
Q

A contract’s characteristic, states that agreement is limited only to the parties involved.

A

Relativity of a contract

139
Q

Characteristics of a contract (4)

A
  • freedom of both parties to contract
  • relativity of contract
  • obligatory force of contract
  • equality of parties in a contract
140
Q

Refers to the characteristic of a contract, that if it is perfected, it should be enforceable.

A

Obligatory force of contract

141
Q

What are the parts of a contract? (7)

A
  • parties
  • whereas clause
  • dispositive portion
  • testimonium clause
  • signatories
  • acknowledgement
  • jurat
142
Q

These are presumed to be present in a contract unless s contrary has been stipulated.

A

Natural elements of a contract

143
Q

These are stipulations in a contract that are agreed upon by both parties.

A

Accidental elements

144
Q

Without w/c a contract can nit exist.

Ex. Consent of both parties, subject matter & cause or consideration

A

Essential elements

145
Q

Refers to a person, assigned to represent in behalf of the principal, to enter into a contract.

A

Attorney-in-fact

146
Q

Name the 4 categories of securities

A
  • guarantee or general credit of a third party person
  • properties
  • those that can not create lien
  • others
147
Q

Securities under “guarantee or general credit of a third party”

A
  • suretyship
  • co-maker
  • continuing guarantee
  • subordination agreement
  • standby LC
148
Q

What are those securities stemmed from properties or things? (3)

A
  • real estate mortgage
  • chattel mortgage
  • pledge
149
Q

What are the securities that do not create lien?(3)

A
  • deposits subject to assignment
  • deposits subject to hold-out
  • items/goods covered by trust receipts
150
Q

Principal loan documents.

A
  • PN
  • loan agreement
  • credit agreement
151
Q

Collaterals

A
  • suretyship
  • co-maker
  • subordination agreement
  • continuing guarantee agreement
  • standby LC
  • real estate mortgage
  • chattel mortgage
  • pledge
  • hold-out of deposit
  • assignment of deposit
  • goods/items covered by trust receipts
  • assignment of insurance
  • letter of comfort/awareness/support
  • negative pledges
152
Q

Trade finance business model

A
  • generates fees
  • strengthen profitability
  • natural cross-selling to cash management

Credit Policy Standards (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions