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Fund Based Limit is a limit in which the Co. is getting money actually(Cash). eg:
Cash Credit
Term Loan
Non Fund Base limit bank make payment on behalf of company. eg:
Bank Guarantee
Packing Credit
Letter of Credit
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What is fund-based exposure?
Fund-based exposure is actual lending from public banks. Non-fund based exposure is credit extended by private banks with no actual lending.
What is fund based exposure?
Fund-based exposure is actual lending from public banks. Non-fund based exposure is credit extended by private banks with no actual lending.
What are fund based limits?
Fund Based Limit is a limit in which the Co is getting money actually(Cash). whereas in non-fund base limit bank make payment on behalf of company. Fund Base Limit: Cash Credit Term Loan Non-Fund Base Limit: Bank Gurantee Packing Credit Letter of Credit
What is the difference between fund based and non fund bases financing?
NON FUND Base financing No outlay of funds (i.e transaction of funds is not involve), here Assurance is given by bank; if the principal party defaults the bank is liable to pay to beneficiary, Banks earn Commission through this, it is a Contingent Liability(it may or may not arise) for bank.FUND Base financing transaction of funds involve, Banks earn Interest through this, it is the Liability for the bank
What is CISLA in Bank?
CISLA stands for "Customer Information System for Loans and Advances".It is used by banks to capture the details of data related to advances for a customer viz. Investment in Plant & Machinery, Term Loan Limit, Working Capital limit, Lead Bank Code, Non Fund Fincance Limit, Cancellability of Limits.MISLA is another tool and it stands for "Management Information System for Loans and Advances".
What is non fund based accounting?
nothing
What is fund-based exposure?
Fund-based exposure is actual lending from public banks. Non-fund based exposure is credit extended by private banks with no actual lending.
What is fund based exposure?
Fund-based exposure is actual lending from public banks. Non-fund based exposure is credit extended by private banks with no actual lending.
What are non-fund based financial services?
Letter of CreditBank Guarantee
What are fund based limits?
Fund Based Limit is a limit in which the Co is getting money actually(Cash). whereas in non-fund base limit bank make payment on behalf of company. Fund Base Limit: Cash Credit Term Loan Non-Fund Base Limit: Bank Gurantee Packing Credit Letter of Credit
Is pension fund a current liability or non current liability?
A pension fund is considered a non-current asset but it is a long term investment fund .
What is the difference between fund based and non fund bases financing?
NON FUND Base financing No outlay of funds (i.e transaction of funds is not involve), here Assurance is given by bank; if the principal party defaults the bank is liable to pay to beneficiary, Banks earn Commission through this, it is a Contingent Liability(it may or may not arise) for bank.FUND Base financing transaction of funds involve, Banks earn Interest through this, it is the Liability for the bank
What is CISLA in Bank?
CISLA stands for "Customer Information System for Loans and Advances".It is used by banks to capture the details of data related to advances for a customer viz. Investment in Plant & Machinery, Term Loan Limit, Working Capital limit, Lead Bank Code, Non Fund Fincance Limit, Cancellability of Limits.MISLA is another tool and it stands for "Management Information System for Loans and Advances".
What are Non fund based limit?
The credit facilities given by the banks where actual bank funds are not involved are termed as 'non‑fund based facilities'. These facilities are divided in three broad categories as under: q Letters of credit q Guarantees q Co‑acceptance of‑bills/deferred payment guarantees. Units for the above facilities are also simultaneously sanctioned by banks while sanctioning other fund based credit limits like Cash Credit & Term Loan.
Difference between funded and non-funded credit facilities?
fund based facilities includes cash credites, bill discounting, overdraft and term loan
How would the industry that made the Xbox 360 be different without technology?
Non-existent. It is all computer based and results of technological advances over the past several years.
Meaning of Fee based and fund based financial services?
Fee based financial services charge a fee to the person using their services. Fund based financial services retained a certain portion of the equities purchased.
