Asked in Money Management, Loans, Economics
What IMF fund was created to provide loans to poor member countries?
The IMF has created various loan facilities such as the Trust Fund to provide loans to its poorest member countries. ...
What are the Credit facilities provided by the commercial bank?
One credit facility provided by the commercial bank is revolving credit. Also included are term loans and letters of credit. ...
Asked in Economics
How did IMF acquire gold?
The IMF acquired the majority of its gold holdings prior to the Second Amendment through four main types of transactions. First, when the IMF was founded in 1944 it was decided that 25 percent of initial quota subscriptions and subsequent quota increases were to be paid in gold. This represents the largest source of the IMF's gold. Second, all payments of charges (interest on member countries' use of IMF credit) were normally made in gold. Third, a member wishing to acquire the currency...
Asked in Business & Finance, Banking, Money Management
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. ...
Asked in Credit
Can I use it as a collateral for credit facilities?
Yes, most banks in Indonesia allow you to use the time deposit as a collateral for credit facilities or secured overdraft. Infact they offer great interest rates that can be extended automatically along with the principal. ...
What do you mean by retail credit?
A financing method which provides loan services to retail consumers for goods and services. Retail credit facilities lend funds to consumers wishing to purchase high ticket items but are short on capital. Thus, retail credit facilities may enable a greater number of consumers access to a retailer's goods. Retail credit facilities give the option of consuming now or consuming in the future. Higher interest rates may be acceptable to some consumers, depending on the consumers' unique consumption utilities. The risk of default is...
Is Standby Letter of Credit always cash backed?
no, we can issue standby letter of credit to clients with such credit facilities. although it may be backed with trust receipt depending on the credit standing of the client. cbctsdp trainee ...
The capital of IMF is made up by contribution of the?
The capital of IMF is made up of
Asked in Mutual Funds
Difference between funded and non-funded credit facilities?
fund based facilities includes cash credites, bill discounting, overdraft and term loan ...
Asked in Economics, Acronyms & Abbreviations
What does the acronym or abbreviation IMF stand for?
The acronym IMF stands for the International Monetary Fund.