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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.
What else can I help you with?
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 are fund based and non fund based advances?
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
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.
Is purchase bill discounting is Fund based Limit?
I think it is a fund based facility since the bank pays in advance to the exporter against the bills discounted which the bank will present to importer's bank once they come bue.
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 are fund based and non fund based advances?
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
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 is operation and maintenance army funds spending limit?
In the U.S. Army, the spending limit for operation and maintenance (O&M) funds generally varies based on the specific budgetary guidelines and the nature of the expenditures. For non-appropriated fund expenditures, the limit can be around $250,000, while for appropriated fund expenditures, the limit may differ based on the type of contract or procurement involved. It's important to consult specific Army regulations or budgetary directives for precise thresholds, as these can change annually or with different funding cycles.
Is purchase bill discounting is Fund based Limit?
I think it is a fund based facility since the bank pays in advance to the exporter against the bills discounted which the bank will present to importer's bank once they come bue.
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 are the characteristics of an imprest fund?
An imprest fund is a fixed cash amount used for small, routine expenses, ensuring efficient cash management. Key characteristics include a set limit that is replenished periodically, often based on receipts submitted for expenditures. The fund is typically managed by a designated custodian who ensures that spending stays within the predetermined limit. When the fund is depleted, it is replenished to the original amount, maintaining a consistent cash balance.
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
The limit on maximum entry or exit load that a fund can charge is determined by the?
AMFI
