0
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
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 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
Difference between funded and non-funded credit facilities?
fund based facilities includes cash credites, bill discounting, overdraft and term loan
What are prefixes for limit?
Some prefixes for limit include "re-" (e.g. restraints on limit), "non-" (e.g. non-limiting factors), and "un-" (e.g. unlimited potential).
