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blue screen is a term used by banks, generally used in large sales between buyer and seller in assisting in moving of funds. ex. buyer proves they have the funds necessary to complete transaction through there banker and a code, seller proves they have there product through there banker and codes. once contracts are signed both bankers exchange codes verify funds and products and open a account in the name of the seller and BANG! transaction complete....

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What is a blue screen transaction in banking?

Blue screen is a method of closing trade deals such as commodities. In this business, lots of people try to use your banking information and purchase the item you want or obtain a line of credit. Blue screen allows the buyer and the seller to view the other's information. The seller shows his proof of the item (which is usually worth a lot of money and secured in a bank) while the buyer shows his proof of money. It is just a more secure way to gather this information with blue screen. A log in and pin number is needed to complete this transaction.


What is the meaning of cheque discounting?

Cheque Discounting is providing a post dated cheque to a bank by its customer which amounts to the short term loan taken from the bank and the interest charged by the bank.


What bank can perform a interbank transaction grey screen?

Interbank transactions typically occur between established financial institutions, and the term "grey screen" usually refers to a specific type of trading or transaction that is not publicly visible. Major banks that provide interbank services, such as JPMorgan Chase, Bank of America, and Citigroup, can facilitate these transactions. Additionally, specialized platforms like SWIFT may be used for secure interbank communications. It's essential to consult with the specific bank or financial institution for their capabilities regarding grey screen transactions.


What does take it to the bank mean?

It means you can count on it or bank on it - it's a play on the term bank.


What are the advantages and disadvantages of bank term loan?

In bank term loan, the firm can utilise the fund for long term projects,spanning even few years, thus fulfilling its futre growth. Whereas the rate of interest in bank term loan is bit in the higher side and sometimes remains unattractive to firms vying for bank loans.

Related Questions

What is meant by the term safe bank?

Safe bank is a term to ensure that money in one bank is safe. The term safe bank can be related to the FDIC. Both of these terms have the same meaning.


What is the medical terminology combining form meaning blue?

Cyanotic is the medical term meaning "blue."


What is a blue screen transaction in banking?

Blue screen is a method of closing trade deals such as commodities. In this business, lots of people try to use your banking information and purchase the item you want or obtain a line of credit. Blue screen allows the buyer and the seller to view the other's information. The seller shows his proof of the item (which is usually worth a lot of money and secured in a bank) while the buyer shows his proof of money. It is just a more secure way to gather this information with blue screen. A log in and pin number is needed to complete this transaction.


What is the meaning of the term 'bank capital'?

"Bank capital" is the net worth of the bank, or its value to investors. It includes retained earnings, reserves, hybrid capital instruments, subordinated term debt.


What is the medical term meaning grey-blue tinge to your skin when ill?

anaemia?


What is the term for cyanotic?

Cyanotic is a medical term meaning blue discoloration due to low oxygen levels in the tissues.


What is the medical term meaning abnormal condition in which the extremities are blue?

Peripheral cyanosis is a medical term for the condition of blue extremities.


What is the meaning of the term 'banking online'?

It means what is says - accessing you bank account via the Internet.


What is the meaning of the term 'chargebacks'?

The meaning of the term 'chargebacks' is usually when a customer get a return of their funds which is normally done by the customers own bank. It can also be used if there has been fraudulent use on your account.


What does Blue screen mean?

Basically 'Blue Screen' is a computer term used when your computer fails due to a system error. Microsoft Windows operating systems famously have a blue screen that informs the user of an error. Often times it results in a serious error that signals a major hardware or software problem. Blue Screen errors (Also known as bug checks)occur when the system encounters a condition that compromises safe operations.


What is the meaning of cheque discounting?

Cheque Discounting is providing a post dated cheque to a bank by its customer which amounts to the short term loan taken from the bank and the interest charged by the bank.


What three color make white on tv and computer screen?

Red, Green & Blue.... Hence the term 'RGB monitor'.