Bank Guarantee

Showing posts with label letter of credit. Show all posts
Showing posts with label letter of credit. Show all posts

Wednesday 1 April 2015

Agreement laws related to Bank guarantee & letter of credit

Coming to the problem of allow of injunction against invocation of Bank guarantee Assurance, the Hon'ble Superior Judge has frozen the law regarding invocation/encashment of letter of Credit score and Bank Guarantee Assurance in its pronouncements such that it confesses of no discussion or question. As far back as in 1970, the Judge had in Tara pore and Co., Madras –vs- V.O Vehicles Export Moscow, AIR 1970 SC 891 ornately and perspicuously described the opportunity and ambit of legal disturbance in issues concerning Letter of Credit score and Bank Guarantee Assures in these words—
letter of credit
Letter of credit & Bank Guarantee 

Laws related to L/C & Bank Guarantee
The opportunity of an irrevocable letter of credit score is described thus in Halsbury's Laws and regulations of Britain (Vol.34, Passage 319 at page 185): ―It is often made a condition of a mercantile contract that the customer shall pay for the products by means of a verified letter of credit score, and it is then the duty of the customer to obtain his financial institution, known as the providing or coming financial institution, to issue an permanent credit score in favor of the supplier by which the lender performs to the supplier, either directly or through another financial institution in the vendor's country known as the reporter or discussing financial institution, to accept writes attracted upon it for the price of the products, against soft by the supplier of the shipping records
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The contract relationship between the issuing financial institution and the customer known as the Bank Guarantee is determined by the terms of the contract between them under which the correspondence starting the money score is issued; and as between the supplier and the lender, the issue of the money score properly informed to the supplier makes a new contract nexus and provides the lender directly responsible to the supplier to pay the sticker price or to accept the bill of exchange upon soft of the records.

The agreement thus created between the supplier and the lender is individual from, although additional to, the unique agreement between the customer and the supplier, by reason of the lender's challenge to the supplier, which is overall. Thus the lender is not eligible to depend upon terms of the agreement between the customer and the supplier which might permit the customer to decline the products and to reject payment therefore; and, on the other hand, the customer is not eligible to an injunction discipline the supplier from working with the correspondence of credit if the products are faulty.

Friday 26 September 2014

Investing Banking Training Service Provider

If you’re not in the investment banking field – but you’d like to be – you have plenty of options when it comes investment banking training when banks hire people, they look for those with the right skills – and you can gain these skills by going through the appropriate training program and learning as much as you can on your own.


Banking and Corporate Training
Banking and Corporate Training
Here are the types of skills you need for the field:


  • Financial Modeling
  • Microsoft Excel and PowerPoint
  • Valuation
  • Accounting
  • M&A and LBO Modeling

To get interviews and land job offers, you need to know something about the skills above – not only because they’re what you use on the job, but also because your competition will certainly be up to speed on them. Industry-specific skills acquired through investment banking training can also be valuable. For example, many successful investment bankers made themselves attractive to recruiters by gaining expertise in the following types of valuation and modeling:

  • Real Estate Development
  • Real Estate Investment Trusts 
  • Oil & Gas
  • Banks &Financial Institution

If you've attended a prestigious university for undergraduate or graduate / MBA studies then you have two advantages. First, you could have organized your education around gaining the requisite knowledge and skills. Second, top-tier investment banks probably recruited at your university. Thankfully, getting this training is massively less expensive than four years at an Ivy League school followed by two years in graduate school. There are several ways that would-be investment bankers gain the skills they need through investment banking training.

  • Books
  • Offline Courses and Classroom Training Programs
  • Distance Learning
  • Online Courses
We’re going to focus on online courses here as these are increasingly popular – they combine the interactivity of classroom sessions with the ability to go at your own pace and study what you want, all for a great price. What should you consider when looking at online courses? This is the most important factor for your success, because if the material isn't up to par you won’t improve your chances of NumeroUno the industry. At NumeroUno banking training we have focused on the content above all else. That’s why we don’t do offline courses, classroom training or anything like that – we’d rather focus on the online experience and make it great.