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Showing posts with label Financial Services. Show all posts
Showing posts with label Financial Services. Show all posts

Tuesday, 14 April 2020

April 14, 2020

What is Commercial Paper ? | Easy Concepts

What is Commercial Paper ? 

What is Commercial Paper ?

What is Commercial Paper ? 



A commercial paper is a short-term negotiable money market instrument. It has the character of an unsecured promissory note with a fixed maturity of 3 to 6 months. Banking and non banking companies can issue this for raising their short term debt. it also carries an attractive rate of interest. Commercial papers are sold at a discount from their face value and redeemed at their face value. Since its denomination is very high, it is suitable only to institutions investors and companies 

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Sunday, 12 April 2020

April 12, 2020

LOC : Lines of Credit

LOC : Lines of Credit

It is an innovative funding mechanism for the import of goods and services on deferred payment terms. LOC is an arrangement of a financing institution or bank of one country with another institution or bank or agent to support the export of goods and services so as to enable the importers to import on deferred payment terms. This may be backed by a guarantee furnished by the institution or bank in the importing country.

LOC : Lines of Credit

LOC : Lines of Credit

The LOC helps the exporters to get payment immediately as soon as the goods are shipped, since, the funds would be paid out of the pool account with the financing agency and it would be debited to the account of the borrower agency or importer whose contract for availing the facility is already approved by the financing agency on the recommendation of the oversease institution. it acts a conduct of financing which is for a certain period and on certain terms for the required goods to be imported. The greatest advantage is that it saves a lot of time and money on mutual verification of bonafides, souces of finance etc. It serves as a source of forex.   

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April 12, 2020

What is Financial Services ? | Meaning of Financial Services | Easy Concept

What is Financial Services ? | Meaning of Financial Services | Easy Concept


In general, all types of activities which are of a financial nature could be brought under the term Financial services'. The term 'Financial Services' in a broad sense means 'Mobilizing and allocating savings'. Thus, it includes all activities involved in the transformation of saving into investment.

What is Financial Services ? | Meaning of Financial Services | Easy Concept

What is Financial Services ? | Meaning of Financial Services | Easy Concept




The 'Financial Services' can also be called 'Financial intermediation'. Financial intermediation is a process by which funds are mobilized from a large number of savers and make them available to all those who are in need of it and particularly to corporate customers. Thus financial services sector is a key area and it is very vital for industrial development. A well developed financial services industry is absolutely necessary to mobilize the saving and to allocate them to various investable channels and thereby to promote industrial development in a country. 


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