Universal Bank is a bank or a financial institution that has the legal authority to offer all financial services and may, thus, be engaged in securities dealing, insurance, underwriting, and the full range of more traditional banking services.
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- Risk Adjusted Discounted rate (RADR)
An integrated rate by increasing discounted rate to adjust risk in more risky project.
- Bid Rate or buying rate
Bid Rate is the exchange rate at which foreign exchange dealers are prepared to buy foreign exchange in the market from other dealers
- Vostro Account
Vostro Account is a bank account held by a foreign correspondent of the local bank with that bank, in the local currency.
- Bank Debits
Bank Debits are the sum of the value of all cheques and other instruments charged against the deposited funds of a bank’s customer.
- Controlled disbursement accounts
These checking accounts are debited early each day so corporations can get an early insight into their cash positions.
- Funds Concentration
Fund concentration means redirection of funds from accounts in large number of different banks......
- International Bonds
International bonds are debt securities issued by foreign companies or governments and sold domestically.International bonds are typically classified as either foreign bonds or Euro-bonds. A foreign bond is issued by a borrower foreign to the country where the bond is placed.