IDENTIFYING GENUINE BANK INSTRUMENT AND
Description
IDENTIFYING GENUINE BANK INSTRUMENT AND LOAN PROVIDERS.WHAT ARE BANK INSTRUMENTS OR FINANCIAL INSTRUMENTS?
Bank instruments or financial instruments are assets with monetary values which are backed by contracts. Bank instruments are issued by issuer banks based on mutual agreement between providers and receivers. In fact, they are used for financial transactions.
There are two types of bank instruments which are cash bank instruments and derivative bank instruments. Bank instruments can be categorized into equity bank instruments, debt bank instruments and forex currency exchange bank instruments.
Bank instruments are very useful for trade finance, project finance, credit enhancement, etc. These bank instruments serve as collateral and credit lines in financing various projects and fi
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