Trade Finance and Letters of Credit Overview

by Alex - July 17, 2018July 17, 20180

Introduction to Letters of Credit Since the inception of international trade, the need for risk minimization of the transaction for both buyer and seller has been paramount. Letters of credit have been used for a long time to accomplish that purpose by facilitating payments in the form of guarantee. As LCs

Types of Revolving Loans

by Alex - June 20, 2018June 23, 20180

What is a Revolving Loan? Revolvers are some of the most common loan products available from commercial banking and corporate banking. Most people are familiar with the concept of a regular loan. The borrower takes out a fixed amount of money (the loan principal) that must be paid off along with the

Common Negative Covenants for Corporate Banking (and Bonds) and CoC

by Alex - June 3, 2018June 3, 20180

What are Covenants in a Loan Agreement or Bond Indenture? In the most basic sense, a covenant is an agreement between two or more parties, where one party makes a solemn promise to refrain from or to engage in a specific activity. In the banking (financial) world, a covenant in a formal

Interview with: Real Estate Commercial Banking VP

by Karl - February 10, 2018February 19, 20180

What candidates do commercial banks hire for in terms of degree and grades? I would say that the commercial banking sector assesses candidates from a fairly diverse background in terms of undergraduate degrees. That being said, a deeper understanding of business concepts, economics, accounting, and/or mathematics goes a long way in

Commercial Banking

Commercial Banking Overview Commercial banking is the business of offering deposit and credit (lending services) products to small, medium and large enterprises. Commercial banking divisions are set-up differently at each of the Canadian banks. Junior roles are either credit related, sales related or a combination of the two roles. Deposit taking is

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