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
Commercial Banking
Types of Revolving Loans
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
Interview with: Real Estate Commercial Banking VP
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
Corporate Banking Deals and Transactions
Written by a corporate banker at a major North American bank What keeps corporate and commercial bankers busy when they are not doing annual reviews? Deals! Servicing a portfolio encompasses a variety of loan transactions, which are outlined below: New Debt/Credit Facility These are the most exciting transactions for corporate and commercial bankers. New