Receivables turnover and Standby letter of credit: Difference between pages

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imported>Doug Williamson
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imported>P.F.cowdell@shu.ac.uk
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An example of an ''activity ratio'' or ''management efficiency ratio''.
A type of letter of credit issued to ensure the financial performance of a bank’s customer to a third party beneficiary and is drawn upon only in the event of non-performance.


The receivables turnover ratio indicates the number of times receivables are completely replaced in a year. 


== See also ==
* [[Letter of credit]]


It is calculated as:
[[Category:Long_term_funding]]
 
[[Category:Trade_finance]]
Sales / receivables
[[Category:Manage_risks]]
 
[[Category:Risk_frameworks]]
 
== See also ==
* [[Activity ratio]]
* [[Efficiency ratio]]
* [[Receivables]]
* [[Turnover]]

Revision as of 20:25, 17 August 2014

A type of letter of credit issued to ensure the financial performance of a bank’s customer to a third party beneficiary and is drawn upon only in the event of non-performance.


See also