Policy and Standby letter of credit: Difference between pages

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1. ''Corporate treasury.''
(SLOC).


Abbreviation for treasury policy.
A type of letter of credit:
*Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
*Drawn upon only in the event of non-performance.




2.
== See also ==
* [[Advance payment guarantee]]
* [[Contingent liabilities]]
* [[Letter of credit]]
* [[Off balance sheet risk]]


High level and longer term planning.
[[Category:Long_term_funding]]
 
Policies are generally formalised in approprirate documentation.
 
 
3. ''Insurance''.
 
A written contract of insurance.
 
 
==See also==
* [[Competition policy]]
* [[Contract]]
* [[Financial Policy Committee]]
* [[Monetary policy]]
* [[Pensions Policy Institute]]
* [[Risk policy]]
* [[Treasury policy]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:Technology]]
[[Category:Trade_finance]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 18:48, 11 November 2016

(SLOC).

A type of letter of credit:

  • Issued to ensure the financial performance of a bank’s customer to a third party beneficiary; and
  • Drawn upon only in the event of non-performance.


See also