Legal risk and Presenting bank: Difference between pages

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imported>Doug Williamson
(Linked to The Treasurers Handbook - Guide to risk management)
 
imported>Doug Williamson
(Classify page.)
 
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1.
A bank which presents a negotiable instrument or other documentation for acceptance or payment.
 
The risk that transactions or business relationships may have unforeseen adverse legal consequences. 
 
For example, giving rise to additional costs or to the inability to enforce legal rights.
 
 
2.
 
The risk that the administration of legal matters may be more costly - or otherwise more burdensome - than foreseen.
 
Legal risk may arise from existing laws and practice, or from changes in relevant laws and practice.




== See also ==
== See also ==
* [[Risk]]
* [[Negotiable instrument]]
* [[Guide to risk management]]
* [[Presentment]]


[[Category:Compliance_and_audit]]
[[Category:Cash_management]]
[[Category:Financial_risk_management]]
[[Category:Liquidity_management]]

Latest revision as of 07:12, 2 July 2022

A bank which presents a negotiable instrument or other documentation for acceptance or payment.


See also

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