Список вопросов базы знаний

Choose the right preposition: When the Borrower fails to pay ___ the due date any sum, which is expressed to be due and payable hereunder (unless such failure is due solely to technical reasons and does not last for a period

Choose three possible answers: A bank loan is an advance of a ___ sum of money to an individual or business (the borrower) by a commercial bank, saving bank, finance house, building society or another financial institution (the lender)

Choose three possible answers: A bank loan may take the form оf overdraft facilities, under which the customers or borrowers can borrow as much money, as they ___ up to a pre-arranged tots limit and are charged interest on outstanding balances

Choose three possible answers: A loan agreement stars with a preamble, then very detailed articles of the agreement come, and finally a few annexes are given, as a rule. In 1999 the Bank continued crediting its clients, both legal entities and individuals

Choose three possible answers: A seller may have packed and ___ goods to a port, and if the buyer cancels the credit, the seller may lose a lot of money

Choose three possible answers: Bank loans are used to finance working capital requirements and are often renegotiated ___ before expiring, to provide the borrower with a “revolving” line оf credit

Choose three possible answers: Bank loans may be unsecured or secured, the latter requiring the borrower to deposit with the bank collateral security (e. g title deeds to a house) to cover against default on the loan. The lender may ___ this security in the event of the default

Choose three possible answers: If the seller ___ a Bill of Exchange, he will do so against acceptance (that is he will surrender the documents, only if the bank accepts responsibility for the payment of the amount and credit on the Bill of Exchange)

Choose three possible answers: If there is an agreement between the seller and the buyer, a Bill of Exchange (or Draft) can be accepted by the agent bank. This Bill of Exchange can be for 30, 60, 90 days, and gives the buyer ___ for a short time

Choose three possible answers: Most sellers request an ‘irrevocable’ Letter of Credit. This ___, that it cannot be cancelled by the buyer. This is necessary for many reasons

Choose three possible answers: The agent bank writes to the seller, informing him that a Letter of Credit has been issued in his favour. The Letter of Credit is now ‘confirmed’, that is, a bank in the seller’s country provides the ___ for the seller

Choose three possible answers: The Bank preserved its well-weighed approach towards defining the priorities of its credit policy, the main objective of which was to improve the quality of the loan portfolio and minimize the ___ risks

Choose three possible answers: The buyer’s bank writes to its agent in the seller’s country, giving instructions about the amount of the credit, the beneficiary, the currency, the documents required, and other ___ instructions. The seller hands in the documents against payment. (The bank will not issue the credit unless the shipping documents are presented.)

Choose three possible answers: The seller and buyer agree between themselves on the currency to be used for payment. Usually, it is in the ___ of the seller’s country. The Letter of Credit then states the currency, which must be used for the payment of the credit

Choose three possible answers: It is a form of credit, which is ___ for a specified period of time, usually on fixed-rate term, related to the base interest rate. The principal is usually repaid either on a regular installment basis or in full on the appoint redemption date

Choose three possible answers: It is called documentary, when the seller must ___ the shipping documents to the bank before he receives the credit, or before the bank accepts his draft. In this case, we say payment is against documents

Choose three possible answers: So, when a bank makes a loan, it is ___ about whether the loan will be repaid. Low-risk borrowers default on their debts, only for reasons beyond their contro

Choose three possible answers: Such banks use various signals to ___ between low-risk and high-risk borrowers and very often they ration or limit loans to amounts below those demanded. In the case of individual borrowers banks use such signals as length of time in a job, ownership of a home, marital status, age

Choose three possible answers: The bank will use such signals as reliability of the firm, its credit-worthiness, the ___ of the loan, the real value of the project, its recuperation period and many other factors, before it makes a decision, if the loan should be provided

Choose three possible answers: They take excessive risks with the ___ they borrow and frequently default or their loans. But banks have no sure way of knowing whether they are lending to a low-risk or a high-risk borrower

Choose two possible answers: So, it includes a promise to repay any part of the amount due against the written order of the customer …to the bank at the branch, and as such written orders may be outstanding in the ordinary course of business for two or three days, it is a term of the contract that the bank will not cease to do business with the customer except upon the reasonable notice.

Choose two possible answers: . The volume of the currency loans in 1999 equaled about $ 4.8 million. In the total amount of the issued loans legal entities ___ 386.9 million rubles. Unlike in 1998, in 1999 the majority of the loans, 285.8 million rubles, were issued in rubles

Choose two possible answers: Along with crediting legal entities, the Bank granted consumer loans to individuals: within a year loans for a total amount of 26.9 million rubles were …

Choose two possible answers: Disbursement of the Loan shall be made by the Lender by telegraphic ___ before 12:00 noon, London time on the dates in accordance with Article 9. 3, hereinafter called “the Drawdown Dates”, in immediately available funds in United States Dollars to the bank account of the Seller

Choose two possible answers: In the… of the comprehensive client service, the Bank, together with issuing loans to employees, also transferred their salaries to their deposit accounts

Choose two possible answers: In view of the 1998 crisis and the grown risks, in 1999 the Bank paid special ___ to one of the principal crediting terms, i.e. the return of the loans issued. While examining the loan projects, high requirements were put forward as regards the financial condition of the borrower and the loan support quality

Choose two possible answers: Loans were ___ offered under liquid security in the form of shares of enterprises, state securities, bills of industrial enterprises, the Bank’s own bills, commodities and property of the borrowers

Choose two possible answers: Priority for crediting was given to corporate clients, with whom the Bank had long-term mutually beneficial relations. Loans were issued only to very creditable clients and only in such cases when the return of the loan was …

Choose two possible answers: The Bank used the modern financial condition analysis methods for the borrowers - legal entities and individuals, and the decisions about all the credit projects were taken at the meetings of the Bank Credit Committee

Choose two possible answers: The loan application consideration included comprehensive ___ of the payback of credit projects, financial condition, management quality and business image of the borrowers

Choose two possible answers: The loan monitoring and tracking operations were made more actively, and the Bank employees were constantly controlling the financial ___ of the borrowers, the availability and preservation of the deposits

Choose two possible answers: The loan periods ___ between two weeks and one year. The Bank did not offer investment loans

Choose two possible answers: This agreement is dated as of October llth, 1995 and is between the Russbank of Russia, a juridical person organized and existing under the laws of Russia, hereinafter referred to as “the Borrower”, and Nisso Iwa (UK) Limited a corporation organized and existing under the laws of England, hereinafter ___ as “the Lender”

Choose two possible answers: Trade enterprises with relatively quick capital turnovers prevailed among the borrowers, but loans were also ___ to industrial enterprises and organizations

Choose two possible answers: When issuing loans to individuals, the Bank still gave ___ to the employees of its clients - legal entities

Choose two possible answers: Whereas, the Lender is willing to lend the funds under the terms and conditions set forth below. Now, therefore, in considera­tion of the promises contained herein, and each ___ intending to be legally bound thereby, the parties agree as follows

Choose two possible answers: The bank’s credit policy ___ traditionally conservative. The total volume of loans issued in 1999, as compared with 1998, was up very slightly, about 13%, and equaled 413.9 million rubles

Choose two possible answers: According to regulations, if the payee has its account at ___ bank, the payer’s bank will send a pay­ment message to that bank (perhaps indirectly, as we shall see). Ultimately the payee’s account will be credited

Choose two possible answers: As a matter of law, however, they are quite distinct from bank accounts. They are often regulated under the securities laws. Banks also ___ certificates of deposit (CDs). These are debt instruments of high value, payable to bearer, and sold in the wholesale markets

Choose two possible answers: Bank accounts have ___ characteristics. The most basic account is the savings account

Choose two possible answers: By reassuring depositors, the special rules were supposed to ___ systemic risk. In more recent times, the rationale for special laws for bank insolvency has been to minimize calls on the deposit insurance fund

Choose two possible answers: CDs are negotiable instruments as a matter of market practice, if they are not also promissory notes under the Bills of Exchange Act 1882. In the United Kingdom they fall within the securities laws as debentures, but not ___ in other jurisdictions

Choose two possible answers: Elsewhere, as in the United Kingdom, banks are dealt with under the ordinary insolvency laws. The policy of not having a separate regime is, no doubt, that matters can be handled ___ under the general insolvency laws, as can the problem of insider abuse

Choose two possible answers: In many senses these are functionally ___ to bank accounts, and may be economically more advantageous for cus­tomers

Choose two possible answers: In some cases, the proceedings must be ___ in national newspapers in host states, to enable those, who have any right of appeal, in accordance with a home-state law, to make a claim

Choose two possible answers: It satisfies claims independently of the insolvency laws, although the scheme itself is in effect subrogated to those paid out. Some jurisdictions adopt a co-operative approach with an international insolvency, ___ to achieve a fairer distribution of the assets

Choose two possible answers: It turns, in part, on whether ___ is a credit transfer or debit transfer

Choose two possible answers: No further steps need be ___ in that state. The authorities in the home state are required to give prior or immediate notice to the authorities in all relevant host states

Choose two possible answers: Of immediate rel­evance in the banking context is the proposed European Community ___ on the winding up of credit institutions and deposit-guarantee schemes

Choose two possible answers: Savings accounts cannot be overdrawn, and gener­ally notice has to be given of withdrawal. Current accounts are payable on demand, either by withdrawal or by the customer ___ the bank to make payment to a third party