Manikandan Narayanan
- Total activity 552
- Last activity
- Member since
- Following 0 users
- Followed by 0 users
- Votes 0
- Subscriptions 281
Articles
Recent activity by Manikandan Narayanan-
Amending Loan Contract
'Amending' is to make any kind of changes to the Loan contract. These changes may include increase in the Loan amount, amend the validity of the loan or to amend any loan details. The user can se...
-
Creating a Loan
A 'loan' that has been granted for a certain period where the capital remains outstanding over the whole period and is intended to be paid back in full. A 'Clean Loan' can be created anytime, reg...
-
Pre-Opening a Loan
An amount that is in the form of debt given out by a financial organization to another firm or an individual in exchange for the future repayment of the same amount along with interest over a perio...
-
Transferring the Advanced Party
The 'Transfer Advanced party' is used to exchange the advanced party of the contract. A message will be created for the new party as well as for the old party. The message advises the transfer ...
-
Repayment / Recourse under Advances
The advances are made ‘with recourse’, so that if reimbursement is not received when due from the issuing bank, repayment of the advance can be demanded from the beneficiary. If the credit was conf...
-
Amending Advance contract
'Amending' is to make any kind of changes to the Advance contract. These changes may include increase in the advance amount or validity changes or transfer of risk or other changes to the terms and...
-
Advancing a Document Set
'Advances' are the source of financing provided by the banks to the companies, to meet their short-term requirements. Advances are a credit facility by nature. An advance can be granted directly ...
-
What is a SWIFT/BIC code?
'SWIFT' stands for the Society for Worldwide Interbank Financial Telecommunication. BIC is the International ISO standard ISO 9362. This standard specifies the elements and structure of a universal...
-
What is an IBAN number?
What Is an International Bank Account Number (IBAN)? IBAN stands for International Bank Account Number. The IBAN facilitates the automation of cross-border payment transaction processing. Each coun...
-
Pre-Opening an Advance
The source of financing provided by the banks to the companies, to meet their short-term requirements is known as 'Advances'. Advances on sight documents and the discounting of usance documents a...