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Is purchase bill discounting is Fund based Limit?

Anonymous

∙ 14y ago

Updated: 9/15/2023

I think it is a fund based facility since the bank pays in advance to the exporter against the bills discounted which the bank will present to importer's bank once they come bue.

Wiki User

∙ 14y ago

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Q: Is purchase bill discounting is Fund based Limit?

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What are fund based limits?

Fund Based Limit is a limit in which the Co is getting money actually(Cash). whereas in non-fund base limit bank make payment on behalf of company. Fund Base Limit: Cash Credit Term Loan Non-Fund Base Limit: Bank Gurantee Packing Credit Letter of Credit

What are fund based and non fund based advances?

Fund Based Limit is a limit in which the Co. is getting money actually(Cash). eg: Cash Credit Term Loan Non Fund Base limit bank make payment on behalf of company. eg: Bank Guarantee Packing Credit Letter of Credit

Difference between funded and non-funded credit facilities?

fund based facilities includes cash credites, bill discounting, overdraft and term loan

Where can one purchase Hedge Fund software?

One can purchase Hedge Fund software on Archway Technology 's website. Thompson and Associate website is another site that one can purchase a Hedge Fund software.

What is fund-based exposure?

Fund-based exposure is actual lending from public banks. Non-fund based exposure is credit extended by private banks with no actual lending.

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Related Questions

What are fund based limits?

Fund Based Limit is a limit in which the Co is getting money actually(Cash). whereas in non-fund base limit bank make payment on behalf of company. Fund Base Limit: Cash Credit Term Loan Non-Fund Base Limit: Bank Gurantee Packing Credit Letter of Credit

What are fund based and non fund based advances?

Fund Based Limit is a limit in which the Co. is getting money actually(Cash). eg: Cash Credit Term Loan Non Fund Base limit bank make payment on behalf of company. eg: Bank Guarantee Packing Credit Letter of Credit

Difference between funded and non-funded credit facilities?

fund based facilities includes cash credites, bill discounting, overdraft and term loan

Where can one purchase Hedge Fund software?

One can purchase Hedge Fund software on Archway Technology 's website. Thompson and Associate website is another site that one can purchase a Hedge Fund software.

What is fund-based exposure?

Fund-based exposure is actual lending from public banks. Non-fund based exposure is credit extended by private banks with no actual lending.

What is fund based exposure?

Fund-based exposure is actual lending from public banks. Non-fund based exposure is credit extended by private banks with no actual lending.

Can a mutual fund investor use a regular account to purchase shares in an open-end fund?

No

Is the Resource or Financial Manager responsible for ensuring fund availability prior to purchase?

The Resource/Financial Manager is responsible for ensuring fund availability prior to purchase.

The limit on maximum entry or exit load that a fund can charge is determined by the?

AMFI

Where can you find the purchase price of a no-load fund you are interested in buying when looking at a mutual fund table?

The second column

Can a foreigner purchase a mutual fund in Singapore?

no-one cares.

What are Non fund based limit?

The credit facilities given by the banks where actual bank funds are not involved are termed as 'non‑fund based facilities'. These facilities are divided in three broad categories as under: q Letters of credit q Guarantees q Co‑acceptance of‑bills/deferred payment guarantees. Units for the above facilities are also simultaneously sanctioned by banks while sanctioning other fund based credit limits like Cash Credit & Term Loan.

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