And IDBI Bank - Kandivali

IDBI Bank Trade Finance Mumbai


Bank Guarantee is an instrument issued by the Bank in which the Bank agrees to stand guarantee against the non-performance of some action/performance of a party. The quantum of guarantee is called the ‘guarantee amount’. The guarantee is issued upon receipt of a request from ‘applicant’ for some purpose/transaction in favour of a ‘Beneficiary’. The ‘issuing bank’ will pay the guarantee amount to the ‘beneficiary’ of the guarantee upon receipt of the ‘claim’ from the beneficiary. This results in ‘invocation’ of the Guarantee. IDBI Bank issues the entire range of Bank Guarantees, namely,

Bid Bond Guarantee
Advance payment Guarantee
Guaranty for warranty obligation
Payment Guarantee/Loan Guarantee
Performance Guarantee
Deferred payment Guarantee
Shipping Guarantee
Trade Credit Guarantee
Standby LC

Bank issues Guarantee favoring beneficiaries abroad either directly or through our correspondent banks across the continents. Similarly, IDBI Bank also issues guarantees favoring resident beneficiaries on behalf of our overseas branches / correspondents.

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The term “tax haven” is something of a misnomer, because tax havens offer escape routes not just from taxes but potentially from any of the rules, laws, and responsibilities of other jurisdictions—whether those be taxes, criminal laws, disclosure rules, or financial regulation. Tax havens are usually about parking your money “elsewhere,” in jurisdictions such as the Cayman Islands, beyond the reach of your home country’s regulators and taxmen. Or you park it in London: which is why some investment bankers have called it the Guantánamo Bay of finance. “The British think they do finance well,” says Lee Sheppard, a tax and banking specialist at the U

McGraw-Hill Sampson Rock of Wall Street
Book (McGraw-Hill)

Hedge funds fuel international banks  — Miami Today
He noted that the association's member banks are active in correspondent banking, trade finance and international wealth management/private banking services.

Kluwer Law International Derivatives Law & Regulation (International Banking, Finance and Economic Law Series Set)
Book (Kluwer Law International)
Ellena Au FCMA CEO, KanTec business consulting, Beijing, and past president of the CIMA Hong Kong Division.(ONE2ONE)(Interview): An article from: Financial Management (UK)
Book (Chartered Institute of Management Accountants (CIMA))
Banking, trade and finance
Book (Enterprise Publ. Co)
INTERNATIONAL MONETARY FUND Building Monetary and Financial Systems: Case Studies in Technical Assistance
eBooks (INTERNATIONAL MONETARY FUND)

Popular Q&A

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Why trade finance is attractive to banks?

low risk,profitable,self liquidating and can cross sell

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What is the nature of work and opportunities in trade finance of a bank..thanks?

In the imports and exports business of bank's customers. And their financing of international trade. Like the issuance of Letter of credits for their customers.

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