2.03 FP1
overdraft protection - answer a guarantee that a check, ATM, wire transfer or debit card
transaction will clear if the account balance falls below zero
automated clearing house (ACH) - answer the electronic clearing and settlement system
used for financial transactions by US commercial banks and other institutions
Asset Management - answer The direction of a client's cash and securities by a financial
services company, usually an investment bank. The institution offers investment
services along with a wide range of traditional and alternative product offerings that
might not be available to the average investor
Lockbox - answer is a service provided by banks to companies for the receipt of
payment from customers. Under the service, the payments made by customers are
directed to a special post office box instead of going to the company. The bank goes to
the box, retrieves the payments, processes them and deposits the funds directly into the
company's bank account
Export financing - answerWhen companies export products or services, long payment
terms can often create working capital challenges. The up-front cost of producing,
shipping and delivering the goods can be tricky for businesses to manage. Export
finance helps businesses release working capital from cross-border or domestic trade
transactions, that would other wise be tied -up in invoices or purchase orders (for up to
180 days). Is specialist finance that can help a company to grow and increase trade.
Private placement - answera capital raising event that involves the sale of securities to a
relatively small number of select investors. Investors involved can include large banks,
mutual funds, insurance companies and pension funds. Is different from a public issue
in which securities are made available for sale on the open market to any type of
investor.
Vendor lease - answerIn an effort to stimulate its sales, a retail vendor can align with a
leasing company and provide what is known as vendor leasing. To do so, the vendor
establishes a deal with a financing source so that the vendor can offer leases to
customers.
overdraft protection - answer a guarantee that a check, ATM, wire transfer or debit card
transaction will clear if the account balance falls below zero
automated clearing house (ACH) - answer the electronic clearing and settlement system
used for financial transactions by US commercial banks and other institutions
Asset Management - answer The direction of a client's cash and securities by a financial
services company, usually an investment bank. The institution offers investment
services along with a wide range of traditional and alternative product offerings that
might not be available to the average investor
Lockbox - answer is a service provided by banks to companies for the receipt of
payment from customers. Under the service, the payments made by customers are
directed to a special post office box instead of going to the company. The bank goes to
the box, retrieves the payments, processes them and deposits the funds directly into the
company's bank account
Export financing - answerWhen companies export products or services, long payment
terms can often create working capital challenges. The up-front cost of producing,
shipping and delivering the goods can be tricky for businesses to manage. Export
finance helps businesses release working capital from cross-border or domestic trade
transactions, that would other wise be tied -up in invoices or purchase orders (for up to
180 days). Is specialist finance that can help a company to grow and increase trade.
Private placement - answera capital raising event that involves the sale of securities to a
relatively small number of select investors. Investors involved can include large banks,
mutual funds, insurance companies and pension funds. Is different from a public issue
in which securities are made available for sale on the open market to any type of
investor.
Vendor lease - answerIn an effort to stimulate its sales, a retail vendor can align with a
leasing company and provide what is known as vendor leasing. To do so, the vendor
establishes a deal with a financing source so that the vendor can offer leases to
customers.
