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Operational Aspects of Accounting Entries
What is the primary commercial function of banks?
Lending deposits to earn interest spread that drives profitability.
Define funded credit facilities.
Actual outflow of bank funds at sanction/drawal; includes term loans, working capital, demand loans.
What are non-fund based credit facilities?
Contingent liabilities invoked only on customer default; LCs, guarantees, co-acceptances.
Distinguish fixed charge from floating charge.
Fixed: specific identified asset, borrower cannot sell without consent. Floating: class of assets, borrower can deal freely until crystallisation.
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