Companies

Board of Directors discussed the insurance letters of credit and letters of guarantee exaggeration to private banks under the corporate book CBI / Directorate General to monitor the banking and credit / Department of Studies and Research in Banking Issue 03/09/22 01/28/2013 and approved application instructions below for submission to the Commission public Bank in the next annual meeting to discuss the final accounts as at 31/12/2012 for approval.

 

1- Documentary credits:

Insurance 25-30% by
A - type of goods
B - insurance rate determined by the Bank sender

 

2- Letters of Guarantee

A-  in the case of a collateral (real estate - stocks - bonds - a deposit) or a sponsor has to be above insurances

And commissions are as follows:


First - entry tender: insurances 10% commission and 1 thousand a month or fractures
Second - good execution: insurances% and 15% commission 4/3 thousand a month or fractures
Thirdly - operational advances: Insurance commission and 25 2/1 per thousand per month or fractures

 

B - in the absence of guarantees above:
 

First - entry tender: Insurance 10% commission and 1 thousand a month or fractures with providing
Guarantees below:
1. The amount of the letter of guarantee instrument +20% of the amount of speech (no date)
2 - promissory note amounted letter of guarantee
3 - sponsor known by the bank
Second - good execution: Insurance 100% commission and half thousand a month or fractures
Thirdly - operational advances: Insurance 100% commission and 2.1 per thousand per month or fractures



C-  in the absence of guarantees and the customer has a reputation for high ethical
 

First - entry tender: Insurance 10% commission and 1 thousand a month or fractures
Second - good execution: Insurance 25% commission and 1 thousand a month or fractures
Thirdly - operational advances: Insurance 50% commission and 1 thousand a month or fractures
And guarantees in the cases above (paragraph c)
Instrument the amount of the letter of guarantee + 20% of the amount of speech (no date) with a promissory note in the amount of speech Escrow



D- foreign companies:
 

Log tender, good execution, the predecessor of operational
Insurance 10% commission and 1 thousand a month or fractures with guarantees of a letter of guarantee
Back to Back insurances 100% or 150% of real estate collateral Sawa name of the company or on behalf of
Others were held for the benefit of the bank

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