• Electronic Fund Transfer (EFT)

    Posted on July 29, 2016 by Admin in Banking.

    Electronic Fund Transfer (EFT) is a money transfer mechanism from one bank or institution to another, through electronic means. EFT offers the flexibility of transferring money using internet services from any location in the world and once the funds are transferred, the amount is deducted from one account and credited to the other. In USA, […]

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  • SWIFT

    Posted on July 28, 2016 by Admin in Banking.

    The SWIFT (Society for Worldwide Interbank Financial Telecommunications) is a global messaging network that financial institutions or banks use to securely communicate within themselves through a standardized system of codes. SWIFT assigns each financial institution a unique code that has either 8 characters or 11 characters. The code is also called the bank identifier code […]

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  • National Electronic Fund Transfer (NEFT)

    Posted on July 28, 2016 by Admin in Banking.

    National Electronic Funds Transfer (NEFT) is an electronic funds transfer process used within India which is used by the banks to transfer money from one bank to the other bank. With this any account holder be it individuals or corporates can transfer funds from any bank to any other bank, provided both the banks are […]

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  • Participatory Notes (P-Notes)

    Posted on March 2, 2016 by Admin in Capital Market.

    Participatory Notes, also known as P-Notes, are used by foreign investors who don’t want to register themselves with Indian Capital market regulator SEBI directly but still wish to invest in Indian stock market. The brokers buy India-based shares or bonds and then issue corresponding participatory notes to investors in return. Usage of P-Notes is restricted […]

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  • Clearinghouse or CCP

    Posted on March 2, 2016 by Admin in Capital Market, Derivatives.

    Clearing house plays an important role for clearing of derivatives trades to reduce credits risks involved in the trade. Clearing house provides clearing and settlement services for mainly derivatives and securities transactions. Clearing house helps to clear a trade for two clearing participants in order to reduce risk, especially Credit risk. Clearing house reduces risk […]

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