CAIIB video lectures Revolving LC Credit 3 by Vishal Mantri +91 9960560404

Interesting videos related to debt Relief Company, Financial Planning, and What’s Revolving Debt, CAIIB video lectures Revolving LC Credit 3 by Vishal Mantri +91 9960560404.

Risks associated with Revolving LC :
1. Wheather the bank which allows drawings is acting correctly.

1. Maximum liability of the issuing bank (particularly in REVOLVING BY VALUE)

The issuing bank should ensure that:

honour or negotiation is restricted to a nominated bank;

there is wording in the documentary credit that limits the liability to a fixed amount.
if you want to study first knee
0:14
revolving Elsie’s you can watch other
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videos of mine 1 & 2 now let’s see the
0:21
risks now the risk is first risk is
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whether the bank which allows drawings
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is acting correctly means whether that
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Bank understands what is the modus
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operandi of this LC or is there anything
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fraud going on between the Benny and
0:40
nominated or not nominated actually the
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bank who is negotiating or honoring
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these two things can happen
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second the risk associated is maximum
0:52
liability means this is particularly in
0:55
reversing the value in reversing the
0:57
value and see every time somebody shifts
1:01
that much amount and it draws that
1:03
amount from that nominee from that
1:05
honouring bank in that case that LC gets
1:09
reinstated for that amount
1:11
this is heavily risky means if they’ll
1:14
see is $4 1 lakh and somebody makes the
1:17
shipment for say 50,000 every month and
1:20
they’ll seize for 3 months so if
1:24
somebody does a shipment of 50,000 per
1:27
10 days then immediately within 2 2
1:31
recycles that one leg amount is vanished
1:33
and next time whenever he makes the
1:36
shipment at that time that amount is
1:40
exceeded by that MC amount of that else
1:43
amount so there is a huge risk how to
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mitigate those risks first never allow
1:51
that LC to be freely negotiable or
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available with any bank always
1:57
restricted to certain XYZ bank which you
2:01
are comfortable with number 1 number 2
2:04
this maximum liability of issuing bank
2:07
there should be a whirring in the
2:09
documentary credit which stage that
2:11
in any case the maximum liability of
2:15
this LC is restricted to so-and-so
2:18
amount that should be the healthy amount
2:21
in this way this maximum liability of
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issuing bank risk will vanish means
2:29
nobody suppose if somebody makes
2:31
shipments the whole required shipments
2:34
within two two cycles itself then there
2:38
in the remaining cycles this Elsa gets
2:41
vanished it doesn’t exist at all because
2:44
the maximum like that is over I’ll give
2:47
you an example suppose if there is LC
2:50
for three months and somebody has to
2:52
ship say fifty thousand every month has
2:55
to restate this LC once he does a fifty
3:00
thousand dollar shipment and that LC
3:04
amount is same one lakh so what happens
3:08
what is expected in this one like this
3:11
guy will ship thirty thousand this month
3:13
thirty thousand next month and deveining
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forty thousand in the last month this is
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a general trend expected but if somebody
3:21
does a shipment of safe seventy thousand
3:24
in first ten days then once you make the
3:27
shipment he can draw it from the bank
3:29
and it gets reinstated to that amount
3:32
again means this seventy thousand again
3:34
comes back so this guy can again make a
3:37
shipment of seventy thousand and then
3:39
again it gets reinstated so the
3:42
liability of the issuing bank over here
3:44
exceeds the LC amount which is not the
3:48
case should be which it should be
3:51
it means the liability of that issuing
3:54
bank in any else he should be restricted
3:56
to the LCM of maximum that’s why these
3:59
wordings need to be there in the
4:01
documentary credit that maximum
4:04
liability under this documentary credit
4:06
is limited to this fixed amount only so
4:10
that was it regarding the risk
4:12
associated with the revolving Elsie’s
4:14
you can watch other other videos on CCS
4:18
as well as CI VG heavy banking for that
4:22
for that matter
4:24
on you can directly watch these videos
4:27
on at you have your app which is
4:29
available on the Play Store you can
4:31
download this app and you can get these
4:32
videos plus question ranks plus online
4:35
test plus job new job openings also you
4:38
can get with the explanations question
4:39
Bank from this side you have your rock
4:41
calm thanks thanks
4:43
keep watching give

What’s Revolving Debt, CAIIB video lectures Revolving LC Credit 3 by Vishal Mantri +91 9960560404.

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