brokers will accept a letter of guarantee for call writers with short options as a replacement for holding cash or securities. The letter of guarantee must be in a form that the exchange and, potentially, theOptions Clearing Corporationaccept. The issuing bank agrees to ...
In addition to the issuing bank's guarantee, a second bank confirms the promise to pay. This means even if the issuing bank has trouble fulfilling its obligation, the seller is still guaranteed payment by the confirming bank. Standby letter of credit: Acts like an insurance policy ...
After the purchase order is invoiced, you can make the payment and settle the accounts. The payment for the letter of credit must be equal to the amount due minus the margin amount because the margin amount is already collected by the bank. The payment must be within the tolerance limit ...
ILOCs can also be either confirmed or unconfirmed. Aconfirmed ILOCoffers additional risk protection for the seller by providing a guarantee of payment from both the buyer's bank and the seller's bank. With an unconfirmed ILOC, the seller's bank has no liability for payment and essentially ser...
Using letter of guarantee in health insuranceLim, Gillian
The growth and prosperity generating power of the capital markets will remain a dominant economic trend. Click here to read why.
a letter of protection can allow you to get necessary medical care that you might not otherwise be able to get. Additionally, many medical providers will not accept the injured party’s medical insurance as a guarantee of payment for medical services rendered from an accident. This is because ...
guarantee you, the number will be large. Then you should dare anyone, Democrat or Republican, to vote against saving Americans so much money in years ahead. How is Ben Nelson going to face voters in Nebraska who would have to pay, say, 20 percent more for health care in the future if...
1.in strict accordance with 2.give guarantee of 3.look into the matter 4.avoid subsequent results 5.urge…to do immediately 6.conform to L/C 7.presentation of L/C 8.within the time limit stipulated 9.fulfill terms of payment 10.take no notice of 1.与……保持完全一致 2.对……进行...
and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, ...