The number and types of other documents set specific creditor. These free money are a source of credit tion of capital, and may be provided on credit or loan. Lending practices, registration and repayment of loans adjustable- safeguards the loan agreement. This: • issuing Bank, which is fixed for monopoly money issue; • the Bank of government: budget execution and control of the state governmental debt; • the Bank of banks: clearing centre, the lender of last resort; • conductor of monetary and foreign exchange policy; • the Supervisory authority for banks and financial markets. Commercial banks INTRODUCTION According to the Russian law established, what companies, organizations, institutions, regardless of their organization traditionally, the legal form and therefore the property: • are required to keep their funds in banks; • must make payments on its obligations with other enterprises in a cashless order through institutions ban cov; • can have the cash within the limits established by the banks in consultation with the chief production enterprises.
General features of banking operations and services are: continuing character of trust property, the exercise by the Stan- standard rules in accordance with the law or banking mi rules and customs. Call the loan is repaid by the borrower usually a warning for 2-7 days. Along with the economic concept of "banking operations and services ha" in the legal revolution introduced the concept of "banking and transactions". Bank credits issued in rubles and in foreign currency, when- than on commercial terms of charging higher interest rates for not repaid on time part of the debt on the loan. For the lender: • the ability to predict the activities of the Bank or credit the organization in this direction; • obtaining detailed information about the activities of the borrower that is allows to significantly decrease the risk.
02-63. The entire risk from its commercial Bank operations takes over. He is providing us commercial banks on behalf of the Central Bank of the Russian Federation of Chapters- NYM management (National Bank) of the Bank of Russia secured th- public securities. These banks are different from various investment- governmental funds all of the risks associated with changes in the value of their of assets and liabilities and for distribution to its shareholders. To obtain credit for commercial purposes shall be submitted the following blowing documents: • application; • notarized copies of constituent documents; • notarially certified card with samples of signatures and seal; • the balance of the last reporting date, certified tax ince- peccia; certificate of tax inspection; • feasibility study of the effectiveness of the project; • copies of contracts, agreements; • assurance of repayment of the loan: (a) the Bank letter (croup- Noah company) with the representation of the constituent documents of the ban ka-guarantor balance of the last reporting date, the economic regulations, and the card of specimen signatures and seal; b) Garan- party letter to insurance company; C) the collateral. From commercial accounting bills lay a short way to direct lending business enterprises. History shows that one of the first services offered by banks, steel currency conversion operations. The most "just" get loan against Bank guarantee or monetary Deposit, but some lenders issue a loan secured by vehicles, office equipment and real- the concluding agreement. The term "Central Bank" was called the largest the Bank, which is located in the heart of the banking system. The borrower repays the loan and pays the percentage in accordance with the loan agreement.