International baking means the opening of banks outside the country of origin. International banks provide their customers with confidentiality, with choice, it offers reduced complexity and a tax-efficient international base for managing customers' money. From managing the risk, financing, and paperwork associated with trade transactions to remitting cash balances and … [Read more...] about 10 Services Offered by International Banking to Their Customers
Investment & Earning
What is Universal Banking – With Pros and Cons
Banking that includes investment services in addition to services related to savings and loans are known as Universal Banking. A system of banking is where banks are allowed to provide a variety of services to their customers. In universal banking, banks are not limited to just loans, checking and savings accounts, and other similar activities, but are allowed to offer … [Read more...] about What is Universal Banking – With Pros and Cons
Travellers Cheque: 8 Key Features with Pros and Cons
Traveller's cheque is a service meant for tourism traffic, which minimizes the risk of carrying heavy cash while travelling. A person who intends to visit several places can purchase traveller's cheques issued by the banker. The traveller is required to deposit a certain sum of money with a banker and ask for the issue of traveller's cheques. This is printed in different … [Read more...] about Travellers Cheque: 8 Key Features with Pros and Cons
13 Different Services Rendered by Merchant Bankers
Merchant banks are the financial institutions providing specialist services which generally include the acceptance of bills of exchange, corporate finance, portfolio management, and other banking services. It creates a secondary market to boost industrial activities in the nation. Different Types of Services are Offered by Merchant Bankers Following are the services … [Read more...] about 13 Different Services Rendered by Merchant Bankers
Derivatives: Meaning, Functions, Types, Pros and Cons
Derivatives are instruments whose value is derived from one or more underlying financial asset. The underlying instrument could be financial security, a securities index, or some combination of securities, indexes, and commodities. Derivatives are financial instruments that have no intrinsic value. They hedge the risk of owning things that are subject to unexpected price … [Read more...] about Derivatives: Meaning, Functions, Types, Pros and Cons