Author : Union Bank of Canada
Publisher : Forgotten Books
ISBN 13 : 9780366982820
Total Pages : 26 pages
Book Rating : 4.9/5 (828 download)
Book Synopsis Trade Acceptances Canadian Practice (Classic Reprint) by : Union Bank of Canada
Download or read book Trade Acceptances Canadian Practice (Classic Reprint) written by Union Bank of Canada and published by Forgotten Books. This book was released on 2018-05-22 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Trade Acceptances Canadian Practice It is customary in Canada for all classes of borrowers to arrange their banking credits once a year to run eontemporaneously With 4 their own fiscal year - the credits being based upon a consideration of each year 's balance sheet Which the Bank almost invariably requires to be audited by a firm of Chartered Accountants. In addition to a direct line of credit (i. E., one-name paper), an _1ndireet line against trade paper is also established. The direct line of credit is granted to furnish the borrower With the necessary working capital to purchaseraw materials and seasonal stock in - trade, the Bank's policy being to stipulate for liquidation, 01' atleastto require a redue tion to a 1ow ebb of the direct advances at least once a year. Failure on the part of the cus tomer to dothis usually indicates the need of additional permanent capital in the business. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.