Modern Banking Commercial And Credit Paper
Modern Banking Commercial And Credit Paper
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In our eReader you can find the full English version of the book. Read Modern Banking Commercial And Credit Paper Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Modern Banking Commercial And Credit Paper
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The lessee is then to issue warehouse receipts to the owner of the goods, which receipts are to be issued as security for drafts drawn against and accepted by a member bank.
If the premises in question are actually turned over to the lessee under a bona fide lease, the lessee being independent of the borrower and having entire custody and control of the goods, there would seem to be no objection to a member bank accepting drafts against the security of warehouse receipts issued by such lessee. ...It should, how- ever, be expressly understood and agreed that the borrower shall not have access to the premises except with the permission of the lessee and that he shall exercise no control of any sort over the goods against which warehouse receipts are issued. The warehouse receipts must, of course, be in form to properly convey and secure title to the bank.
Receipts of custodian of wool as a warehouse receipt. — Custodian's certificate or receipt, if issued in proper form to convey or secure title, 2C2 Bank and Trade Acceptances may be treated as a warehouse receipt and acceptance of member bank under such conditions would be eligible for rediscount.
What to read after Modern Banking Commercial And Credit Paper?
You can find similar books in the "Read Also" column, or choose other free books by Frederick Silver to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The lessee is then to issue warehouse receipts to the owner of the goods, which receipts are to be issued as security for drafts drawn against and accepted by a member bank.
If the premises in question are actually turned over to the lessee under a bona fide lease, the lessee being independent of the borrower and having entire custody and control of the goods, there would seem to be no objection to a member bank accepting drafts against the security of warehouse receipts issued by such lessee. ...It should, how- ever, be expressly understood and agreed that the borrower shall not have access to the premises except with the permission of the lessee and that he shall exercise no control of any sort over the goods against which warehouse receipts are issued. The warehouse receipts must, of course, be in form to properly convey and secure title to the bank.
Receipts of custodian of wool as a warehouse receipt. — Custodian's certificate or receipt, if issued in proper form to convey or secure title, 2C2 Bank and Trade Acceptances may be treated as a warehouse receipt and acceptance of member bank under such conditions would be eligible for rediscount.
What to read after Modern Banking Commercial And Credit Paper?
You can find similar books in the "Read Also" column, or choose other free books by Frederick Silver to read onlineMoreLess
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