In the laws of those countries there are no provisions that allow the government to intervene in the money but-credit policy pursued by the Central Bank. Financial loan means direct issuance of money loan- recall on the terms of the loan agreement. For example, the capital of the Bank of Italy belongs to ban Kam and insurance companies, the capital of the Federal reserve system (The U.S. During this insurance, the borrower a loan in the Bank enters into with insurance company the insurance contract. The legislation provides all commercial banks economic freedom to manage their funds and income.
The insurance contract if- laga to the credit agreement. Modern commercial Bank is an organization created by to raise funds and Deposit them from your behalf on the terms of a reflexivity, platnosti and promptness. Unlike the guarantee a guarantee is not an act, supplementary to credit agreement. Secondly, the increasing role of banks in economic life in General STV is connected with change of the material form of money, namely shirou- Kim the use of funds and calculations. The entire risk from its commercial Bank operations takes over.
• For the borrower: • the ability to accurately determine the amount of funds in jeopardy working people at the disposal of the borrower; • the ability to reduce costs of time and financial resources at the conclusion of credit agreements. Ubiquity in contemporary Central banks received only in the XX century. The pledge can be made in installments as construction of the facility. For back guarantee financial loan use different types ensure this return. without interference in operational activities. In Finland the centre General the Bank has traditionally concentrated in the legislature, plays influential role and acts as a supplier of the highest state figures. The lender (mortgagee) in the event of default by the borrower (for- the logodatel) debt has the right to foreclose on mortgaged- tion of the property, including by sale, i.e. Banks have the right to act as: • investment institutions that carry out activities activities on the securities market as an intermediary; • investment adviser; • investment company; • investment Fund. For receiving the credit the borrower submits to the Bank (creditor) application and other required lender documents. Line of credit is a legally binding obligation the Bank or credit institution to the borrower to provide him with within a certain period of time loans within the agreed vanny limit.