Table of Contents
What is ATA in banking?
Transfer funds from your savings account to your checking accounts if there are insufficient funds on the checks you issued. The UCPB ATA service allows you to: Efficiently manage and monitor check disbursements of multiple checking accounts.
What is the full form of FC in bank?
FC Charges. FC or Foreclosure charges are to be paid when a loan is closed before the tenure is completed. The bank will levy a certain percentage on outstanding loan amount as the penalty for foreclosing the loans.
What is VCR Arn?
A variable coupon renewable note (VCR) is a renewable fixed income security with variable coupon rates that are periodically reset. The renewable note is a type of debt security with a weekly maturity. The principal of this security is reinvested automatically at new interest rates every week it matures.
What is an ATA transaction?
The ATA Carnet is an international customs document which allows an individual traveler / business to temporarily export or import goods for commercial purposes to and from a country without having to pay duty or value-added taxes on the goods.
What is net stable funding ratio Basel III?
The NSFR is defined as the amount of available stable funding relative to the amount of. required stable funding. This ratio should be equal to at least 100\% on an ongoing basis. “ Available. stable funding” is defined as the portion of capital and liabilities expected to be reliable over the time.
What is cr in bank passbook?
Key Takeaways: The terms debit (DR) and credit (CR) have Latin roots: debit comes from the word debitum, meaning “what is due,” and credit comes from creditum, meaning “something entrusted to another or a loan.” An increase in liabilities or shareholders’ equity is a credit to the account, notated as “CR.”
What is SGL and BR in banking?
All the transactions put through by a bank, either on outright basis or ready forward basis and whether through the mechanism of Subsidiary General Ledger (SGL) Account or Bank Receipt (BR), should be reflected on the same day in its investment account and, accordingly, for SLR purpose wherever applicable.
What is ARN number for GST?
Application Reference Number
After Applying for GST Registration you will have an Application Reference Number (ARN). A GST Registration Application is processed after 15 days of application but you can check the GST registration status online on the GST Portal.
What is ATA export?
An ATA (Admission Temporary Admission) Carnet is an international customs document that allows the temporary importation of commercial samples, professional equipment, or goods going to a trade fair or exhibition in countries that are part of the ATA Carnet system.
What does ATA stand for?
ATA
| Acronym | Definition |
|---|---|
| ATA | American Translators Association |
| ATA | Analog Telephone Adapter |
| ATA | Actual Time of Arrival |
| ATA | American Taekwondo Association |
How is LCR calculated?
The LCR is calculated by dividing a bank’s high-quality liquid assets by its total net cash flows, over a 30-day stress period.
What is the full form of MICR?
The full form of MICR is Magnetic Ink Character Recognition. It is a system that is used for the recognition of characters with the help of a special ink as well as characters or in other words.
What is a MICR code on a bank statement?
A Magnetic Ink and Character Recognition Code is a 9 digit number. The first three digits of the MICR code are used to represent the City code. The next 3 digits represent the bank code, and the last three digits signify the code of a particular branch of a bank.
What is MCLR and how does it affect the banking sector?
The banking system is the lifeblood of the economy, and any negative or positive changes in the sector directly impact the economy. The MCLR system aims to improve the faith of the individual borrowers and business in the banking sector.
How is MICR code created?
The first three digits of the MICR code are used to represent the City code. The next 3 digits represent the bank code, and the last three digits signify the code of a particular branch of a bank. Magnetic Ink and Character Recognition code, therefore, is created by taking the city code, bank code, and the branch code.