Multiple choice

Which of the following cannot be included in value added services that are offered under wholesale banking by banks?

  1. Derivative desk

  2. Letter of credit

  3. Employee trust

  4. Channel financing
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Letter of Credit is a type of non-funded service. Some of the value added services are

a. Syndication Services Forex Desk

b. Real Time Gross Settlement Money Market Desk

c. Cash Management Services Derivatives Desk

d. Channel Financing Employees Trusts

e. Corporate Salary Accounts Cash Surplus Corporates

f. Reimbursement Account Tax Collection

g. Bankers to Right/Public Issue Online payment of Gujarat VAT 

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