Types of Bank Guarantees - Legal & Regulatory Aspects of Banking Video Lecture - B Com

hello friends welcome to learning
sessions and today in this video
tutorial we will cover bank guarantee
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us start the video sub Sabella baath
karenge geeky bank guarantee basically
ho TK have bank guarantee basically a
guarantee hey by a lending institutions
joke eh Isco ensure Kirti hey did you
die turkey liabilities ham Kapoor rakia
Riga other my simple words make a home
to other data feel hota hai apneic depth
qu kaatham karna me who fulfill karna
made to us case major banker who cisco
cover caraga and as a part of business
job bank abou guarantee co issue cut
ahead to its customers and ESCO as
contingent liability record katha hefney
accounting books made as per Section 126
of Indian contract AG and contingent
liabilities bull liabilities Houghton
han gyeo future may kisi uncertain event
ke kaaran ho saktha hain and joke
contingent liabilities and inc
accounting records may record care other
Joe contingency he he probable ho t hey
I'm Joe liability record Kisha Thea
accounting books may wake reasonably
estimated value
record Quixote hair job bank guarantee
Jake landing institution kike promise a
tivo law scope cover craggy hugger in
case this customer cover guarantee dig
here Mookie C cheese cookies a promise
co fulfilled nahi goethe just kill used
name bank guarantee issue car money here
for example quick company hey a who
snake near restraint open gear hair and
for dad was Nate T slacker pika kitchen
equipment purchase karna hai but Jo
vendor have okata hekia Pele bank
guarantee do before the shipment sueded
in case company apne Cartier to Bank
Pakeha this case make our basically
joven de nuevo secure hotel so complete
a bank a pass je lending institution que
pasa he
so Datak guarantee issue key Jessica
keeping its cash accounts so in simple
words we can say bank guarantees are
guarantees issued by the bank as
sureties to the third party to pay a
certain sum on behalf of the bank in
what case in the case if the customer
failing to fulfill a contractual or
legal obligation so basically you hate
your bank guarantees have or coach nahi
Hank contract of guarantee here and this
is contained in Indian contract act 1872
then it is types of bank guarantees
financial guarantees financial guarantee
for guarantee had you banks here or a
issue key jetty on the behalf of its
customer in case your customer have you
say cash deposit karna path ahead for
earnest money sales tax customs duty
concessions etc then it is performance
guarantee performance guarantees vulgar
and his hands your customers K behalf
per issue karate in Juhi guarantee
curtain here he's your performance a
contract key is up Co customer undertake
key here in a contract Kuzco customer
fulfill caraga agar vu s economy failed
who the head to bank which certain sum P
kreega and he normally Shakira T on the
behalf of our contractors importance
then the third one is deferred payment
guarantees deferred payment koti
basically payments a predator over the
repayment schedules means Kyogre quiaca
contract way up ninja prepayment connie
hey go apne
single time payment narcotic we as
installment in a couple of years or a
number of years up in the payment Kanye
to us case mojo guarantee issue ki jagah
Bankhead whare
in behalf of customer is the rocky
granting home Kathy and deferred payment
guarantees then the main term in this
bank guarantees invocation basically ke
Akua bank ever surety hand case of bank
guarantee and applicant Disney bank
guarantee Kili apply kiya hai Ben Cooper
in half it jiske behalf per bank
guarantee issue kathai aval contractual
a legal obligation KO fulfill khan amir
feel hot ahead to us case may bank knee
joe promise kiya hedge in terms cooper
Banga Banga rent
Sookie have been couch is a Puritan
appealingly and due process hair of
calling upon a bank to honor its
commitment under the guarantee to us
process go home get a invocation and
javac we guarantee Co invoke here at
ahem
it is absolutely essential irrespective
Juby contract above fulfill who are nahi
hua
Yaphet gob dispute raha hoga Donna
parties k bitch may bank co-payment
Kearney per day ye but ye Beach is
essential here
invocation K Doran Joby terms and
conditions he invocation key hey Uncle
Phil Phil Keoghan hey yo validity hey
green tiki whoa hey
yes kilowatt your authority here in
walking of guarantee boo hoo scooper
rakia hey inches o kudrin mironov Lauria
and bank has to satisfy itself and it
has to verify all the things before
invoking or before the settlement of the
bank guarantee scale average important
Hecky accept rate contract hota hair
bank
k-beach me and beneficiary of the
guarantee k beach me and contract kept a
Gurkha contractual obligation hair dojo
bank hey goose co-owner karna hai of its
commitment on a guarantee to its primary
and primary conehead your debtor hair
irrespective of the disputes between the
beneficiary and the applicant that is
debtor Bank opening commitment to
fulfill ghana bodega so friends this was
the end of the session I hope you would
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