Question

Wh ich of the following best describes "Drawing Power"

Q: Answer-Wh ich of the following best describes 'Drawing Power' in context to a Cash Credit facility given by...

Drawing Power DP is the amount a borrower can withdraw from the sanctioned limit based on the current value of stock and receivables, adjusted by the banks margin policy.

in context to a Cash Credit facility given by a bank ?

A The total credit limit sanctioned by the bank to the borrower for the purpose of meeting working capital requirements

B The total amount of money a borrower can withdraw from the bank, across its various accounts maintained with the bank

C The value of assets pledged by the borrower to secure the loan, adjusted for repayments

D The amount that a borrower can withdraw from the sanctioned credit limit based on the latest stock and receivables statement.

E The change in the repayment schedule based on the inventory and sales position of the company on a quarterly basis.

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SIDBI Grade A (Assistant Manager)

Wh ich of the following best describes "Drawing Power"

Solution

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