Question
Swift Code is a standard format of Bank Identifier
Codes (BI3) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them. The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. The code formatted as below: AAAA BB CC DDD First 4 characters (AAA1) - bank code (only letters) Next 2 characters (B2) - ISO 3166-1 alpha-2 country (only letters) Next 2 characters (C3) - location code (letters and digits) (passive participant will have "1" in the second character) Last 3 characters (DD4) - branch code, optional ('XXX' for primary office) (letters and digits)Solution
CLS plays a fundamental role in the foreign exchange (FX) market – it operates the largest multicurrency cash settlement system to mitigate settlement risk for the FX transactions of its Members and their customers. Owned by the world's leading financial institutions, CLS settles payment instructions relating to underlying FX transactions in 18 major currencies and certain other transactions that result in one-way payments in a subset of those currencies.
What was the increase in India’s net Foreign Portfolio Investment (FPI) flows in FY24, the highest since FY15 as per the economic survey 2023-24?
Who shall constitute a Performance Review Committee under the IFSCA Act?
Dexie Ltd has a preferred stock that pays a dividend of 8 per share and the current price of stock is 100. What is the cost of preferred stock?
FIFP is the new online single point interface of the Government of India for investors to facilitate Foreign Direct Investment, what is the full form of...
The RBI’s guidelines on the formation of new districts in Madhya Pradesh, issued in January 2024, designated which bank as the Lead Bank for the newl...
What would be the break even units if the Fixed Cost is Rs.1,00,000 and PV ratio is 25%. The company sells its product at Rs.60 per unit.
Which statement about Sovereign Gold Bonds (SGBs) is incorrect?
Under the Pradhan Mantri Suraksha Bima Yojana risk coverage of ________for accidental death and complete disability and _______ for partial disability i...
Which of the following system enabling the citizens of the country to utilize any ATM of a connected bank?
Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.
Relevant for Exams:
