Repurchase Agreement (REPO) – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Repurchase Agreement?How Does a REPO Agreement Work? Term vs. Open Repurchase AgreementsTerm Repurchase Agreements Open Repurchase Agreements The Significance of the TenorTypes of Repurchase AgreementsNear and Far LegsThe...

Wrap-Around Loan – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Wrap-Around Loan?How Does a Wrap-Around Loan Work?Example of a Wrap-Around LoanExample of a wrap-around loanThings to consider for a wrap-around loan What is a Wrap-Around Loan?A wrap-around loan refers to a mortgage loan that one...

Annual Percentage Rate – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is an Annual Percentage Rate?How Does an Annual Percentage Rate Work?Important DetailsNominal Interest Rate and Annual Percentage RateAnnual Percentage Rate and Annual Percentage YieldAn Illustration of Annual Percentage Yield (APY) and...

Wrongful Dishonor – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is Wrongful Dishonor?How Does Wrongful Dishonor Work?Dishonor for Insufficient FundsBank Liability for Wrongful DishonorExamples of Wrongful Dishonor What is Wrongful Dishonor?Wrongful dishonor occurs when a bank fails to honor a valid...

Offshore Banking Unit – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is an Offshore Banking Unit?How Does an Offshore Banking Unit Work?History of Offshore Banking Units What is an Offshore Banking Unit?An offshore banking unit (OBU) refers to bank shell branch which is situated in some other global...

Certified Anti-Money Laundering Specialist – Explained

by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry

Update Table of Contents What is a Certified Anti-Money Laundering Specialist?What Does a Certified Anti-Money Laundering Specialist Do? What is a Certified Anti-Money Laundering Specialist?A Certified Anti-Money Laundering Specialist (CAMS) is an award or...