in whose favour a credit is issued.
Complying presentation means a presentation that is in accordance with the terms and conditions of the credit, the applicable provisions of these rules and international standard banking practice.
Confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank, to honour or negotiate a complying presentation.
(1) Commercial Banks
influential through lending practices and providing information to small and medium sized enterprises
(2) Investment Sector
can influence over large companies
(3) Insurance Sector
have influence by pricing various types of environmental risk and to help pay for environmental damages
(1) Framework to develop new services
(2) Risk management capacity
(3) Access to
(1) What is material?
Certain provisions of the SEC apply only to matters that are “material” to the financial condition of the company. Therefore, interpretation and application of those provisions relates to the issue of “what is material”.
Item 101 of Regulation S-K requires that companies must disclose material effects that compliance with environmental law will have on earnings, c
of the importance of transparent accounting
Enron crisis revealed a number of problems that US GAAP had. And it made people aware of the importance of transparent accounting. As a result, in 2002 at a meeting in Norwalk, Connecticut, the International Accounting Standard Board and the US Financial Accounting Standards Board agreed to harmonize their agenda and work towards reducing differences b
of the changing security climate. Factors that can radically alter the security threat in a particular country or at a particular airport are political agitation or unrest and widespread publicity of other security incidents. Figure 1.2 indicates the conceptual structure of the security planning cycle. Reassessment of threat should take into account not just the level of threat, but also perceive