What credit products he could consider to finance

Reference no: EM133335454

Questions:

Provide examples of two transactions where parties could utilize stand-by letters of credit.
You were recently hired as a consultant to the Bank of Canada, which wants to transition its net settlement to the real-time gross settlement system. The Bank wants to know what the advantages of transitioning to the real-time gross settlement system are. Explain the advantages to them (UG).
You just discovered that your bank executed two wire transfers from your account for $100,000 each 15 and 30 days ago. You don't recall ordering these transfers and believe they are fraudulent. Do you have any rights to get 'your money back'? Assume UCC Article 4A applies
Compare the respective advantages and disadvantages of the traditional security device of pledge to a non-possessory security interest (UG).
You were asked by your friend who runs an export business generating receivables to explain what credit products he could consider to finance its business (e.g., factoring) using the receivables.
CIT just retained your law firm to structure a transaction that would entail an outright sale/assignment of receivables of one of its clients. Explain to CIT which factors the courts will look at in characterizing the transaction as either a sale of or a security interest in receivables.
You represent a bank that FlyAlways Aviation approached to finance their acquisition of six new Airbus A320s and six additional spare General Electric engines. Advise the bank as to how they can generate and perfect an interest in these planes and the engines under the Cape Town Convention (UG).

Reference no: EM133335454

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