Bank Instruments types :
Medium Term Notes (MTN): These are debt notes that usually have a maturity of 5 to 10 years, but can also range from 1 to 30 years. MTNs are offered continuously through various dealers and usually offer more flexibility in terms of maturity, currency, and interest rates.
Long Term Notes (LTN): Similar to MTNs but with longer maturities, generally extending beyond 10 years. They are debt instruments issued for extended periods, often by governments or corporations.
Standby Letters of Credit (SBLC): These are financial guarantees provided by a bank on behalf of a client. If the client fails to fulfill a contractual obligation with a third party, the bank will be required to cover the amount involved.
Bank Guarantees (BG): Similar to SBLCs, bank guarantees act as a promise from a bank to cover a specific amount if a client fails to fulfill a contractual commitment or obligation. BGs are often used in international trade or for securing credit.
For each of these Ymflow has a specifique security and comploance process, thet have in common the folowing guidlines :
- No advanced Payment
- Fees deposited With Iolta account escrow atorney
- Authorization For verification