International Banking. Concepts and examples. 1 Bank of Tokyo-Mitsubishi, Japan , 85,372 2 HSBC Holdings, UK , 76,357 3 Lloyds TSB Group, UK, 54,453 4 Citicorp, US, 53,822 5 Sumitomo Bank, Japan , 41,944 6 BankAmerica, US, 41,344 7 Dai-Ichi Kangyo Bank, Japan, 41,131
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Concepts and examples
1 Bank of Tokyo-Mitsubishi, Japan, 85,372
2 HSBC Holdings, UK, 76,357
3 Lloyds TSB Group, UK, 54,453
4 Citicorp, US, 53,822
5 Sumitomo Bank, Japan, 41,944
6 BankAmerica, US, 41,344
7 Dai-Ichi Kangyo Bank, Japan, 41,131
8 Chase Manhattan, US, 40,363
9 Fuji Bank, Japan, 38,440
10 Sanwa Bank, Japan, 37,990
11 NationsBank, US 34,625
12 Barclays, UK 32,426
13 Industrial Bank of Japan 30,077
14 Deutsche Bank Germany 29,142
15 Union Bank of Switzerland 25,764
16 Wells Fargo Bank, US 25,579
17 ABN Amro Holding, Netherlands 25,168
18 First Union, US 23,617
19 Hang Seng Bank, Hong Kong 23,088
20 National Westminster Bank, UK 22,430
21 Credit Suisse Group, Switzerland 22,361
22 Abbey National, UK 22,144
23 Sakura Bank ,Japan 21,229
24 National Australia Bank 20,532
25 Norwest, US 20,074
40 Royal Bank of Canada 13,430World’s Biggest Banks (assets in billion of dollars:1998)
LondonTokyo New YorkParis, Frankfurt, Zurich, Amsterdam, etc.
Company 1977 1987 1997 1998 1999
Bank of New York NA NA 109 126 137
Chase Manhattan 55 385 790 936 807
Citicorp 68 453 1,486 1,628 1,569
Credit Suisse First Boston NA NA 699 97 897
Deutsche Bank NA NA 1,040 636 807
Mellon Financial Corp 6 8 118 165 173
Morgan (J.P.) & Co. 40 251 493 781 777
Republic National Bank 5 39 98 120 141
State Street Bank 2 21 159 177 209
2. Importer pays after receiving the goodsA Primer on Import/Export Payments
1. Importer pays the goods
A Primer on Import/Export Payments
1. Importer obtains bank’s permission to pay on importer’s behalf
2. Bank promises exporter to pay on behalf of importer
4. Bank pays exporter
6. Importer pays bank
5. Bank releases merchandise to importer
3. Exporter ships to the bankThe Bank as an Export/Import Intermediary
2. Exporter agrees to fill order importer’s behalf
1. Importer orders goods
6.. Exporter ships goods
7. Exporter presents shipping documents to bank X
3. Importer arranges L/C with bank I
5. Bank X advises exporter of L/C
4. Bank I sends L/C to bank X
8. Bank X presents shipping documents to bank I
9. Bank I accepts documents and promises to pay within 60 days
13. Investor presents documents and gets paid
10. Bank X sells acceptance documentsA Typical Trade Transaction
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Your Freedom Is Being Threatened!
You've seen the headlines: Over and over again, politicians and other bureaucrats from all over the world are clearly demonstrating what they really have on their minds. Not freedom, not prosperity, but a worldwide police state of complacent slaves, controlled by a small but powerful elite.
It Starts With Education And Money...
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Would You Benefit From Waking Up and Breaking Free?
Etc, etc, etc…..
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operate outside the jurisdiction of most industrialized countries
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Lincoln belge gets a tax deduction
Old Abe gets a tax free interest income