This level is fixed between maximum and minimum level in such a way that the requirement of materials for the production can be met properly till the fresh supply of material is received. This level of material stock indicates that steps should be taken for procurement of further lots of material.
Tell me what are bank guarantees? How do they work?
What are the different parties involved in a LC?
Explain what is non-fund based lending?
Tell me in what form can a bank disburse the amount of assistance it has extended to a company?
What is letter of credit (LC)?
What are the advantages of commercial papers?
What are the disadvantages of commercial papers?
Tell me how is the amount of assistance that a bank can provide for your working capital calculated?
Explain what is the nature of a commercial paper?
Explain what is the process for issuing commercial papers?
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