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The Departments Of A Large Bank II. Part 5 |
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Free Books / Finance / Banking Practice And Foreign Exchange / | |
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The Departments Of A Large Bank II. Part 5 |
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This section is from the book "Banking Practice And Foreign Exchange", by Howard McNayr Jefferson. Also available from Amazon: Banking Practice And Foreign Exchange.
An excellent loan ledger for banks away from Wall Street, where changes in collateral are not so frequent, is shown in Figure 102 on page 207. This record is very complete, and from it any question that may be asked can be quickly answered. It has the additional advantage of being bound into a ledger. It is possible to have very simple and yet very complete loan records. In a large measure each individual case will work out its own solution, and other systems will only suggest ideas.
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Interest |
Collateral |
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Date Due |
Amount |
Date Paid |
Name of Security |
Par |
Price |
Market |
Surrendered |
...........................Loans No........................... |
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No. |
Date |
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Date |
Advanced |
Paid |
Balance |
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Receipt For Surrendered Collaterals |
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Figure 102. Loan Ledger.
Substitution Of Collateral.
................................................19...
Received from.......................................................................
the following securities held as collateral to our loan of..................................
Market Value.
..............................................................................@....................$..............................
............................................................................@....................................................
................................................................................@....................................................
................................................................................@....................................................
................................................................................@....................................................
................................................................................@....................................................
Total
And deposited in lieu thereof, subject to the same terms and conditions as collateral originally pledged:
................................................................................@....................................................
................................................................................@....................................................
................................................................................@...................................................
-..............................................................................@....................................................
..............................................................................@....................................................
-..............................................................................@....................................................
Total
Figure 103. Substitution Blank.
Continue to:
banking practice, collection department, credit department, duties, foreign commerce, foreign exchange, money, international security market, kinds of banks, exchange market, movement of gold, new york stock exchange, sundry departments, finance
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