OffShore Banking | Bank Instruments - Prominence Bank Corp.

  Almost all businesses do domestic or international trading to improve their business. But most of the time, they delay this or doesn’t take this option since there are many risks involved in the process. If you are one of the businessmen who wish to trade internationally, then you must know about trade finance. This is one of the not popular words among the business people. But it is important to know about it since it helps in your business transactions.  Especially, you can use the bank comfort letter for the business transactions so that you can reduce the risks involved in the trading. Domestic and international trading is common between companies nowadays, hence using the financial instruments to make guarantee the trading is important to complete these transactions without any worries.  How can you use trade finance in your business? The bank comfort letter is the business document that assures the recipient that the payment will be done for the transaction. But ...

  Private banking involves providing a number of services to high-net-worth individuals (HNWIs). The private bank usually provides personalized services to these high net worth individuals of a retail bank. They provide a wide range of services so that the HNWI will get benefited through it. The services offered by the private bank includes wealth management services and other services under one roof. Since the experts in the bank help in your growth, it is always recommended to open a private bank account. Retail banking is becoming more popular since one can get the best experience from the bank. Getting the individualized banking products along with the best services will suit their needs. The retail bank will provide the services in such a way that it will provide all kinds of services so that the customer will get a better experience.  How useful are private banking services to an individual? In simple words, private banking is an enhanced offering of services for the h...