Bank Guarantee (BG) vs Letter of Credit (LC) - Hindi
Тәжірибелік нұсқаулар және стиль
Both Bank Guarantees and Letters of Credit are used in trading finance. But both are different financial instruments. In this Hindi video, we understand the difference between BG and LC. Sign-up to our new app for discounts and early access: ✔ assetyogi.com/sign-up/
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Time Stamps
00:00 Introduction
01:30 Meaning of Bank Guarantee (BG)
04:02 Meaning of Letter of Credit (LOC)
05:15 Comparison Between BG and LOC
06:25 Summary
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Bank guarantees are more popular in infrastructure and real estate projects while letters of credit are used mainly in international trade.
बैंक गारंटी और लेटर ऑफ़ क्रेडिट दोनों का उपयोग ट्रेडिंग फाइनेन्स में किया जाता है। लेकिन दोनों अलग-अलग फाइनेंशियल इंस्ट्रूमेंट्स हैं। इस वीडियो में, हम BGऔर LC के बीच अंतर को समझेंगे।
बैंक गारंटी इंफ्रास्ट्रक्चर और रियल एस्टेट प्रोजेक्ट्स में उपयोग की जाती है जबकि लेटर ऑफ़ क्रेडिट का इस्तेमाल मुख्य रूप से इंटरनेशनल ट्रेड में किया जाता है।
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In this video, we have explained:
What is bank guarantee?
What is a letter of credit?
What is the difference between bank guarantee and letter of credit?
How bank guarantee is different from the letter of credit?
What is the main difference in bank guarantee and letter of credit?
Is bank guarantee and letter of credit is same?
When should you use bank guarantee and when should you use a letter of credit?
What is the difference in the concepts of bank guarantee and letter of credit?
How should you differentiate between bank guarantee and letter of credit?
How the process of bank guarantee is different from the process of the letter of credit?
How bank guarantee and letter of credit used?
What are the similarities between bank guarantee and letter of credit?
How to differentiate between BG and LC?
Why bank guarantee can't be used in place of letter of credit?
Can you use letter of credit instead of bank guarantee for business?
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Hope you liked this video in Hindi on “Bank Guarantee vs Letter of Credit”.
Пікірлер: 379
Sign-up to our new app for discounts and early access: ✔ assetyogi.com/sign-up/
Iam from Bangladesh. Your videos have really helped me. Thanks u so much and best of luck❤
Information and voice all is well done Always recommended to Assest Yogi ! Descent knowledge gets to all of us subscriber and viewers.
Commercial documents and their importance should be explained through videos please. Very good lectures indeed.
Could you please make one video for different MT messages involved in LC and BG
I have been lately watching your videos and they are too good...Great work...keep it up!!
@AssetYogi
5 жыл бұрын
Thank you for appreciation 😊
Thanks for such a informative video, I am impressed the way you simplified the whole concept.
@AssetYogi
4 жыл бұрын
Thanks for appreciation :)
thanks Sir, is it possible to have some videos covering documents checking to take into consideration CDCS exam?
Hi sir, thanks for the information.can you tell me the percentage of tender we need to issue for a performance bank guarantee
Sir, it really helps me while preparing for my. Banking promotion exam
Thank you very much sir. You are doing very well. Enjoying from Nepal 🇳🇵
You are a legend, i am sure you have an idea how many lives you are helping with such videos.. Keep it up 👍
@AssetYogi
3 жыл бұрын
It's my pleasure
Nice video...as usual sir plz explain the role & Function of Ecgc in details☺
exellent video, very precise, sir please make a video on TT payment on Import, its transaction, its agreement, its drawback.
Ur videos areike gems for me in this lockdown
BG ke case mine buyer / seller ka definition ulta likha likha hai kya? Shouldn't govt. be the buyer in that case?
Export factoring and Bill Discounting pe video banaiye
Thnku sir....u explained very well ...I always used to have confusion bt u made it so clear...love from Nepal 💕💕💕🙏🙏🇳🇵🇳🇵
@AssetYogi
4 жыл бұрын
Thanks
Thank you always four your kind unlimited generous help.
Bahot achhe se explain kiya sir Thank you
Plz describe Risk related to banking Like as:- credit risk, fraud risk etc.
Sir aap bahut ache s samjhte ho Thanks
Sir Inward Guarante par bhi video banaye and operations jo involve hote ha
All your videos are genuinely of big help unlike other useless video. Could make video on international trade and finance IIBF exam. That would help to clear that test.
Can you please share difference between Bank Guarantee and Inventory Funding?
Sir ek bill of lading ki copy buyer k pas bhi to jarti h na taki vo apna goods port se le ske.. ?
Thank u for this video...please tell us about assessment of LC limit...methods and how to arrive at LC limit
@AssetYogi
6 жыл бұрын
Sure, noted the topic.
Pls explain how to work Liquidated Damages clause in procurement
Sir, agar L.C term or bill of exchange me confuse hu. Sir bill of exchange me time period hota he to bank LC kese kholega exporter k liye. Means payment kese karega.
Dear Sir, Kindly share the idea about documents in various loan facility
You are very good Sir... Very nice descriptive lectures in easy language. Thank you very much!
@AssetYogi
2 жыл бұрын
You are welcome.
Hi Mukul, All your videos are awesome.....great work really!!! can I suggest you to also post a video on Credit Insurance......thanks
@AssetYogi
5 жыл бұрын
Thank you, 😊 I've noted the topic suggestion for future videos.
Please make a video of FOREIGN TRADE CREDITS AND THEIR TYPES IN DETAILED INFORMATION.
Wow, what an explanation🙏
Very nice information side by side comparison -Dayakar Reddy Hong Kong
Sir import aur export business kese krte h usse full detail m btaiye
How they charged on bank guarantee please brief the rates and calculations
Explained very clearly. Thank you !
@AssetYogi
3 жыл бұрын
You are welcome!
Very useful information, AssetYogi thanks for the video.
@AssetYogi
6 жыл бұрын
You are welcome Archin
Hi sir ..your way of delivering knowledge is remarkable... kindly make a video on international trade and finance for iibf certificate exam ..my exam is on next Sunday 7th July ...plz cover important topics
@AssetYogi
5 жыл бұрын
Thank you for appreciating Sangeeta, I've noted the topic suggestion for future videos.
V informative video , But explain how a buyer should trust on seller , i want to know the basis on which a buyer trust and release L/C
Thanks for it. Kindly upload regarding mobilisation, material and performance guarantee
@AssetYogi
6 жыл бұрын
Sure, I've noted down the topic suggestions and I'll try to cover them in the near future.
Mukul ji.. your videos are great help for people like me.. who are working professionals and dont have time to invest in books.. thx from DUBAI
@AssetYogi
6 жыл бұрын
I am glad that my videos are helpful 😊
@trackduniya
4 жыл бұрын
How did you manage a job in Dubai please hlep
Excellent description ... so nicely explained 👏👏👏
@AssetYogi
3 жыл бұрын
Thanks 😊
Nice and best information.thanks.
Niceee video . PIs define IsIamic banking as soon as possibIe . Thanks ..
Sir please make also a video on Loan Against Trust Receipt. Thanks your video is helpful.
@AssetYogi
6 жыл бұрын
Sure. Thanks.
Very nice and clear information provided thanks
Sir banking law ke exams me "liabilities of surety" poocha jaa rha hai so what should be the answer?? Is it bank guarantee??
sir, please make video on Hi-seas sale / purchase
Bill of loading kya hai, konse bank Mai lc process Hoti hai, business me konsa lc Ka types jyada use hota hai,
Again useful video...thanks
Very helpful video please make some more videos related to export and import
Do we need to kept equivalent dp in Bank for the both case
Hi Sir. The best video. Need to know if bank guarantee can be discounted? Thanks
I have required letter of credit accounting entries & effect.
Please provide video on garnishee order and attachment order. thanks in advance.
Very informative and precise. Thank you
@AssetYogi
3 жыл бұрын
Thanks Shivam 😊
Sir, I want to know that what is the problema comes while LC processing
sir project finance pe kuch video upload kr dijye
Sir pls make a videos about shipping document such as negotiable and non-negotiable
Sir ecgc kya hota hai us par bhi video banaaiye please
Please make a video on the advantage and disadvantage of physical bank guarantee and e bank guarantee
It was a nice video and very easy to understand. Kindly make one video for vendor bill discounting.
@AssetYogi
6 жыл бұрын
Sure. Will cover that.
Nice to see your excellent vedio sir Which is bank good for import export business in india ?
@PawanKushwaha-qo9vc
4 жыл бұрын
icici bank
Very informative video.
Merchant trade and edpms idpms ,export software lodgement ke topic pe vidos banaiye
Great sir ji All doubt clear
Helpful video👍👍👍
Thanks a million for amazing explanation
Sir. Please make one more video about how to do remittance in logistics company or remittance cycle in logistics company
liberalised remittance scheme cover
Great initiative
When you will going to make video on pmayclss .
Very nicely explained. thank you.
@AssetYogi
4 жыл бұрын
Thanks Pradeep :)
Superb way to teach
As a banker It very very useful
@AssetYogi
5 жыл бұрын
Good to hear that Vivek:)
Well explained
Can you make any video related banking gk questions for promotion from clerical to officer
jordar explanation sirji .
@AssetYogi
6 жыл бұрын
Thank you 😊
Sir aap bata sakte hai cost sheet kaise banana hota h. @pujarini.
is stand by letter of credit also a type of bank guarantee?
Sir tell preshipment and postshipment finance, Fund based and non fund based products of bank
I am a fan of your channel... 🙏 would you please make a video on Trust Receipt?
Hi sir I want to know what happens if buyer issues LC and seller ship goods and what if buyer fails to make payment to his bank
Superb explained............
u r simply awesome....loads of lov
@AssetYogi
4 жыл бұрын
Thanks Krrish :)
Nicely explained
Good information
Sir import export business kese krte h aur payment kese secure rehta isse full m btaiye
plz upload video on good for payment cheque.
Sir please explain EDPMS
Please sir give us knowledge about SBLC and Business Insurance Security
Excellent
Baii ab hamko tho LC -- BG mill ghayi tho bank hamko jo kithna peasa lika hai poora paisa mill jayagha kya
I like your way of teaching
Very good brother usefull video
Very informative
On balance sheet and off balance sheet transaction . Difference.....plz
Very nicely explained...Thanks
@AssetYogi
4 жыл бұрын
Keep learning :)