Banking Glossary 2.pptx

Functions of bank ‫وظائفا لبنك‬ First : the main functions of commercial Bank ‫ا لمهام‬ ‫ا لرئيسية ل لبنكا لتجاري‬ 1 Acceptance of deposits (‫)ق بولا لودائع‬ A fixed deposits ‫حساب لوديع ة ا لثابتة‬ ‫ا‬ B current or demand deposits ‫حساب لوديع ة ا لجارية‬ ‫ا‬ C savings Deposits ‫حسابوديع ة ا لتوفير‬...

Functions of bank ‫وظائفا لبنك‬ First : the main functions of commercial Bank ‫ا لمهام‬ ‫ا لرئيسية ل لبنكا لتجاري‬ 1 Acceptance of deposits (‫)ق بولا لودائع‬ A fixed deposits ‫حساب لوديع ة ا لثابتة‬ ‫ا‬ B current or demand deposits ‫حساب لوديع ة ا لجارية‬ ‫ا‬ C savings Deposits ‫حسابوديع ة ا لتوفير‬ 2 providing Loans and advances ‫ف‬ ( ‫)م نح ا لقروضوا لسل‬ A. cash credit ‫حساب قديدائن‬ ‫ن‬ B overdraft‫ا لسحبعلىا لمكشوف‬ C ordinary or clean Loan ‫ق روضم باشرة عادية‬ D discounting of bills ‫خصم ا ألوراقا لتجارية‬ Acceptance of deposits (‫)ق بولا لودائع‬ The first important function of a bank is to accept deposits from those who can save but cannot profitably utilise their savings themselves. People find depositing in banks more rational because by doing so they earn interest and also avoid the damage of theft ‫ الوظيفة المهمة األولى للبنك هي قبول الودائع من أولئك الذين يمكنهم‬- ‫قبول الودائع‬ ‫ يجد الناس أن اإليداع في البنوك أكثر‬.‫االدخار ولكن ال يمكنهم استخدام مدخراتهم بشكل مربح‬ ‫ضا أضرار السرقة‬ ً ‫عقالنية ألنهم من خالل القيام بذلك يكسبون الفائدة ويتجنبون أي‬ The bank accepts three types of deposits : ● fixed deposits ‫حساب لوديع ة ا لثابتة‬ ‫ا‬ ● current deposits ‫حساب لوديع ة ا لجارية‬ ‫ا‬ ● savings Deposits ‫حسابوديع ة ا لتوفير‬ ● fixed deposits ‫حساب لوديع ة ا لثابتة‬ ‫ا‬ Fixed Deposit Account- Money in these accounts is deposited for fixed period of time (say one,two or five years) and cannot be withdrawn before the expiry of that period. The rate of interest on this account is higher than that on other types of deposits. The longer the period, the higher will be the rate of interest. Fixed deposits are also called time deposits ‫ يتم إيداع األموال في هذه الحسابات لفترة زمنية‬- ‫حساب الوديعة الثابتة‬ ‫محددة (على سبيل المثال سنة أو سنتين أو خمس سنوات) وال يمكن‬ ‫ معدل الفائدة على هذا الحساب أعلى من‬.‫سحبها قبل انتهاء تلك الفترة‬ ‫ تسمى‬.‫ كلما ارتفع سعر الفائدة‬،‫ كلما طالت الفترة‬.‫أنواع الودائع األخرى‬ .‫ضا الودائع ألجل أو االلتزامات الزمنية‬ ً ‫الودائع الثابتة أي‬ ●current deposits ‫حساب لوديع ة ا لجارية‬ ‫ا‬ Current Deposit Account-These accounts are generally maintained by traders and businessmen who make two or more payments everyday. This amount can be withdrawn anytime. No interest is paid on these accounts. The depositors have to pay certain incidental charges to the bank for the services rendered by it. Current deposits are also called demand deposits or demand liabilities. ‫ يتم االحتفاظ بهذه الحسابات بشكل عام من قبل التجار ورجال األعمال‬- ‫حساب الوديعة الجارية‬ ‫ وال يتم دفع أي‬.‫ يمكن سحب هذا المبلغ في أي وقت‬.‫الذين يقومون بدفع دفعتين أو أكثر كل يوم‬ ‫ يتعين على المودعين دفع رسوم عرضية معينة للبنك مقابل الخدمات‬.‫فائدة على هذه الحسابات‬ .‫ضا الودائع تحت الطلب أو التزامات الطلب‬ ً ‫ وتسمى الودائع الجارية أي‬.‫التي يقدمها‬ ●savings Deposits ‫حسابوديع ة ا لتوفير‬ Saving Deposit Account-The aim of these accounts is to encourage and mobilise small savings of the public. Certain restrictions are imposed on the depositors regarding the number of withdrawals and the amount to be drawn in a given period. Cheque facility is provided to the depositors. Rate of interest paid on these deposits is low as compared to that on fixed deposits. ‫حساب وديعة التوفير – الهدف من هذه الحسابات هو تشجيع وتعبئة المدخرات الصغيرة‬ ‫ يتم فرض قيود معينة على المودعين فيما يتعلق بعدد عمليات السحب والمبلغ‬.‫للجمهور‬ ‫ معدل الفائدة‬.‫ يتم توفير تسهيالت الشيكات للمودعين‬.‫الذي سيتم سحبه في فترة معينة‬ .‫المدفوعة على هذه الودائع منخفض مقارنة بالودائع الثابتة‬ providing Loans and advances ‫سلف‬ ( ‫)م نح ا لقروضوا ل‬ ● cash credit ‫حساب قديدائن‬ ‫ن‬ ● overdraft‫ا لسحبعلىا لمكشوف‬ ● ordinary or clean Loan ‫ق روضم باشرة عادية‬ ● discounting of bills ‫خصم ا ألوراقا لتجارية‬ cash credit ‫حساب قديدائن‬ ‫ن‬ Cash Credit Account: A cash credit account is a type of bank account through which a bank allows payments in excess of the available bank balance, up to a certain specified limit resulting in a negative or credit bank balance. ‫هو نوع من الحسابات المصرفية التي يسمح البنك من خاللها بدفع مبالغ تزيد عن الرصيد‬ .‫ حتى حد معين محدد مما يؤدي إلى رصيد بنكي سلبي أو دائن‬،‫البنكي المتاح‬ overdraft‫ا لسحبعلىا لمكشوف‬ Overdraft – a negative balance in an account that could happen if one makes a purchase with a debit card or writes a check for an amount that exceeds the account’s available balance. ‫رصيد سلبي في الحساب يمكن أن يحدث إذا قام الشخص بإجراء عملية شراء باستخدام‬ .‫بطاقة الخصم أو كتابة شيك بمبلغ يتجاوز الرصيد المتاح في الحساب‬ ordinary or clean Loan ‫ق روضم باشرة عادية‬ An ordinary or clean loan is a type of loan that is considered to be low risk for the lender. This means that the lender is confident that the borrower will be able to repay the loan in full and on time. Ordinary or clean loans typically have the following characteristics: The borrower has a good credit history. This means that the borrower has a history of repaying their debts on time and in full. The borrower has a stable income. This means that the borrower has a steady and reliable source of income that is sufficient to cover their monthly loan payments. The loan is secured by collateral. This means that the borrower has pledged an asset, such as a car or house, to the lender as security for the loan. In the event that the borrower defaults on the loan, the lender can seize the collateral and sell it to recoup their losses. Ordinary or clean loans typically have lower interest rates than other types of loans, such as highrisk loans. This is because the lender is less likely to lose money on an ordinary or clean loan. Here are some examples of ordinary or clean loans: Personal loans, Auto loans, Home equity loans discounting of bills ‫خصم ا ألوراقا لتجارية‬ What is discounting of bills? Discounting of bills, also known as invoice discounting, is a financial transaction in which a business sells its outstanding invoices to a thirdparty financier at a discounted price. The financier then assumes responsibility for collecting the payments from the business's customers. Banking departments The Personal Banking Services Department The Personal Banking Services Department: is concerned with meeting the needs of individuals, such as opening bank accounts, providing transportation services, money transfers, and issuing credit cards. . The Corporate Banking Department The Corporate Banking Department focuses on meeting the needs of companies and institutions by providing bank account management, financing and commercial credit services Credit and Loan Department Credit and Loan Department: Handles loan and credit applications from customers. Provides the necessary basic consultations and determines the requirements and types of payment. The Investment and Financial Planning Department The Investment and Financial Planning Department helps clients achieve their financial goals by providing investment and financial planning services such as investment, insurance and retirement funds. Any Question