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A bond is issued by a guarantor, usually a bank or an insurance company, on behalf of exporter. It is a guarantee to the buyer t
A bond is issued by a guarantor, usually a bank or an insurance company, on behalf of exporter. It is a guarantee to the buyer t
admin
2013-12-25
62
问题
A bond is issued by a guarantor, usually a bank or an insurance company, on behalf of exporter. It is a guarantee to the buyer that the exporter will fulfill his contractual obligations. If these obligations are not fulfilled, the guarantor undertakes to pay a sum of money to the buyer in compensation. This sum of money can be anything from 1% to 100% of the contract value.
If the bond is issued by a bank, then the exporter is asked to sign a counter indemnity which authorizes the bank to debit his account with any money paid out under the bond.
Bonds are usually serried in connection with overseas contracts, or with the supply of capital goods and services. When there is a buyer’ s market, the provision of a bond can be made an essential condition for the granting of the contract. Middle Eastern countries commonly require bonds, but nowadays many other countries also require them. Most international aid agencies, such as the World Bank or the European Development Fund, and most government purchasing organizations in the developing world, now require bonds from sellers.
Bonds are commonly used in the Middle East area, so______.
选项
A、the Middle East banks often issue bonds
B、the Middle East exporters often demand bonds
C、the Middle East insurance companies often issue bonds
D、none of the above three is correct
答案
D
解析
中东之所以需要出具保函是因为中东有很大的buyer’s market,并不是因为中东银行要保函,也不是因为中东出口商需要保函,也不是因为中东的保险公司需要保函。
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本试题收录于:
FECT综合(现代金融业务)题库金融英语(FECT)分类
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FECT综合(现代金融业务)
金融英语(FECT)
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