Hi
will you please let me know the basis of fixation of % of guarantee commission on corporate guarantee?
K.Tulasi Ram (Manager - Projects) (34 Points)
27 September 2009Hi
will you please let me know the basis of fixation of % of guarantee commission on corporate guarantee?
seenivasa varathan
(MANAGER(ADMN))
(158 Points)
Replied 29 September 2009
Normally the banks are charging commission @ 3 % p.a.on bank guarantees.
Either you may charge the same rate of commission on corporate guarantee or you may bargain with your associate company for better commission .
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
CAclubindia
