Definitions/Meaning of “off-balance sheet transactions” - NEPAL MONETARY SOLUTIONS (NMS)

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Thursday, February 13, 2014

Definitions/Meaning of “off-balance sheet transactions”

  • “off-balance sheet transactions” means transactions relating to letters of credit, letters of guarantee, letters of acceptance, commitments, swaps, options and forward foreign exchange transactions for which a bank or financial institution may be required to bear liability and similar other transactions