Banking and Bank organisations

Law of contracts

Define Elements of a contract

Define Breach of contract and remedies

Define interbank relationships

Discuss the relationships, requirements, characteristics and responsibilities of a correspondent bank.

Describe the role of central banks, structure and objectives.

Define the instruments of monetary policy

Describe the duty of confidentiality.

Identify exceptions

Explain bank liability

Define undue influence, duress and third-party behaviour.

Define payment methods

Describe facility and its repayment

Define trade finance

Security and the rationale behind it

Define international banking

Learning Outcomes

• Analyse and apply particular local or international banking law relating to banker-customer relations

• Define, classify and differentiate between customers based on their contractual relationship with the bank.

• Discuss and evaluate the role of central banks, their typical structure and objectives

• Discuss basic types of contracts and interpret contract terms, including payment methods, discharging obligations and confidentiality.

• Interpret the relationships, requirements, characteristics and responsibilities of a bank from a legal prospective.