Authorized investment has different meanings depending on the context and location. Laws in many countries require banks to invest deposited funds in low-risk securities. Trust agreements often include a list of authorized investment options, and investment brokers must obtain written statements from clients for fiduciary powers. Employees must follow general guidelines when investing funds on […]
Chartered banks are approved by national governments to process payment transfers that would otherwise be handled by central banks. They can handle payments for government agencies and national benefit programs, and help create an accounting record that is secure and less likely to be tampered with. These banks must meet specific criteria set by the […]
