Professional Banking Fundamentals

Chapter 1 - The Business of Banking

Chapter 2 - Ethics in Business

  • Royal Commission into Misconduct in The Banking, Superannuation and Financial Services Industry

    • Obey the law.
    • Do not mislead or deceive.
    • Act fairly.
    • Provide services that are fit for purpose.
    • Deliver services with reasonable care and skill.
    • When acting for another, act in the best interests of that other.

  • Five step process for resolving ethical dilemmas

    1. Recognise and define

      Recognise the ethical dilemma

    2. Potential actions

      Look at the facts of the situation including what are the available options

    3. Discuss with others

      Talk about your chosen action

    4. Implementation

      Implement your chosen action

    5. Review

      Review the outcome

  • Pyramid of Corporate Social Responsibility

    • Philanthropic responsibilities
    • Ethical responsibilities
    • Legal responsibilities
    • Economic responsibilities

Deposit

Instrument

Instrument - Bills of Exchange

Used in international trade to pay for goods or services

Instrument - Promissory Notes

本票 / 期票

  • A written promise
  • 拥有法律效力
  • 本票与欠条的区别在于，前者承诺一定付款，后者仅仅只是承认债务的存在。
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