- A -
Affinity Cards
Cards issued by Bangkok Bank in co-operation with partners, such as Visa and MasterCard, which can be used to purchase products and services worldwide.
Appraisal Fee
Fee charged by an authorized person to estimate, but not determine, the market value of property or real estate for the purpose of securing a mortgage loan.
ATS Pool Service
ATS stands for Automatic Transfer System. The ATS Pool is a service in which funds are deducted and automatically transferred to the brokers at the Stock Exchange of Thailand for a brokerage fee payment.
Aval
A guarantee added to a debt obligation by a third party who ensures payment should the issuing person default.
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- B -
Bancassurance
A French term referring to the selling of insurance through a bank’s established distribution channels.
Bank
A business establishment in which money is kept for saving or commercial purposes or is invested, supplied for loans, or changed.
Bank mail
An e-mail channel used to communicate between Bangkok Bank and a member of the Bualuang iBanking service.
BahtNet
A third-party fund transfer service through the Bank of Thailand’s Automated High Value Transfer Network.
Be1st card
Debit card issued by Bangkok Bank which can be used to make an electronic withdrawal from funds on deposit in a bank, as in purchasing goods or obtaining cash advances.
Bill Collector
Bangkok Bank’s service for collecting payments from customers in the provinces.
Bills for Collection
This service helps customers collect and track payments from cheques which have been paid to them from throughout the country.
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- C -
Cash Advance
Loan taken out against a line of credit or credit card, typically imposing higher-than-normal interest charges.
Cashier’s Cheque
A cheque drawn by the bank upon itself and thus secured by the issuing bank.
Capital Augmented Preferred Securities (CAPS)
These instruments are a mixture of debentures and preference shares which were issued by Bangkok Bank as an interest-bearing investment in 1999.
Cheque
A written, dated and signed instrument from the drawer that directs a bank to pay a definite sum of money to the person’s order on demand.
Collateral
Properties or assets that are offered and pledged by a borrower to a lender until a loan is repaid.
Credit Bureau
Agency that gathers individual credit information and sells it for a fee to creditors so they can make a decision on granting loans.
Credit Card
Card issued by a bank, authorizing the holder to buy goods or services on credit and pay for them later.
Current Account
Deposit account at a commercial bank, savings bank, or savings and loan; it doesn’t normally pay interest, and includes a cheque book.
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- D -
Direct Debit
Method of payment in which the payer authorizes the payee to remove funds from the payer’s bank account.
Draft
Written order by one party directing a second party to make payment to a third party.
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- E -
Electronic Data Capture (EDC)
On-line terminal automatically linked to Bangkok Bank’s automatic authorization credit card system that provides real-time transaction validations.
Exchange Rate
Price for exchanging currency at which one country’s currency can be converted into another’s.
Export Credit Insurance (ECI)
Insurance cover, provided by Bangkok Bank in co-operation with the Export -Import Bank of Thailand, that protects against the possibility of cancelled payments from buyers and buyers’ banks.
Express Banking
Booth Bualuang Express Booths equipped with a set of four machines that provide customers with everyday banking services. The four machines are an Automatic Teller Machine (ATM), Cash Deposit Machine (CDM), Express Drop Box (EDB), and Passbook Update Machine.
Express Collection
A system that enables fast-track clearance for cheques that fall outside of the regular clearing zone and that credits a customer’s home branch account on agreed dates.
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- F -
Fixed Account
Deposit account at a commercial bank that pays interest, usually on a day-of-deposit to a due-date basis.
Forward Contract
Transaction in which buyers log in a specified foreign exchange rate for buying or selling foreign currencies which they will pay for or receive in the future.
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- H -
Home Branch
The branch where a customer originally opens an account.
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- I -
Inter Company Pooling
Service available to Bangkok Bank’s corporate cash management customers. The customer assigns the bank the authority to calculate interest payments on loans made between various customer-owned companies.
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- J -
Joint Account
A bank account owned jointly by two or more people. Joint accounts may be set up in two ways: 1) either all parties to the account must sign cheques and approve all withdrawals 2) any one party can take such actions on his or her own.
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- L -
Letter of Credit
Document issued by a bank to guarantee a payment for an international trade transaction by a customer for a stated amount and for a specific time.
Liquidity
Degree to which an asset or security can be bought or sold in the market without affecting the asset’s price.
Loan
Money or property is given from one party(lender) to another party(the borrower) subject to certain conditions. The borrower usually agrees to return the property or repay the borrowed money, along with interest, at a predetermined date in the future.
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- M -
Micro branch
A mini-branch of Bangkok Bank located in a convenient place, such as a department store, shopping plaza, supermall, office building or university. Micro branches are normally open during the same hours as the host premises.
Minimum Lending Rate (MLR)
Interest rate which a commercial bank charges its most credit-worthy major borrowers on loans with pre-specified repayment schedules.
Minimum Overdraft Rate (MOR)
Interest rate which a commercial bank charges its most credit-worthy major borrowers on overdrafts.
Minimum Retail Rate (MRR)
Interest rate which a commercial bank charges its most credit-worthy retail borrowers on loans.
Mortgage
Loan secured by property collateral that the borrower is obliged to pay back over a pre-determined period of time.
Mutual Fund
Fund which is raised from customers and operated by an asset management company to invest in the stock, bond and money markets.
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- N -
Net Asset Value (NAV)
Market value of a fund share, synonymous with the bid price.
Non-performing Loan (NPL)
Loan of which the principal and/or the interest have not been paid for three months or more after the due date specified in the contract.
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- O -
On-line Retail Fund Transfer (ORFT) Fund transfer to another bank’s account via ATM channel.
Options
The rights to buy or sell foreign currencies, at a specified exchange rate and amount, at a specific future date.
Overdraft
Extension of a credit line which thereby allows the borrower to access his or her account for an amount exceeding the available balance.
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- P -
Passbook
Book issued by a bank to record deposits, withdrawals, and interest earned in an account.
Power of Attorney
Written document that authorizes a particular person to perform certain acts on behalf of the person signing the document.
Private Fund
A tailored package of investments which is available to private individuals, groups of two to nine persons of the same nationality; or an incorporated body with an investment of over 20 million Baht.
Promissory Note
Written promise to pay or repay a specified sum of money at a stated time or to the order of another person called the payee.
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- R -
Refinance
Replacement of an older loan with a new loan offering better terms.
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- S -
Savings Account
Deposit account at a commercial bank, savings bank, or savings and loan; it pays interest, usually from a day-of-deposit to day-of-withdrawal basis.
SMART
It stands for System for Managing Automated Retail Funds Transfers. With this service, a customer can pay for goods or services, or transfer funds to another bank’s account without making a single bank visit.
Swaps
The exchange of cash flow from one currency to another at a specified amount, exchange rate and future date.
Sweeping
Service by which the bank transfers funds between a company’s accounts at the end of each day to maximize returns or minimize costs on interest rates.
SWIFT
It stands for Society for Worldwide Interbank Financial Telecommunication. Please advise your bank of our SWIFT Address as BKKBTHBK when you transfer funds from abroad.
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- T -
Telefax
Fax service for managing business accounts through fax; it includes a printed receipt.
Trust Receipt Finance
Bridging finance for exporters, enabling them to take charge of their goods, even though final documentation has not been completed.
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- Z -
Zip Zap
Off-line receipt imprinter which enables retail merchants to accept credit cards for Point-Of-Sale Purchases. |
