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*Include all types of stocks and shares, bonds which are considered as a type of investment for
different firms and individuals.
* Services concerning the financial papers:
1- Keeping financial papers for safety.
2- Collecting the coupons of the financial papers.
3- Buying and selling the financial papers.
4-Issuing the financial papers on behalf of companies.
5- Paying the dividends (Coupons) of the financial papers on behalf of the companies.
6- Lending by the guarantee of financial papers.
First: Keeping financial papers for safety.
* The service provided by the bank to his customers. The customer presented financial papers to
the bank to keep them for safety.
*These financial papers are owned by the customer, not by the bank.
1- The bank records the receiving of financial papers from the customer as a contra account
entry.
Fees xx
3- The customer withdraw the financial papers again , and the bank reverses the contra account
entry.
2- When the bank collects the money of these coupons, it deducts fees from money.
Local bank xx
or cash xx
Commission xx
Credited current account xx
3- After collecting the money from his customer, the bank has to reverse contra account entry.
*If The same bank (Cairo bank ) is responsible for distributing dividends of ABC company
and collecting money for his customer (Mohamed ) as well.
لو البنك اللى اصدر الساهم هوهو البنك بتاع العميل اللى عاوز يجمع ارباحها
* The bank records contra account entry , as there are some coupons due to be collected for the
customer.
Commission xx
Credited current account xx
3- After collecting the money , the bank has to reverse the contra account
Different bank
Local bank / cash xx
1- The bank makes contra account entry to control the operation between the bank, broker and
the customer. البنك هينفذ امر البيع والشراء عن طريق شركة السمسره بتاعته.
2- when the broker implements this procedure , the bank will record this transaction.
Broker of F.P xx
Cash xx
*If Broker has current account
Broker of F.P xx
Cash xx
4- As The transaction is completed by buying the financial papers , the bank reverses the contra
account entry. هنعكس اول قيد
Cash xx
2- When the broker informs the bank that he bought the required financial papers for the
customer.
Commission xx
Charges xx
Broker of F.P xx
3- When the bank pays the amount to the broker cash or to his current account.
Broker of F.P xx
Cash xx
2- Buying financial papers for the bank itself
* When the broker sends notes to the bank that he bought the required financial papers .
Cash 980
Portfolio xx
هسجل الوراق الماليه فى القيد ده بسعر التكلفه
*In Case of profit: When the broker sends note to the bank informing that he sold financial
papers with net profit.
* Companies issued the financial papers and may ask the bank to pay the coupons on behalf of
them. يعنى الشركه بتخلى البنك يوزع الرباح اللى على اساهمها
* The company calculates amount of coupons that will be due and asks the bank to transfer the
amount from company’s current account .
*suppose: that ( the amount is $10000 for the coupon NO.4 and commission 1000
* If the company has no current account with the bank, it will be paid in cash.
Cash 11000
* The bank in paying the amount of Coupon to holders of financial papers , has different
methods.
1- The holders of financial papers are customers of the bank, and have current account and asked
the bank to collect their coupon.
2- If the holders aren’t customers of the bank but, they asked the bank to collect coupons for
them.
Cash 1480
commission 20
3- If the holders of coupons are customers in another bank and ask their bank to collect coupons
for them.
4- the holders could be customers of another branch of the bank and ask the bank to collect the
coupon.
Coupon No.4 of Co xx
Branch xx
Commission xx
Revenue of F.P xx
* Sometimes, The corporation issues their stocks and asks the bank to represent the company in
receiving amount of subscription.
* The people apply for this subscription and pay to the bank.
Cash xx
Stock Subscription of Co. xx
(Name)
2- Suppose the customer asks the bank to transfer the amount from his current account.
4- The customer may ask his branch to pay for his subscription.
Branch Account xx
portfolio xx
6- At the end of The subscription period, The bank transfers all these subscription to the
company’s Current account.
Sixth: Lending guarantee by Financial papers. اعطاء قروض بضمان الوراق الماليه
* IF customers need some money, he asks the bank for a loan and the bank should have
guarantee, against the loan.
* There are some conditions required by the bank in the financial papers agreed to be used and
accepted by the bank as guarantee for lending.
بعض الشروط الخاصه بالوراق الماليه علشان البنك يقدمها كضمان
1- The bank has to record contra account entry when receiving financial papers as guarantee for
lending.
3- At the end of each month , the bank calculates the interest and added to debited current
account.
Interest Revenue xx
Cash xx