Aval


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Aval

Term meaning inseparable from the financial instrument. This gives a guarantee and is abstracted from the performance of the underlying trade contract: Article 31 of the 1930 Geneva Convention of the Bills Of Exchange states that the aval can be written on the bill itself or on an allonge. US Banks are prohibited from avalizing drafts.

Aval

A third party guarantee, especially by a bank, that ensures payment on a note, bond, or other debt instrument in the event of default. This is practiced in Europe more often than in the United States, as American banks have tighter restrictions on bank guarantees.
References in periodicals archive ?
Sasan Aval can be contacted through Berkshire Hathaway HomeServices California Properties at 949-295-2573 mobile, 949-644-6200 office or Sasan@SasanAval.
He worked as a financial analyst and profit forecaster at Procter & Gamble in Cincinnati and spent several years at a New York bank owned by Grupo Aval.
Nick Tesseyman, EBRD Managing Director Financial Institutions, said: By becoming an equity partner, the EBRD is strengthening the capital base of Raiffeisen Bank Aval alongside with RBI, contributing to a much-needed recapitalisation of Ukraine s banking sector as a whole and deepening its long-standing cooperation with Raiffeisen Bank International, a major international banking group.
Cet aval a ete obtenu par une ecrasante majorite des senateurs, qui sont convenus de la necessite d'effectuer ces amendements sur la loi.
Raiffeisen Aval Bank is an exciting addition to our global customer base, and we are proud to enroll one of the largest banks in Ukraine into our Users' Group," says Bo H.
As announced at the start of December, Raiffeisen Aval will continue with its job cuts.
The partnership with the EBRD is a confirmation of Raiffeisen Bank Aval s stability as well as strength and it proves that RBI is on the right track in the challenging environment provided in Ukraine at the same time , said Karl Sevelda, RBI s CEO and Chairman of Raiffeisen Bank Aval s Supervisory Board.
Colombia-based banking group Grupo Aval is looking to raise close to USD1.
SeeNews) - Dec 3, 2013 - Russian Alfa-Bank denied a report suggesting it is in negotiations with Austrian Raiffeisen Bank International (WBAG:RBI), or RBI, about the takeover of the latter's Ukrainian subsidiary Raiffeisen Bank Aval.
L'administration americaine a annonce que le Congres avait donne son aval a presenter des aides deja allouees a l'Egypte, et declarees par le secretaire d'Etat americain, John Kerry, lors de sa recente visite au Caire.
The General Manager of ICSS, Aval Adam Arnold Zamoram, said the first regional hospital Medical Complex of the West (Comoci) will be in the city of Quetzaltenango.
Raiffeisen Aval in Ukraine will get EUR 100 million, while the units in Russia and Romania will receive EUR 25 million each.