by
Abdul Khalique , Finance Manager , Value Real Estate & Construction
Matters which would be included in a bank confirmation:-Balances due to or from the bank, the letter may give the account number, description and currency, and should request information on nil balances and accounts closed during the period. -Collateral given or received, maturity and interest terms, unused facilities, lines of credit and any rights of offset or other rights or encumbrances. -Terms and repayments conditions of loan and overdrafts.
-Assets held in safe custody any encumbrances over them.