Questions from Customers
Back- Akif Rəhimli
- Date: 1 December, 2021
- 32100
- Subject: Business
What is beneficiary? What is beneficiary account opened in Kapital Bank?
- Kapital Bank
- Date: 23 November, 2024
Beneficiary - Customer - means an individual who owns a legal entity, exercises control and management, along with benefiting from it and has influence in decision-making. The beneficiary-customer concept arising from the guarantees provided by Kapital Bank is to minimize the risks in case of non-fulfillment of contractual obligations due to deterioration of the buyer`s financial condition, as well as to receive funds quickly and simply in case of breach of contractual obligations by the buyer.
For more details about the obligations assumed for beneficiary-customer, go to Guarantees.