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  1. #1
    LwyrFirat is offline Member
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    Default International First Class Bank

    In our one of the contracts, it says that the 'Performance Guarantee' should be provided from an 'International First Class Bank' are there any standards for banks to gain this title? or is there any list to learn whether a bank is internationally first class or not. My question seems about a business rahter than English, but could you please tell me that whether this phrase is a genaral english term or a standard business term which talks about particular banks?

    Thanks in advance.

  2. #2
    LwyrFirat is offline Member
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    Default Re: International First Class Bank

    Sorry for flooding , but haven't you got any answer?

  3. #3
    Anglika is offline No Longer With Us
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    Default Re: International First Class Bank

    Quote Originally Posted by LwyrFirat View Post
    In our one of the In one of our contracts, it says that the 'Performance Guarantee' should be provided from an 'International First Class Bank'. Are there any standards for banks to gain this title or is there any list to learn whether a bank is internationally first class or not? My question seems about a business rather than English, but could you please tell me that whether this phrase is a general English term or a standard business term which talks about particular banks?

    Thanks in advance.
    I know of no such categorization or list. I would expect a first class bank to be one that has a good capital base, good business practices, and is responsive to its investors and clients. Preferably one that is not into major risk taking.

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