Insider Trading. Insider trading is a poorly defined concept with roots in adverse selection theory and the efficient market hypothesis (EMH). The popular notion is that insiders have an unfair advantage because they possess materially significant and non-public information â an informational asymmetry.
In format, a letter of guarantee is normally a short document that addresses a specific transaction. The text contains data that establishes the identity of the buyer, his or her relationship with the bank, and the nature and general value of the asset that is pledged as collateral.
Share to:   Answer   Confirmed A confirmed letter of credit is when a second guarantee is added to the document by another bank. The advising bank, the branch or the correspoâ¦ndent through which the issuing bank routes the letter of credit, adds its undertaking and commitment to pay to the letter of credit.