Core
BFN301: Practice of Banking
BFN 301: Practice of Banking is a three-credit course for students offering B.Sc. Banking and Finance in the School of Management Sciences. The course consists of eighteen (18) units, that is, three (3) modules of six (6) units for each module.
The material has been developed to suit undergraduate students in Banking and Finance at the National Open University of Nigeria (NOUN) by using an approach that analyzes the practice of banking. A student who successfully completes the course will surely be in a better position to handle the intricacies of practical banking operations.
What Will You Learn?
This course will introduce you to some fundamental aspects of financial systems generally. It also includes: Banking Operations in Nigeria; Types of Banking Operations in Nigeria; Banker and Customer Relationship; Accounts of Customers; Specialize Bank Accounts of Customers; Negotiable Instruments; Duties of Paying Banker and Collecting Banker; Other Services offered by Banks; Relationships with Limited Liabilities Companies: Loans and Advances; Bankruptcy; Securities for Bankers Advances; Securities and Loan Recovery; Land and Security; Life Policies and Shares as Collaterals; Shares Guarantees; Debentures; Other Forms of Securities; and Guarantees for Loans and Advances
Teacher Of Course
Includes
By the end of this course, you should be able to:
(i) Discuss Banking Operations in Nigeria;
(ii) Mention and Explain Types of Banking Operations in Nigeria;
(iii) Explain Banker and Customer relationship;
(iv) Identify and Discuss Accounts of Customers;
(v) Mention and Explain Specialize Accounts of Customers;
(vi) List and Discuss Negotiable Instruments;
(vii) List the Duties of Paying and Collecting Bankers;
(viii) Mention and explain Other Services of Banks;
(ix) Discuss Relationships with Limited Liability Companies in relation to Loans and Advances;
(x) Discuss Bankruptcy;
(xi) Mention and Discuss Securities for Bank Advances;
(xii) Discuss Securities and Loan Recovery;
(xiii) Discuss Land and Security;
(xiv) Explain Life Policies and Shares as Collaterals;
(xv) Discuss Shares Guarantees;
(xvi) Explain Debentures;
(xvii) Mention and Discuss Other Forms of Securities; and
(xviii) Discuss Guarantees for Loans and Advances.
The course guide tells you briefly what the course is about, what course materials you will be using and how you can work your way through these materials. It suggests some general guidelines for the amount of time you are likely to spend on each unit of the course in order to complete it successfully. It also gives you some guidance on your tutormarked assignments. Detailed information on tutor-marked assignment is found in the separate assignment file which will be available in due course.
Course Display
Core
Course Department
Course Features
Banking Operations in Nigeria
Banker and Customer relationship
Accounts of Customers
Negotiable Instruments
Paying and Collecting Bankers
Other Services of Banks
Relationships with Limited Liability Companies in relation to Loans and Advances
Bankruptcy
Securities for Bank Advances
Securities and Loan Recovery
Land and Security
Life Policies and Shares as Collaterals
Shares Guarantees
Debentures
Other Forms of Securities
Guarantees for Loans and Advances