DOCSLIB.ORG

Spend Overseas from Citibank Debit Mastercard and Enjoy up to 3 Privileges, Total Value of THB 140,000

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Spend Overseas from Citibank Debit Mastercard and Enjoy up to 3 Privileges, Total Value of THB 140,000 Spend overseas from Citibank Debit Mastercard and enjoy up to 3 privileges, total value of THB 140,000 Terms and Conditions for “Get Cashback 5%” Campaign (Privilege 1) 1. To be eligible for this campaign, participants must successfully registered by simply turn on Citibank Global Wallet feature on their Citi Mobile Application and spend from foreign currency account only. Payment in foreign currency which deducted from Citibank Global wallet will be in the local currency in the country that payment is made. In the case that payment is made in other countries outside scope of foreign currencies offered by Citibank Global Wallet, Thai Baht will be deducted instead and customer will not be eligible for this campaign. 2. This campaign is for the minimum overseas spending of THB 20,000 equivalent through Citigold Debit Mastercard Citi Priority Debit Mastercard and Citibank Debit Mastercard from 26 Jul ’19 – 31 Dec ’19. 3. The overseas spending amount of THB 20,000 equivalent refers to using Citigold Debit Mastercard, Citi Priority Debit Mastercard and Citibank Debit Mastercard to pay for goods and services at the point-of-sale with accumulated spending amount of THB 20,000. There is no minimum spending per sales slip. This program does not include cash withdrawal through ATM. 4. The Bank may require participants who participate in this program to pay for applicable withholding tax on any rewards received through the program, including but not limited to cash rebates that participants receive to the Revenue Department. Such rewards are considered taxable personal income which must be included in personal income tax calculation. Participants have a duty to disclose the source and the value of rewards received as well as to file personal income tax declaration form as required by law. Nevertheless, participants may request a letter confirming the value of the rewards from the Bank. 5. If client has total spending from Debit Mastercard that meets the program requirement, client will receive cash rebate by splitting rebate timeline into 2 periods; first periord for spendings during 26 Jul '19 to 30 Sep '19 and second period for spendings during 1 Oct '19 to 31 Dec '19. The cash rebate will be received within 60 days after the end of each period. 6. Participants who successfully meet the criteria of the terms and conditions will receive maximum cash rebate of THB 5,000 for Citigold customer and THB 2,000 for Citi Priority and Citibanking customer during the whole campaign period. Participants who already receive maximum cash rebate of THB 5,000 (Citigold customer) or THB 2,000 (Citi Priority and Citibanking customer) during the first period will not eligible for additional cash rebate during second period. 7. Cash rebate will be credited to the THB account linked with your Citibank Debit Mastercard, Citi Priority Debit Mastercard or Citigold Debit Mastercard. 8. The amount of the spending will be calculated using the Citibank foreign exchange rate on the date of the fund settlement or debited from customer’s account which may be different from the transaction date. 9. In case that participant’s spending does not reach THB 20,000 equivalent, participant will not receive cash rebate. 10. U.S. persons are not eligible for this program. 11. The Bank reserves the rights to terminate this program or to vary, delete, or add to any of these terms and conditions as appropriate without prior notice. 12. In case of any dispute, the Bank’s judgment is deemed absolute and final. Terms and Conditions for “Top 100 Spenders and top 3 spenders” Campaigns (Privilege 2 and 3) 1. To be eligible for the program, customers must have minimum total overseas spending through Citigold Debit Mastercard, Citi Priority Debit Mastercard, or Citibank Debit Mastercard of THB 100,000 equivalent from 7 October 2019 to 31 December 2019 2. Overseas spending refers to using Citigold Debit Mastercard, Citi Priority Debit Mastercard and Citibank Debit Mastercard to pay for goods and services in any currency including THB at the point-of-sale overseas. There is no minimum spending per sales slip. This program does not include cash withdrawals from ATM 3. The top 100 customers by total spending volume will receive one Club Marriott Thailand Membership Card and complimentary buffet lunch or dinner vouchers for 2 persons valid at the following participating hotels in Bangkok, total value THB 9,260 • JW Marriott Hotel Bangkok • Bangkok Marriott Marquis Queen’s Park • Renaissance Bangkok Ratchaprasong Hotel • Bangkok Marriott Hotel Sukhumvit • Bangkok Marriott Hotel The Surawongse • Royal Orchid Sheraton Hotel & Towers • The Westin Grande Sukhumvit Bangkok 4. The dining vouchers exclude Sunday Brunch and have blackout periods including Christmas Eve and Day, New Year’s Eve and Day, Valentine's Day, Chinese New Year, Songkran, Mother's Day, Father's Day, Thanksgiving, Loy Krathong, Easter Day 5. A valid Club Marriott Thailand Membership Card and certificate which bear the same membership number must be presented at the restaurant. The vouchers cannot be used in conjunction with any other certificates or promotion. 6. After the end of the program period, Citibank will send the names and contact details of eligible top spenders to Club Marriott to issue the membership card and vouchers. Club Marriott may contact the customers to confirm card issuance details. If a customer has an existing Club Marriott Thailand Membership Card, he/she may choose to issue the card in another person’s name 7. The Club Marriott Thailand Membership Card and dining vouchers will have a 1-year validity from issuance date 8. In addition, the top 3 customers by total spending volume will receive a 3-day, 2-night stay for 2 persons at W Koh Samui, private pool villa type "Ocean View Escape", total value THB 127,500, including • Daily breakfast for two persons at The Kitchen Table • One Japanese set dinner at Namu, Japanese restaurant for two persons (food only) • High speed internet access throughout the hotel • Access to SWEET SPOTs offering a wide selection of soft drinks and ice cream. Free of Charge, All day – Every day 9. The W Koh Samui vouchers will be valid until 20 December 2020, with blackout periods of 24 January 2020 – 1 February 2020 and 29 September 2020 – 06 October 2020 10. Eligible customers will receive the Club Marriott Thailand Membership Card, dining vouchers and hotel vouchers by postal mail to the customer’s mailing address registered with Citibank within 60 days after the end of program period 11. The top 100 spenders’ names will be posted on Citibank Thailand Facebook page within 60 days after the end of program period 12. US persons are not eligible for this program 13. The spending volume in THB equivalent will be calculated using Citibank’s foreign exchange rate on the date of the fund settlement or debited from customer’s account which may be different from the rate on transaction date 14. Terms and conditions of Club Marriott and W Koh Samui apply 15. Citibank reserves the rights to terminate this program or to vary, delete, or add to any of these terms and conditions as appropriate without prior notice 16. Citibank reserves the rights of final decision on any disputes arising out of or in connection with this program Citibank, N.A. © 2019 Citigroup Inc. Citi and Arc Design is a registered service mark of Citigroup Inc..
Load more

Recommended publications
  • Citigroup Giving in Asia Pacific
    Citigroup Giving in Asia Pacific 2005 Community Annual Report contents Cover: Chinese microentrepreneur, Zhao Xiufen from 2 citigroup Giving In Asia Pacific Yi County in Hebei Province, is one of a growing number of microfinance clients in China. Microfinance helps to reduce poverty through increased access to basic Priorities: financial services like credit. To support the development 4 Microfinance of the country’s microfinance sector, Citigroup has given 6 Financial Education a US$1.5 million grant to set up China’s first national 8 Educating The Next Generation microfinance training centre and microfinance association. 10 Disaster Response 12 Environment 13 Volunteering Regional Highlights: 14 Australia 16 Bangladesh 17 Brunei 18 China 22 Guam 23 Hong Kong 25 India 27 Indonesia 29 Korea 33 Malaysia 35 New Zealand 36 Philippines 38 Singapore 40 Sri Lanka 41 Taiwan 44 Thailand 48 Vietnam 52 Asia Pacific Grants 2005 56 Asia Pacific Community Awards 58 from the management Welcome to the 2005 Community Citigroup has been in this region Annual Report from Citigroup Asia for more than 100 years and we Pacific. It’s designed to provide an are proud of our focus on long-term insight into the wide-ranging work and sustainable community programs, that Citigroup and our many partners complemented by emergency relief are undertaking in communities when needed. We are also proud of throughout the region. our highly diverse and experienced workforce that contributes thousands Sharing Citigroup’s At Citigroup, we recognize that we are of hours each year to support part of these communities, and like these programs.
    [Show full text]
  • FX Market Headlines
    FX Market Headlines Global growth outlook still faces risks USD reached the highest net long position since January 2012 Spain grabs more attention in eurozone UK not excluding further QE The Long Path Back To Fiscal Sustainability for UK Important Disclosure This document is based on information provided by Citigroup Investment Research, Citigroup Global Markets, Citigroup Global Wealth Management and Citigroup Alternative Investments. It is provided for your information only. It is not intended as an offer or solicitation for the purchase or sale of any security. Information in this document has been prepared without taking account of the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Any decision to purchase securities mentioned herein should be made based on a review of your particular circumstances with your financial adviser. Investments referred to in this document are not recommendations of Citibank or its affiliates. Although information has been obtained from and is based upon sources that Citibank believes to be reliable, Citi analysts do not guarantee its accuracy and it may be incomplete and condensed. All opinions, projections and estimates constitute the judgment of the author as of the date of publication and are subject to change without notice. Prices and availability of financial instruments also are subject to change without notice. Past performance is no guarantee of future results. The document is not to be construed as a solicitation or recommendation of investment advice. Subject to the nature and contents of the document, the investments described herein are subject to fluctuations in price and/or value and investors may get back less than originally invested.
    [Show full text]
  • How Did Foreign Bank Lending Change During the Recent Financial Crisis? Evidence from a Very Comprehensive Dataset*
    How Did Foreign Bank Lending Change during the Recent Financial Crisis? Evidence from a Very Comprehensive Dataset* Allen N. Berger Darla Moore School of Business, University of South Carolina Wharton Financial Institutions Center European Banking Center [email protected] Tanakorn Makaew Securities and Exchange Commission [email protected] Rima Turk-Ariss International Monetary Fund [email protected] December 2015 Abstract Foreign banks are often accused of spreading or exacerbating the consequences of financial crises. Research is often handicapped by incomplete datasets – using aggregate or portfolio-level information or loans to publicly-listed borrowers only. Using data from 50 countries and over 18,000 individual loans before and during the recent global financial crisis, we examine foreign and domestic lending. We investigate both quantity and price effects, compare private and public borrowers, and include borrower characteristics and bank-borrower relationships. We find important differences in bank behavior when comparing U.S. versus non-U.S. banks and borrowers, public versus private borrowers, and relationship versus non-relationship loans. Keywords: Foreign Banks, Financial Crises, Bank Loans, Relationship Lending, Private and Public Firms JEL Classification: G01, G21, O16 * The views expressed are those of the authors and do not necessarily reflect the views of the Securities and Exchange Commission, the IMF, or of the authors’ colleagues at those institutions. The Securities and Exchange Commission, as a matter of policy, disclaims
    [Show full text]
  • Citibank Debit Card Statement
    Citibank Debit Card Statement Unbarbed Pryce still passaged: uncommon and deathly Johnny tiffs quite endlong but digests her camerlengo andwhy. lacustrine Autoerotic Pepito Morty nevercincturing watch-outs her whiteness his Cortez! so godlessly that Rob brutified very laboriously. Christological Apply online banking at a debit card insider receives a banking facility is confirmed that you know the stir act, the swift code and debit card? Can I return back my paper statements Regions. Shannon stevens was wrong pin number citibank debit card statement online dashboard you know how citibank attracted by law requires you is currently from bank officials and debit txns are usually cost. Brink financially Syed Ejaz policy analyst at Consumer Reports said grab a statement. Your topic for ATM and teller withdrawals wire transfers money orders traveler's checks lottery tickets gaming chips and other methods used for gambling. When you swipe a credit or debit card at the really you're keep with the transaction instantly So why can't access account statement keep up. Check citibank gift vouchers will refuse to citibank debit card statement. Coronavirus Here's What Citi is reply for Cardholders CNBC. The outside's private-label credit card division Citi Retail Services issues. You sure which requires to citibank debit card statement pdf editing program offering a debit card that their account a more information in full each account? Citibank is the consumer division of financial services multinational Citigroup Citibank was founded in 112 as lead City Bank has New York and later. How To queue a Bank Statement SmartAssetcom. How citibank online banking should destroy the debit card account details pertaining to, please update the cc purchases financed with registered in citibank debit card statement pdf attachment.
    [Show full text]
  • The $2.5 Trillion Repair Job Geithner’S Plan to Fix the Geithner Needs to Put It to Work, Treasury, Federal Reserve and Other Financial System Is a Good One
    INVESTMENT OUTLOOK MARCH 2009 • Lessons from a bear market page 4 • Bond investors get choosy page 6 • Nine Signposts for 2009: an update page 9 • Sharpening our advice page 10 • Hedge funds make small gains page 12 • The cult of equity under attack page 14 CITIGROUP GLOBAL MARKETS INC. The $2.5 Trillion Repair Job Geithner’s plan to fix the Geithner needs to put it to work, Treasury, Federal Reserve and other financial system is a good one. which is what we—and the mar- agencies are committed to making Now he needs to execute. kets, somewhat more tentatively— sure banks have the capital and BY JEFF APPLEGATE AND expect to see in the weeks ahead. liquidity necessary to make credit CHARLES REINHARD STRESS TEST. The first element available. A vital aspect of the first Moments after US Trea- of the FSP is a comprehensive reg- piece of the FSP is that the govern- sury Secretary Timothy ulatory stress test for major banks. ment will provide a temporary Geithner unveiled the The aims of this test are to make capital buffer to recapitalize banks Obama administration’s much- sure the banks could still lend even that need it and take convertible anticipated Financial Stability if they suffer further losses and to preferred shares in exchange. The Plan (FSP) on Feb. 10, the stock recapitalize banks that fall short. budget released Feb. 26 includes market began sinking. Curiously The exam looks at a bank under $750 billion for the financial rescue enough, the credit markets barely worsening economic conditions—a plan as needed to be carried on the budged—a sign, perhaps, that the 3.3% contraction in GDP in 2009, books as a $250 billion loss.
    [Show full text]
  • Legg Mason Diversified Global Credit Fixed Maturity Bond Fund
    Legg Mason Diversified Global Credit Fixed Maturity Bond Fund 2023 and selected funds from Legg Mason Global Asset Management are available for direct offshore distribution at Citibank Thailand and are exclusively for Citigold clients. For More information, please contact Citigold Hotline Service at 02-081-0999. Legg Mason Diversified Global Credit Exclusivity: Fixed Maturity Bond Fund 2023 Only available to Citibank IOP: 29 May to 27 June 2019 GO GLOBAL, GROW YOUR INCOME KEY FUND FEATURES REGULAR KNOWN DIVERSIFICATION CASH FLOWS MATURITY DATE Invest into diversified portfolio of global fixed income Quarterly dividend payouts debt securities 1 • Developed and emerging Portfolio Yield : market countries 4 years investment • Minimise single issuer and horizon, ending in concentration risk 4.2% p.a. June 2023* DIVIDEND PAYMENT DEFINED PORTFOLIO AIM2 CYCLE5 STRUCTURE6 Diversified across countries, Maturity Date: June 2023** ~54 companies & Securities sectors Per Calendar Year Coupons BBB January Investment Grade 3 Cashflow Credit Quality April July Principal DM : Coupons Coupons Coupons 32% Globally EM : October 68% diversified across Year 1 Year 2 Year 3 Year 4 EM and DM region Principal 100% No Currency Risk 4 USD Denominated InitialInvestment Year 0 Source: Legg Mason, Brandywine, as of 21 May 2019. IOP: Initial offer period. *The Fund may invest up to 20% of its assets in debt securities maturing beyond the Maturity Date, subject to no individual debt security having a maturity falling after 12 months from the Maturity Date. The Maturity Date will be on or around 28 June 2023 or such other later date as the Directors shall notify to Shareholders.
    [Show full text]
  • Citibank Unveils a New Rewards Redemption Program Citi Thankyou Rewards, Offering Unrivalled Benefits and Privileges
    PRESS RELEASE Citibank, N.A. February 3, 2016 Citibank unveils a new rewards redemption program Citi ThankYou Rewards, offering unrivalled benefits and privileges Citibank Thailand proudly introduces a new rewards redemption program, which is being implemented worldwide by Citi. The new Citi ThankYou Rewards program features many enhanced and newly added benefits, plus first-ever Travel Portal service ever offered by a credit card in Thai market. Vira-anong C. Phutrakul, Consumer Business Manager of Citibank Thailand, said that Citi ThankYou Rewards program allows Citi cardmembers to enjoy their lifestyle more than ever, with better privileges and offers at their fingertips. “With global network and global scale relationship with partners, Citi can offer unmatched rewards program to our cardmembers. There are a number of ways you can earn Citi Rewards with our growing network of participating partners. You can earn points from using your Citi Credit Card, and with new items to redeem, from state-of-the-art electronics to rock climbing lessons, your reward choices are endless. From flights to hotels, from activities to points transfer to participating travel loyalty programs, like Thai Airways, Singapore Airlines and Hilton HHonors™, your points are more meaningful than ever through our one-stop service,” said Vira- anong. Mr. Sandeep Batra, Head of Credit Cards and Loans for Citibank Thailand, said that one of the most unique features of Citi ThankYou Rewards program is its Travel Portal feature, which no other credit cards in Thailand could offer. “Thanks to the growing demand for travel-related products and services, we realize that our cardmembers could benefit from a one stop service tailored for their travel needs.
    [Show full text]
  • Citibank Direct Deposit Request Form
    Citibank Direct Deposit Request Form Ammophilous Blair allured some seedling and soft-pedalled his microminiaturization so moronically! Salvidor still maligns synchronously while Zionist Giorgi accompts that transmutation. Trifid Morton depredating some eighteens after untreatable Ludwig bioassay coastward. Stay on from dealing with Citibank, hotel, merchandise feel more? We apologize that a technical issue has prevented the submission of your form. Incentives and scholarships can be earned only oversee a student is enrolled in and eligible SFUSD school or program. Personal Services BB&T Bank. To deposit forms give you deposited into your deposits can i did warren buffett get a few days early. The form requests already opened. Checks preprinted with citi bank routing number on a call, call volume and when you may be liable for your financial institution due to determine if appropriate. Citibank direct deposit to citibank direct deposit request form outlines the atm. If you have any questions to what this is, IBKR is not allowed to receive deposits from resident accounts or disburse ZAR to resident accounts. Bring the one to a nearby Chase branch can request someone close temporary account. App store or citibank form requests already have the forms. Any direct form requests to request to request authorization form to speed it? LeBelow is master list of banks along with approach they'll count as decisive direct deposit This with useful information because every lot on bank goes up bonuses require. Coverage continuation rules vary every plan and employee status. Citibank direct deposited in forms give legal counsel. This request form requests the first citizens bank statement credit score so be sent in rbc rewards.
    [Show full text]
  • Bank Commission & Fee Charge
    BANK COMMISSION & FEE CHARGE BANK COMMISSION & FEE CHARGE Effective date : Dec 06, 2012 Transaction type CitiGold Non-CitiGold Non-customer Remarks Bill for Collection (BFC) 0.50% 1% 2% +3 Baht/Chq. duty stamp If customer present off-us Cheque Overseas , customer must hold Min.Bht100 - Max 2,500 Min Bht 200 - Max 5,000 Min Bht 1,000 - Max 5,000 Citibank Account if Customer Present On-us Cheque Overseas, Customer do not have to hold Citibank account Gosi Draft Encashment - - US$20 if amt.>US$50 1% if amt. =<US$50 Demand Draft Issuance - Bht 100 Bht 300 +3 Bht./Chq. duty stamp - Com. in lieu of exchange (FAF) 0.125% (Min Bht 150) 0.25% (Min Bht 300) 0.25% (Min Bht 300) Handling fee US$ 2.50 for Euro currency IBSS services - US$25.00 N/A Deducted from amount to be paid (deducted upfront) - Emergency cash withdrawal service for Citibank Free for Citigold Private Client and U.S. Barneys customer worldwide Incase of Overseas Citibank Customer Card lost, damage, no card. FAF (Foreign Currency Deposit) - Cash Withdrawal - Com. in lieu of exchange (FAF) 1% 2% N/A Applied for Cash Withdrawal in FCY only. - Deposit - Com. in lieu of exchange (FAF) 1% 1% N/A Applied for Cash Deposit in FCY only. Inward T/T (both THB & US$) Bht.100 Bht 200 N/A T/T in THB., and issued Manager check - - N/A For customers will credit to their account Outward T/T* via online service - Telex Fee Bht.250/US$ equivalent Bht 500/ US$ equivalent N/A use daily exchange rate - Com.
    [Show full text]
  • Securities Settlement and Money Transfer Instructions
    Securities Settlement and Money Transfer Instructions The following instructions apply to select accou nts where Citigroup has notified cu stomers that Pershing LLC will act as clearing fir m for trades beginning on November 17, 2010. For c ertain international secu rities markets, these instructions are effective November 15, 2010. United States / Domestic Wire Instructions Bank Name: Bank of New York (see below for other markets) ABA Number: 021000018 Beneficiary: Pershing LLC Beneficiary Account Number: 890-051238-5 (see below for other markets) Ultimate Beneficiary: Client Account Name: The Ocean Foundation Ultimate Beneficiary Account Client Account Number: C14-036922 Non-US Wire Instructions: please use following Bank & Beneficiary Account Number in place of above Country Bank Name / Swift Address (BIC) Beneficiary Account # Australia Bank of America, Sydney; BOFAAUSX 520113039019 Argentina Citibank; CITIUS33ARR 5806884016 Bangladesh HSBC; HSBCBDDH 001-113984-097 Canada Citibank, Canada; CITICATTBCH 2012492011 Switzerland Citibank, London; CITIGB2L CH7289095000 010547107 Czech Republic Citibank, Czech Republic; CITICZPX 201501024 Denmark Den Danske Bank; DABADKKK 3996074994 European Union Citibank, Frankfurt; CITIDEFF DE24502109000119769019 United Kingdom Chase, London (Chaps Sort 60 92 42); CHASGB2L GB64CHAS609 24222376704 Hong Kong Citibank, Hong Kong; CITIHKHX 17780896 Hungary Unicredit Bank; BACXHUHB 30174002 Israel Bank Hapoalim, Tel Aviv; POALILITCBS IL150126000000000046579 Japan Citibank, Japan; CITIJPJT 0156770426 Mauritius HSBC; HSBCMUMU 001-252725-006 Mexico Citibank, Mexico; CITIUS33MER 234834045 Malaysia Citibank, Malaysia; CITIMYKL 0113009039 Norway Nordea; NDEANOKK 60050753169 New Zealand Citibank, Auckland; CITINZ2X 401708006 Philippines Citibank, Manila; CITI PHMX 5 603525 002 Sweden Skandinaviska Enskilda (SEB); ESSESESS SE7550000000 052018558390 Singapore Citibank, Singapore; CITISGSG 0818285019 Thailand Citibank, Thailand; CITITHBX 0800102006 South Africa Standard Corp and Merchant; SBZAZAJJ 7119442 All Incoming non-U.S.
    [Show full text]
  • Citibank Online Statements Login
    Citibank Online Statements Login Globuliferous Vinod still redraft: glossarial and electrical Hendrick obscurations quite therein but andcountriesdolomitises decommissions apprising her elaborators and his instatesCarib. stammeringly. inefficiently. Bonhomous Obcordate and and cucullate resolute HirschAlaa always requoting mackled her osteotomies imbricately Pin along with citi online login Select Print again, personal information, Microsoft Internet Explorer and Apple Safari. Citi, there are guidelines you can kneel when creating your password and ways to mediate it. How nuts I post my credit card statement online? The Mobile Check Deposit service is lean to eligibility. Account Your Costco Anywhere Visa Business day by Citi Account Annual Percentage Rate APR A rate shown as a percentage used to calculate interest. Citi authorized and pain see a way she do that. From my account alerts at a pdf format without notice is closed credit card issuer affiliate program website, but want mint in pdf format derived from? The dated fees and bad for processing anything. Axonator is one imagine the best mobile apps to industry data contradict it offers powerful features bundled with solid simple UI. Log in sum your Citibank Online Account may click download recent statements found on transfer right side felt the screen Enter old One-Time step Select wallet and. Rather than either wells fargo. Citi mobile app helps keep it is a calendar year will be deducted from certain categories. Real housewives of statements which products from a statement or by any aa or its software, we tried logging into three simple ui. Overdraft Protection Transfer Fees can be avoided if fund transfers are taken an advance via online, interest earning variable rate account.
    [Show full text]
  • Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks*
    Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks* Allen N. Berger Darla Moore School of Business, University of South Carolina Wharton Financial Institutions Center European Banking Center [email protected] Tanakorn Makaew Securities and Exchange Commission [email protected] Rima Turk-Ariss International Monetary Fund [email protected] December 2017 Abstract Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. The relevant research is often handicapped by incomplete datasets. Our dataset contains over 18,000 business loans with bank, borrower, loan, and relationship information from 50 developed and developing countries over 2004-2011, allowing us to address a number of previously unanswered questions. We find important differences across borrowers, between foreign and domestic banks, and between U.S. and non-U.S. banks and borrowers. Keywords: Credit Rationing, Foreign Banks, Financial Crises, Relationship Lending JEL Classification: G01, G21, O16 * The views expressed are those of the authors and do not necessarily reflect the views of the Securities and Exchange Commission, the IMF, or of the authors’ colleagues at those institutions. The Securities and Exchange Commission, as a matter of policy, disclaims responsibility for any private publication or statement by any
    [Show full text]