Respuesta :
Answer:
The most likely reason the bank gave the company is:
- The bank imposed a guidance line of credit on the account.
Explanation:
- A committed line of credit is basically a facility in which the there is legal agreement between the borrower and bank (or any financial institution). According to this legal binding, the bank will lend money to the other party until unless the party is holding the agreement.
- In the given situation, A U.S company has a secured committed line of credit of $5.5 million and has an available balance of $4 million. The company successfully transmitted a $5.5 million wire transfer instruction out to bank via SWIFT. But the bank informed the company that the wire transaction wouldn't be processed because the reason that the bank has imposed a guidance line of credit on the account. That means the company is not fulfilling the terms as mentioned in the guidance line of credit.
