BTF2601 - Banking law

Leader: Mr Rhett Martin

Offered

Caulfield First semester 2007 (Day)
Caulfield Second semester 2007 (Day)

Synopsis

The bank-customer relationship; types of account; current issues in banking law; negotiable instruments including cheques and bills of exchange; the duties and responsibilities of the paying bank and collecting bank; negotiable and allied instruments in international trade; electronic funds transfer.

Objectives

The learning objectives of this unit are to:

• Describe the key elements of the banker customer relationship;
• Critically analyse the main features of negotiable instruments and their uses;
• Define the various types of letters of credit and evaluate their effectiveness in international transactions;
• Describe the structure of the payments system in Australia with specific reference to the use of electronic payments and credit cards;
• Evaluate key current developments within the banking system in Australia based on knowledge gained within the course.

Assessment

Assignment (2000 words): 30%
Examination (open-book, 3 hours): 70%

Contact hours

3 hours per week

Prerequisites

BTF1010