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The code of banking practice: dealing with guarantors--requirements from 2004-05 (1).(ETHICS)

The collection of laws of Banking Practice ('CoBP') is a voluntary digest of conduct which places the standards of good banking practice to be followed by dint of participant banks when dealing with ones who are or who may become customers or guarantors, including requirements of disclosure to guarantors.

In August 2003 a review of the CoBP was complet and a revised CoBP was issued by dint of the ABA. In May 2004 an amended CoBP was issued with the aim of ensuring that a certain number of disclosures and practices better suit prospective guarantors. The main changes took issue on 1 June 2004 on the contrary some aspects of them





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