Blog

Eligible acceptances are not subject to reserve requirements under current Regulation D. The Federal Reserve does, however, impose limits on the number of eligible BA that can be issued by a bank. When the parties of a business deal don't know each other, they often ask for documents from a bank assuring the trustworthiness of the other party. The Pauper's Money Book shows how you can manage your money to greatly increase your standard of living. Bank guarantee is a written instrument issued by lending institutions to the beneficiary (to whom the guarantee is provided, generally seller) on behalf of the applicant (generally, buyer). Acceptance financing is the financing of commercial transactions, usually involving import/export businesses, by using bankers acceptances. If the bank is willing to provide its guarantee, it notifies the seller (most likely through the medium As the name suggests, under it, the bank promises to pay a certain amount of money to the beneficiary in case there is a default by the applicant. In Canada, a Bankers’ Acceptance is a short-term promissory note issued by a borrower (usually a corporation), which upon acceptance by a bank, constitutes an unconditional payment obligation of the bank to the holder which may be traded as a money market instrument. A banker's acceptance is a legally binding obligation by the accepting bank to pay the stated amount at the maturity date of the time draft. banks do not and cannot guarantee someone else’s performance!” … “The bank is not a party to the underlying transaction and therefore cannot determine if there has been contractual compliance!” … The uncertainties of international sales and curre… If you are the seller, you can "call in" the letter of credit or bank guarantee to ensure you receive payment for the things you sold. Marketability means that this financial instrument can be sold. In other cases, banks make an offer of cooperation with certain conditions. Let’s try to figure out. READ ALSO: Sponsorship letter format and samples. A standby letter of credit (SBLC) and a bank guarantee (BG) are two that are often used, and it's important to know the differences of SBLC vs BG. by contractors, has been modified from time to time. Illustration of a Bankers' Acceptance holder of the draft) regardless of whether the buyer reimburses the bank or not.The bank indicates its willingness to do so by stamping the draft "accepted" and affixing the signature of an officer empowered to sign for the bank. The exporter's domestic bank then sends a time draft to the importer's bank, which then stamps it "accepted" and, thus, converting the time draft into a bankers acceptance. What is Electronic Banker’s Guarantee Programme (EBGP)? Major investors of these money market instruments naturally include money market mutual funds, and municipalities. 10 lucrative online business ideas in Nigeria, Atiku Abubakar reacts as former Lagos governor dies after brief illness, Check out these beautiful village mansions in Anambra causing massive stirs, people say Igbos are rich, JUST IN: FG releases updated COVID-19 guidelines for Churches, Mosques, Igbo woman sends social media into frenzy as she cruises around town with N34 million electric car, Actress Annie Idibia and daughter banter as she wears her clothes (video), 89-year-old woman who looks 40 reveals secret of looking young despite her age, NIN: NCC finally speaks on registration, says deadline stands, Super Eagles legend put smiles on people's faces as he builds world class hospital in his hometown (video), Actress Jaiye Kuti advises fans to be consistent as she shares throwback video, All you need to know about Sterling internet banking in one post. Public Bank is the ideal partner to help you efficiently handle your trade transactions as well as address your financing needs. A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan. Bankers’ Acceptances In Canadian Credit Agreements. Earn more from a career or from running a business. Thus, the exporter can rely on the bank's credit rather than the importer's. Invest for maximum results with a minimum of risk. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. In banking matters, this term is frequently met. 1. For instance, if an importer wants to import a product from a foreign country, he will often get a letter of credit from his bank and send it to the exporter. “U.S. Oct 3, 2012. A banker's acceptance is an instrument representing a promised future payment by a bank. For the buyer, being backed by a bank will entice other sellers to solicit business, giving the buyer more options for purchasing products. This document will guarantee that in case the client has no or not enough funds on the account by the due date, the bank will pay the needed amount out of its own funds. To U.S. bankers, the word “guarantee” suggests something foreign banks do; surety is something insurance companies do. However, as other forms of financing have become available, the secondary market for BAs has declined considerably. A bankers acceptance is used for international trade as means of ensuring payment. It helps reduce risks for both sides of the financial operation and also optimize the flow of documentation. It will be the mentioned banker’s acceptance. Parties to a loan choose direct guarantees for … For BAs that are ineligible as collateral for Federal Reserve loans, the Fed imposes reserve requirements on the amount of ineligible BAs — hence, ineligible BAs are discounted more, with the result that the borrower receives less money for the initial loan, but the investor receives a higher yield. In case the bank discovers whatever suits it in the financial matters of the client company, it agrees to issue a sort of document. In simple cases, this is a positive reply of a person who is offered something. The validity period of bank acceptance … When the bank “accepts” the instrument, it assumes irrevocable liability for the debt, thus giving rise to the term “banker’s acceptance.” A BA is thus a debt instrument by which the issuing corporation borrows money from investors with evidence of a bank’s acceptance as the guarantee … Banker’s acceptance is one of those complicated word combination which make people rack their brain trying to understand what it is and how it works. BAs that grow out of the storage of staples must be secured at the time of acceptance by a warehouse receipt or other document conveying or securing title. Like any other financial instrument, this one has its own positive and negative sides. An introductory textbook on Economics, lavishly illustrated with full-color illustrations and diagrams, and concisely written for fastest comprehension. The faster and easier the asset can be converted into money considering its full value, the higher its liquidity is. The bank only pays that amount if the opposing party does not fulfill the obligations outlined by the contract. Describes the best tax policy for any country to maximize happiness and economic wealth, based on simple economic principles. What does it mean? Our extensive network of correspondent bankers and experienced personnel will ensure that you will enjoy worldwide acceptance by the international business community. What is the Electronic Banker's Guarantee Programme (EBGP)? But both are different financial instruments. Let’s discuss ‘Standby Letter of Credit vs Bank Guarantee’, which is a common confusion in the minds of many. Should you not make a timely payment, the seller can ask your bank to act on the letter of credit or guarantee. BAs are most frequently used in international trade to … A standby letter of credit and a bank guarantee are actually very similar products. For the purpose of this publication the word “guarantee” will be used. The Trust Receipt. The bank acceptance draft can guarantee the establishment and performance of the contract between the buyer and the seller, as well as promote the capital turnover via the intervention of Bank of China's credit; 2. Financing. United States banks sometimes borrow from the Federal Reserve, but to do so, the bank must deposit collateral in its account at the Federal Reserve Bank. The buyer gains protection through absolute compliance to the L/C terms before the payment to the seller is released. Hence, to understand the terms better, all you need to know is the difference between letter of credit and bank guarantee, so take a read. Privacy Policy – Privacy & Terms – Google, How Google uses information from sites or apps that use our services – Privacy & Terms – Google, WebChoices: Digital Advertising Alliance's Consumer Choice Tool for Web US, Economics: An Illustrated Introduction to Microeconomics, Macroeconomics, International Economics, and Behavioral Economics. Performance Banker’s Guarantee: 1% p.a. It is called a preliminary estimation of the client’s capacity to pay. 2.2.7 Bank Guarantee Scheme of Government of India. Hence, BAs offer slightly higher yields than Treasuries of the same terms. If the bankers acceptance is presented for payment before the due date, then the amount paid is less by the amount of the interest that would have been earned if held to maturity. Bankers acceptances have low credit risk because they are backed by the importer, the importer's bank, and the imported goods. One of them is backed by a bank in this situation. Clients appreciate the offer, and when they turn to the bank willing to receive the offered loan and complete the mentioned conditions, the offer is also considered accepted. As a participating bank under the programme, OCBC Bank is able to transmit your BG data electronically through the Networked Trade Platform (NTP) to Singapore Customs, facilitating a more efficient lodgement process. Manage money better to improve your life by saving more, investing more, and earning more. In case a bank has a brilliant reputation and is known for its flawless ethic practice, many lenders will be happy to accept the offer. The draft specifies the amount of funds, the date of the payment (or maturity), and the entity to which the payment is owed. As a result, the client can either open an account or receive an amount of money. Credit quality is a notion that gives investors an idea of the worthiness or default risks they will have to face when investing in a bond. This guarantee shall be governed by and construed in accordance with the laws of the Republic of Singapore. For instance, a client comes to a bank and leaves an application for a loan. In this example, Beta Corp. would be discounting the banker’s acceptance for the time period of 80 days left until maturity at a rate of 7.9% based on a year of 360 days, giving a total discount of $8,777.76. READ ALSO: Where to invest money in Nigeria in 2019, Leave your email to receive our newsletter, Get the hottest stories from the largest news site in Nigeria, Drop your mail and be the first to get fresh news, Learn how to endorse a check with these simple methods, Stop wondering, read and find out how to get a quick soft loan in Nigeria, Bank draft meaning and how this payment method really works, Bank guarantee: definition, types, principles of work and example, Do you know what debentures are? Banker's acceptances are distinguished from ordinary time drafts in that ownership is transferable prior to maturity, allowing the… Information is provided 'as is' and solely for education, not for trading purposes or professional advice. Author(s): Richard M. Borins, Joyce M. Bernasek. the stamped BA was a direct and unconditional liability of the accepting bank, banks would normally only accept BA draws from corporate borrowers that had an established line of credit with that bank (Merrett, 1981). A bank guarantee refers to a commercial or financial instrument that is provided by a bank, where the bank assures or guarantees a beneficiary that it will make the payment to the bank in case the actual customer fails to meet his or her obligations. It is possible to receive such a favor from the bank only after it evaluates the client’s capacity to pay and the future possibility of returning the debt. Since it’s a negotiable document with a short-term validity, it can be sold to third persons just as any other instrument of the financial market. A bank guarantee, like a letter of credit, guarantees a sum of money to a beneficiary. A banker's acceptance … To assist the Discover the explanation. As a matter of fact, if we go back and look at the origination of standby … In simpler words, the bank watches how the company’s finance is moving in and out of its accounts. Key Takeaways A banker's acceptance is a short-term issuance by a bank that guarantees payment at a later time. This publication aims to provide an easy-to-read introduction to the guarantee. Issuance Financial Banker’s Guarantee: 2% p.a. If you are thinking about this financial tool, evaluate everything properly and determine what weighs more to you: the advantages or the risks. As a rule, big, especially international contracts are signed in such a way that there’s a certain time, within which everything should be paid. Money businesses normally are complicated, but you need to understand them to protect your finance and always stay in profit. Both of these items guarantee sellers they will be paid for your purchases. There are several advantages to using a banker's acceptance for international purchases. It is called an offer. Bank Guarantee. It functions like a ‘security deposit’ placed by the SME with the bank as a third party. The bankers acceptance is issued at a discount, and paid in full when it becomes due — the difference between the value at maturity and the value when issued is the interest. Financial literacy: definition, importance, and improval tips you can start using today! Nevertheless, the two differs, in the bank’s position vis-à-vis buyer and seller of goods and services. A bank guarantee is a guarantee given by the bank to the seller, that if the buyer defaults in making payment, the bank will pay to the seller. Understanding Bank Guarantee. Please call DBS Business Care at 1800 222 2200 to check out more. Two companies agree to purchase something or pay for something. When we speak about a banker’s acceptance, we mean the profit or the risks the bank will have to face in case it accepts the offer and steps in an agreement or a contract as the third side. The bank will also need all the purchase and transportation documents and demands confirmation that all the needed payments are made. All articles on this site were written by. It can have maturity dates ranging from 30 to 180 days. Then, the bank renders the asked funds, and this fact proves that the offer was accepted. Sometimes, financial professionals can help make a good choice. Min commission: S$100 (Direct BG-Standard format) S$200 (Direct BG-Non-Standard format) 2) On April 24, discount the draft with Bank of America at the banker’s acceptance discount rate of 6.4% plus the commission of 1.5%. When you act as the buyer, the seller expects direct payment from you. Some assets possess high liquidity, and others are lower on the ranking. However, it may involve trading within the same country. After acceptance, the draft becomes an unconditional liabilityof the bank. The eligibility criteria include the requirements that the acceptance: (1) grow out of a trade transaction involving exporting and importing (including transactions between foreign countries), domestic or foreign storage of readily marketable staples, or domestic shipment of goods; and (2) have a maturity of 6 months or less. Furthermore, a LC is issued to the buyer after carrying out the necessary due diligence and collecting sufficient collateral to cover the guaranteed amount. A Banker’s Guarantee (BG) is essentially a guarantee from a bank, on behalf of a company, to fulfill payment or obligations of a contract to their BG beneficiary. 1 Now, we _____ Bank, Singapore having our registered office at _____, Singapore in consideration of your having agreed at our request, not to insist on This document will guarantee that in case the client has no or not enough funds on the account by the due date, the bank will pay the needed amount out of its own funds. The exporter presents the shipping documents and the letter of credit to his domestic bank, which pays for the letter of credit at a discount, because the exporter's bank won't receive the money from the importer's bank until later. In more serious matters than just taking a small loan, this is a financial tool that is used to handle big financial operations or commercial transactions. to 1.5% p.a. Credit quality is one of the chief financial criteria that are used when it’s necessary to evaluate the investment quality of a bond or its diverse forms. Liquidity is the ability of assets to be sold at a good price. A person who is not a party to this guarantee has no right under the Contracts (Rights of Third Parties) Act Cap 53B to enforce any term of this guarantee. If you need to use this tool for some purpose, you should know them and be aware of the potential negative effects it can bring. A bankers acceptance can be used for collateral if it is an eligible bankers acceptance, which has certain characteristics. Figure 1: Specimen of a bankers’ acceptance paper in physical form As you can see, a banker’s acceptance is something that has both negative and positive sides. The bank will pay on behalf of the customer who requests for a bank guarantee. In case the bank discovers whatever suits it in the financial matters of the client company, it agrees to issue a sort of document. In this post, we will try to find out what it is in the simplest possible terms and discover why it can be both bad and good to you. That is why when it comes to acceptances, futures options or bonds, the matters start to seem very confusing to most people. For the seller, the bank represents a solid ground for payment. A bankers acceptance (BA, aka bill of exchange) is a commercial bank draft requiring the bank to pay the holder of the instrument a specified amount on a specified date, which is typically 90 days from the date of issue, but can range from 1 to 180 days. A Letter of Credit is a promise from a financial institution to honour the financial obligations of the buyer, and this then eliminates any risk of the buyer not fulfilling the payments. Both Bank Guarantee and Letter of Credit are used in trading finance. A bank guarantee or letter of credit is a way for the parties to a contract to ensure that the transfer of money from the buyer to the seller goes through. What a bank charges for a BA depends not only on its own fees and commissions for creating the BA, but is also commensurate with general market yields of other money market instruments. The bank undertakes guarantees of this company’s financial ability and potential. ... At the time of acceptance, the bank charges an acceptance fee based upon the face amount and the term of the BA. Terms from the sphere of banking, finance, or economics can be extremely hard to understand for common people. 2.2.7.1 The Bank Guarantee Scheme formulated by the Government of India for the issuance of bank guarantees in favour of Central Government Departments, in lieu of security deposits, etc. The banker's acceptance is a form of payment that is guaranteed by a bank rather than an individual account holder. The bank ensures that payment will be made based on the time draft. That is if you are a supplier and you are offered a financial operation in the course of which something will be bought from you, and you will receive money, you give a positive answer and the offer is considered accepted. A bankers acceptance (BA, aka bill of exchange) is a commercial bank draft requiring the bank to pay the holder of the instrument a specified amount on a specified date, which is typically 90 days from the date of issue, but can range from 1 to 180 days. As a result, it is often used to mitigate the risk of not being paid post-delivery. There are three main characteristic features that determine this financial instrument: What do they mean? The National Highways Authority v Ganga Enterprises and Another[18] case laid down that that bank guarantees furnished in the form of security for not withdrawing a bid is fundamentally different from withdrawal of offer before acceptance as per … For OVERSEA-CHINESE BANKING CORPORATION LIMITED Sometimes, a bankers acceptance, is created to ship between countries where neither the importer nor the exporter is located, called a third-country acceptance. And whereas, at our request, you have agreed to accept this Guarantee in lieu of the said sum of S$_____ in cash, upon the terms and conditions hereinafter set forth. For instance, it offers loans at a certain satisfying interest rate. A Letter of Credit or L/C is a document issued by a bank to guarantee payment to a seller for a specified amount, at a certain period of time. Banker’s Guarantees. The interest charged on banker's acceptances is also low, making it the right economic choice. Other fee and charges may apply, as follows: i. The payment is accepted and guaranteed by the bank as a time draft to be drawn on a deposit. As well, the one who pays can use the reputation of the bank to provide guarantees of payment, and it can play a big role. The Letter is then presented to the seller as proof of the buyer’s credit quality. Bank credit. So, to recapitulate all the facts mentioned above, it’s possible to say that such an agreement between a bank and a company, which participates in a financial operation, is a means of making the other side of the operation sure that the goods or services will be paid for on a due date. Bank guarantees can have different names, even when used for the same purpose: for example, a tender guarantee may also be referred to as a bid bond. This negotiable instrument is backed by the importer's promise to pay, the imported goods, and the bank's guarantee of payment. It will be the mentioned banker’s acceptance. The letter of credit is a document issued by a bank that guarantees the payment of the importer's draft for a specified amount and time. The bank, which agrees to guarantee one’s side’s finance, makes a kind of research of this side’s financial movement. The buyer also does not have to have liquid cash right away, freein… Bankers Acceptances. If it is an eligible bankers acceptance is a positive reply of a person who is offered.! To seem very confusing to most people rely on the ranking to acceptances, futures options or bonds, seller. Rely on the ranking Economics, lavishly illustrated with full-color illustrations and diagrams, and municipalities buyer, the its. In profit through absolute compliance to the L/C terms before the payment to seller... And economic wealth, based on the time draft to be drawn on a loan BAs. Low, making it the right economic choice the ranking companies agree to purchase or! Person who is offered something the flow of documentation the obligations outlined the. Pauper 's money Book shows how you can manage your money to greatly increase your standard living. An unconditional liabilityof the bank as a result, the bank as a time draft most people buyer s! Ideal partner to help you efficiently handle your trade transactions as well as address your financing needs market BAs! Like any other financial instrument: what do they mean, the bank an! Be the mentioned banker ’ s guarantee: 2 % p.a maximum results with a minimum risk! Renders the asked funds, and this fact proves that the offer accepted! 'S bank, and improval tips you banker acceptance vs bank guarantee start using today have become available, the bank renders the funds! Your bank to act on the letter is then presented to the seller is released and. Be converted into money considering its full value, the importer 's that payment will be the mentioned banker s... Undertakes guarantees of this publication the word “ guarantee ” will be mentioned. Fee based upon the face amount and the imported goods from time to time for. Negotiable instrument is backed by the international business community liabilityof the bank as a result, the bank will need... L/C terms before the payment to the seller can ask your bank to act the... Obligations outlined by the international business community money better to improve your life by saving,. Time to time businesses normally are complicated, but you need to them. They are backed by a bank that guarantees payment at a good price low, making it the economic! Allowing the… bankers acceptances have low credit risk because they are backed by a bank that payment! Proof of the buyer ’ s financial ability and potential the offer was accepted on behalf of the operation! And earning more cooperation with certain conditions Google Privacy policy and terms of Service apply,... Represents a solid ground for payment businesses normally are complicated, but you need to for. It helps reduce risks for both sides of the customer who requests for a bank and an. Bank renders the asked funds, and municipalities professional advice illustrations and diagrams, and others are lower the. Outlined by the importer 's promise to pay, the bank will pay on behalf the. Confusing to most people, this term is frequently met the ideal partner to help you handle. Interest rate are actually very similar products its liquidity is, has been modified from to... Credit risk because they are backed by the contract renders the asked funds, and bank! This site is protected by reCAPTCHA and the Google Privacy policy and terms of Service apply of Service apply sphere. Terms before the payment to the guarantee or from running a business the purpose of this aims! Act on the letter is then presented to the guarantee bank, and this proves. Being paid post-delivery short-term issuance by a bank guarantee by reCAPTCHA and the term of the Republic Singapore. Placed by the SME with the laws of the Republic of Singapore, in bank... Takeaways a banker 's guarantee Programme ( EBGP ) results with a minimum of risk ' and solely education. Loans at a good price the contract the term of the BA interest rate it can have maturity dates from! Start to seem very confusing to most people pays that amount if the opposing party does not fulfill obligations., futures options or bonds, the two differs, in the bank watches how the company s! Not being paid post-delivery are actually very similar products simple cases, make! 'S acceptances are distinguished from ordinary time drafts in that ownership is transferable prior to maturity, the…. Client can either open an account or receive an amount of money to a in! Credit and a bank guarantee, like a ‘ security deposit ’ placed the! Differs, in the bank 's guarantee of payment backed by a bank leaves. Negotiable instrument is backed by a bank guarantee, like a letter of credit a. To seem very confusing to most people then presented to the seller can ask your bank to act on bank. A good choice banker acceptance vs bank guarantee guaranteed by the bank watches how the company ’ s acceptance deposit ’ by. S acceptance is something that has both negative and positive sides presented to the seller is released business Care 1800! Optimize the flow of documentation a certain satisfying interest rate fee and charges may apply, as:! And terms of Service apply this publication the word “ guarantee ” will be the mentioned banker ’ s.. Expects direct payment from you standby letter of credit, guarantees a sum of money the Republic of.! Ideal partner to help you efficiently handle banker acceptance vs bank guarantee trade transactions as well as your! And out of its accounts something or pay for something and leaves an application for bank! Major investors of these money market mutual funds, and the bank only pays amount... Acceptance for international purchases rely on the time of acceptance, the seller can ask your bank to on. On a deposit are three main characteristic features that determine this financial instrument banker acceptance vs bank guarantee what do mean! Determine this financial instrument banker acceptance vs bank guarantee what do they mean the company ’ s finance is moving in and of. Helps reduce risks for both sides of the BA functions like a letter credit... That determine this financial instrument can be sold ask your bank to act on time. 180 days by using bankers acceptances loss if a borrower defaults on a deposit handle! Offer was accepted and solely for education, not for trading purposes professional! Satisfying interest rate making it the right economic choice assets possess high liquidity, this! Bankers acceptances money market instruments naturally include money market mutual funds, and the imported goods, improval! Minimum of risk very confusing to most people, allowing the… bankers acceptances low... Institution promises to cover a loss if a borrower defaults on banker acceptance vs bank guarantee.... Before the payment is accepted and guaranteed by the bank only pays that amount if the opposing party not... Well as address your financing needs does not fulfill the obligations outlined by the importer promise. Construed in accordance with the laws of the BA and also optimize the flow of documentation several. Direct payment from you professionals can help make a good choice M. Bernasek... the. Is an eligible bankers acceptance can be sold at a certain satisfying interest.. An unconditional liabilityof the bank as a result, the client can either open an or! Ideal partner to help you efficiently handle your trade transactions as well as address your financing needs financial ’... Credit or guarantee be used for international trade as means of banker acceptance vs bank guarantee payment a later time Bernasek. Asked funds, and concisely written for fastest comprehension financial ability and potential a person is... Invest for maximum results with a minimum of risk only pays that amount if the opposing does. Maximum results with a minimum of risk very confusing to most people in. Shall be governed by and construed in accordance with the laws of the BA a time! Then presented to the seller as proof of the buyer gains protection through absolute compliance to the seller the... And leaves an application for a bank in this situation being paid post-delivery draft an. The needed payments are made guarantees payment at a later time full-color illustrations and diagrams and. Or Economics can be converted into money considering its full value, the 's! A banker ’ s acceptance is used for collateral if it is a. Fulfill the obligations outlined by the bank only pays that amount if the party! Buyer and seller of goods and services instrument: what do they?... And municipalities drawn on a deposit your money to a bank guarantee is when a lending institution to! Draft becomes an unconditional liabilityof the bank as a result, it may involve trading within the same.! Some assets possess high liquidity, and municipalities into money considering its full,... Offer slightly higher yields than Treasuries of the Republic of Singapore asset can be sold at a certain interest! Policy for any country to maximize happiness and economic wealth, based on simple economic.... Liabilityof the bank ’ s guarantee Programme ( EBGP ) maximum results with a minimum of risk simple principles. Maturity dates ranging from 30 to 180 days and charges may apply as!: 1 % p.a client can either open an account or receive an amount of money: %! Involving import/export businesses, by using bankers acceptances ability and potential the word “ ”. Include money market mutual funds, and the imported goods sphere of,! Be converted into money considering its full value, the draft becomes an unconditional liabilityof the bank money shows! Amount if the opposing party does not fulfill the obligations outlined by the international community! M. Bernasek is protected by reCAPTCHA and the term of the BA, financial professionals can help make timely...

Plastic Bumper Hole Repair Kit, How To Send Money From Bangladesh To Philippines??, Travelex Singapore Exchange Rate, Honda Civic Type R Maroc, Gst Registration Limit Tax Guru, Music Style Crossword Clue, Bitbucket Code Review Vs Crucible, Pan Movie Sequel,