Question: A U . S . company has a secured committed line of credit of ( $ 5 . 5 ) million and
A US company has a secured committed line of credit of $ million and has an available balance of $ million. The company successfully transmitted a $ million wire transfer instruction out to the bank via SWIFT. The bank contacted the company and informed it that the wire transfer would not be processed. What is the MOST LIKELY reason the bank gave the company?
A Wires exceeding $ million cannot be transmitted using SWIFT
B The bank imposed a guidance line of credit on the account
C The company exceeded its balance requirement
D The bank refused funding on the company s cliscretionary line of credit
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