What is IFSC-MICR codes-SWIFT Codes
What is IFSC-MICR codes-SWIFT Codes What is IFSC? IFSC stands for Indian Financial System Code . The Payment System Applications such as Real Time Gross Settlement (RTGS), National Electronic Funds …
SUBMISSION OF RETURNS OF FOREIGN EXCHANGE TRANSACTIONS TO BANGLADESH BANK
SUBMISSION OF RETURNS OF FOREIGN EXCHANGE TRANSACTIONS TO BANGLADESH BANK SUBMISSION OF RETURNS OF FOREIGN EXCHANGE TRANSACTIONS TO BANGLADESH BANK INTRODUCTION: Authorised Dealers being responsible for dealings in foreign exchange …
URR 725, URC 522, ISBP 745: Their uses and Implication in Foreign Trade
URR 725, URC 522, ISBP 745: Their uses and Implication in Foreign Trade URR 725, URC 522, ISBP 745: Their uses and Implication in Foreign Trade: Uniform Rules for Bank-to-Bank …
Letter of credit operation chart
Letter of credit operation chart Explain of the the above image: Exporter ↔ Importer: Negotiation. Importer → Importer Bank: Import license, L/C Exporter: Commodity Importer Bank → Exporter Bank: …
INTERNATIONAL TRADE & FOREIGN EXCHANGE
INTERNATIONAL TRADE & FOREIGN EXCHANGE – By Anwarul Haque Qureshi The importance of international trade in the economy of a country is too well known to need emphasis. A number …
FUNCTIONS OF FOREIGN EXCHANGE
FUNCTIONS OF FOREIGN EXCHANGE – By Anwarul Haque Qureshi Commercials Banks have a vital role in the foreign trade of a country. They provide the finance needed to execute the …
How Many Parties are involved in Letter of Credit (L/C)
How Many Parties are involved in Letter of Credit (L/C) There are mainly 6(six) parties involved in a letter of credit which may be summed up as under: a) Opener: …
What is Letter of Credit (L / C)
What is Letter of Credit (L / C) L / C (LETTER OF CREDIT) : L /C is an undertaking given by a Bank on behalf of its customer to …
Risk in Foreign Exchange Business
Risk in Foreign Exchange Business Any person dealing in foreign exchange business must familiar with the risks involved.Some of the risks are peculiar to foreign exchange business, while some …
HOW TO TRACK SEA CARGO LOCATION
HOW TO TRACK SEA CARGO LOCATION Please click links below of major shipping lines to trace your sea shipments. Track your Sea shipment here First go to the links …
Export import tutorial
Export import tutorial IMPORT Step One: THE PLAN The first step when importing is to determine why you are importing. Ask yourself the following three questions: Is the product(s) you …
Objectives of Exchange Control
Objectives of Exchange Control (i) Protection of Balance of Payments. One of the important objectives of exchange control is protection of balance of payments. When the balance of payments deficit …
Foreign Exchange Regulation Act 1947
Foreign Exchange Regulation Act 1947 Foreign Exchange Regulation Act 1947: There is an elaborate machinery to effectively operate the exchange control and regulation in the country. The machinery comprises the authorities …
URR 725 and issuance of Reimbursement Authorisation, URC 522: Collection of Bills (Clean & Documentary)
URR 725 and issuance of Reimbursement Authorisation, URC 522: Collection of Bills (Clean & Documentary) Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credit -URR 725 New Publication Number 725 to …
Factors influencing Foreign Direct Investment
Factors influencing Foreign Direct Investment Factors influencing Foreign Direct Investment in a Country Foreign Direct Investors look into various factors before making investment decision in a country. After 1990, in …