Letter of Guarantee and Indemnity Bid Bond and Performance Advance Payment Guarantee, Foreign Guarantee etc. Letter of Guarantee and Indemnity Bid Bond Definition: The guarantee has been defined very clearly in various statutes of law in various parts of the world; however, the substance of all these definitions is the […]
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Bank’s lending criteria for short term credit Bank’s lending criteria for short term credit: There are no standard criteria for short-term credit. Banks and other lenders tend to set their own internal rules. Nevertheless, all financial institutions are bound by general regulations and guidelines established by the central bank. There […]
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What is the content of a certificate of origin Certificate of origin: Certificate of origin is a signed document that appears to relate to the invoiced goods and certifies their origin. ISBP says regarding Certificate of origin- Basic requirement and fulfilling its function L1) When a credit requires the presentation […]
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Commercial invoice requirements for export or Import Commercial invoice: A commercial invoice is a document records a transaction between the seller and the buyer and used in trade. It is a declaration by the seller of a sale. Commercial invoices are normally prepared by sellers/beneficiaries and made out in the […]
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Whom to approach for short-term finance by bank You have several alternatives for locating funds for your business, especially to meet the requirements of short-term funding to expedite current operations. Besides the informal sources, which are no less important, the formal sources of funds comprise the financial sector of a country. The […]
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Methods of payment and financing techniques In export trade, one may come across a number of modes of payment and financing techniques. The objective of this chapter is to illustrate all these payment and financing techniques which are available in Bangladesh. First, because loans serve to make payments. More specifically, […]
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Export financing: Pre-shipment and Post-shipment Export financing: Pre-shipment and Post-shipment Pre-shipment: Bai Salam/ Packing Credit /Cash Credit (Hypothecation/Pledge). Back to Back L/C. Musharaka pre-shipment /Packing Credit Post-shipment : Negotiation of Export Bills. Baim com (Single term)/Time Loan. Quard against Cash Incentive / Duty Draw Back. Pre-shipment export finance Bai Salam/Cash […]
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Top 10 Banks in Singapore List of the top 10 banks in Singapore. Developmental Bank of Singapore: The Development Bank of Singapore (DBS) was set up in 1968 by the government of Singapore. DBS currently operates over 100 branches across the country. DBS is the largest bank in Southeast Asia, […]
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