Strategic Human Resource Management Strategy The strategy is derived from the Greek word “Strategos”. It’s meaning is general. It is used in different way. Strategy is a way of doing something. It is a game plan for action. It usually includes the formulation of a goal and a set of […]
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Monetary Policy in an Islamic Framework
Monetary Policy in an Islamic Framework For compulsory transfer payments as well as optional charities, from the relatively better-off people in the economy to the relatively worse-off population. This is done through the institutions of Zakah, Fitrah etc. In addition, optional payments are so encouraged and emphasized that even if […]
Read moreHow to open Current Account of a Proprietorship Firm?
How to open Current Account of a Proprietorship Firm? The account of Proprietorship: Any business firm which is owned and run by an individual is called a proprietorship firm. On the other hand, a proprietorship is a company that is not registered with the state as a limited liability company […]
Read moreWhat is Letter of Credit ? Types and Parties involved
What is Letter of Credit ? Type and Parties involved WHAT IS LETTER OF CREDIT? L /C is an undertaking given by a Bank on behalf of its customer to pay a certain sum of money to a certain person ( Beneficiary ) on the fulfillment of certain terms and […]
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Procedure for opening a bank account Procedure for opening a bank account WHAT IS ACCOUNT? An account is the individual record of an asset, a liability, a revenue an expense or capital in a summarized manner. It is also a report or description of an event or experience. The bank account […]
Read morePrecautions for opening of an account in the name of an attorney-www.bankingallinfo.com
Precautions for opening of an account in the name of an attorney-www.bankingallinfo.com What precautions should the banker take while opening of an account in the name of an attorney? A customer may appoint an attorney to deal with his bank account. The power of attorney may be either special or […]
Read moreCDCS study materials-Refusing documents
CDCS study materials-Refusing documents Refusing documents Chapter-18 18.1 Handling discrepant documents Once examination has been completed and after taking account of any regulatory or legislative requirements, a document examiner will decide whether or not the documents comply. If the documents comply, the document examiner will take up the documents and arrange a settlement. […]
Read moreFunctions and process of the operation in Documentary Credits
Functions and process of the operation in Documentary Credits Article 2 of UCP (600) defines parties to the Letter of Credit as following: “Applicant: the party to whose request the credit is issued. Beneficiary: The party in whose favor the credit is issued. Issuing Bank: Means the bank that issues […]
Read moreDiscuss the problems or limitations of foreign trade or International in Bangladesh
Discuss the problems or limitations of foreign trade or International in Bangladesh Smooth foreign trade operation is essential for businesses to expand and flourish. It has a huge impact on a country’s economy. Unfortunately, Bangladesh lacks in several areas to make foreign trade easy for businesses to expand. This article […]
Read moreExamining insurance documents
Examining insurance documents Chapter-15 Examining insurance documents Learning objectives This chapter highlights the requirements when examining documents such as insurance documents or financial, commercial and official documents. By the end of this chapter, you should be able to: ◆◆ understand the key examination criteria for insurance, financial, commercial and other […]
Read moreCDCS study materials-Honour or negotiation
CDCS study materials-Honour or negotiation Chapter-17 Learning objectives This chapter provides an overview of the concept of honour and negotiation. By the end of this chapter, you should be able to: ◆◆ explain the different settlement terms; ◆◆ understand settlement flows; ◆◆ explain the terms ‘honour’, ‘negotiation’ and ‘prepay and […]
Read moreCDCS Study Materials-Sales Contract
CDCS Study Materials-Sales Contract MCQ -Sales Contract 1. An exporter sells goods overseas on FOB and CIF Incoterms, respectively. Who is responsible for the freight charges in each? A. FOB — importer / CIF – exporter B. FOB – importer / CIF – importer C. FOB – exporter / CIF […]
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CDCS Training Materials-Examining transport documents Chapter 14 Examining transport documents Learning objectives This chapter highlights the requirements when examining transport documents. By the end of this chapter, you should be able to: ◆◆ understand the key examination criteria for transport documents; ◆◆ identify the different characteristics of transport documents; and […]
Read moreAdvising a documentary credit
Advising a documentary credit Advising a documentary credit Learning objectives This chapter describes the process from the time of receipt of a documentary credit by a bank designated as the advising bank or second advising bank to the time it is advised to a beneficiary. By the end of this chapter, you […]
Read moreIssuing a documentary credit
Issuing a documentary credit Learning objectives: In the context of this chapter, the words ‘customer’ and ‘applicant’ are interchangeable and reflect the status pre-issuance (customer) and post-issuance (applicant). This chapter describes the process performed by a bank from the time of its receipt of an application form, as completed by […]
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