All BD Bank Swift Code A AB Bank PLC Swift Code: ABBLBDDH Website: www.abbank.com.bd Agrani Bank PLC Swift Code: AGBKBDDH Website : www.agranibank.org Al-Arafah Islami Bank PLC Swift Code: ALARBDDH Website : www.al-arafahbank.com B Bangladesh Commerce Bank PLC Swift Code: BCBLBDDH Website : www.bcblbd.com Bangladesh Development Bank […]
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Multilateral Investment Guarantee Agency (MIGA) The Multilateral Investment Guarantee Agency (MIGA) is a part of the World Bank Group and is designed to promote foreign direct investment (FDI) in developing countries by providing political risk insurance and credit enhancement to private sector investors and lenders. MIGA’s main objective is to […]
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The World Bank The World Bank is a major international financial institution dedicated primarily to reducing poverty and promoting development in low- and middle-income countries. It comprises two main entities: IBRD (International Bank for Reconstruction and Development): Established in 1944 to help rebuild Europe post‑WWII. Today it lends to middle‑income […]
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Discrepancies of Letter of Credit Common discrepancies in the export documents Claused/unclean/foul/dirty Bill of Lading. Charter party/stale/third party Bill of Lading (Unless stipulated in the letter of credit ) ON BOARD notation in B/L updated/unauthenticated. Shipment effected from the port other than that stipulated in the credit. Goods shipped on […]
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What is Outward Remittance? Foreign Outward Remittance: Foreign currency being made out abroad may be termed as foreign outward remittance. Purpose of outward remittance are: a) Import Bills Payment b) Payment against Contract or Agreement c) Travel d) Education e) Treatment f) Membership fees g) Fees for Application h) Examination […]
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Securities company of Bangladesh Securities company of Bangladesh A.B. ISPAHANI SECURITIES LID. Rep: Mirza Ali Behrouze Ispahan! Chairman & M.D Ispahani Building (2nd Floor) 14-15, Motijheel C/A, Dhaka-1000 Ph: 9555192, Res :8827061, Mobile : 01819-240459 Fax : 9565319, 9553193 E-mail : mmi@mmpahani.com A.B.S. SAFDAR & CO. LTD. Rep: Dr. A.M.B […]
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What is Foreign Remittance? Definition: Remittance represents the transfer of funds from one place to another through an official channel. Foreign Remittance: Foreign Remittance refers to the remittance of foreign currency that is received in and made out abroad. Foreign Remittance also includes the purchase and sale of freely convertible […]
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Step of Letter of Credit Opening Step One: If any importer wants to open a L/C, the importer is to be a customer of the bank and the importer will maintain a Current Account. Step Two: Importer submits an application requesting for opening L/C for US$. …….. for import of […]
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Prime Bank Internet Banking Internet banking is helpful for all users. Nowadays, all customers prefer internet banking. Considering customers’ requirements, Prime Bank offered real-time internet banking. Just click to do bank transactions wherever you are, anytime you want. It is safe and convenient to access your account 24/7. Prime Bank […]
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SWIFT at a glance SWIFT HISTORY > Increase in International trade and commerce after World War-II > Efficient Banking System for payment mechanisms with Security, Reliability and Confidentiality was needed. > Computer and Telecommunication technology came to the rescue > Co-operative organization SWIFT was born SWIFT is the industry-owned co-operative […]
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NFC Deposit Account NFC Deposit account means Non-Resident Foreign Currency Deposit A/C NFC Deposit A/C A/C At a glance Authorized dealers may open F.C A/C in the name of the followings persons without prior approval from Bangladesh Bank. All Bangladeshi Nationals/persons, including those having dual nationals / ordinarily residing abroad […]
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International Chamber of Commerce (ICC) Established: In 1919 International Chamber of Commerce (ICC) Outline: Introduction to the International Chamber of Commerce (ICC) History and background of the ICC Structure and organization of the ICC Objectives and goals of the ICC Services and activities provided by the ICC Arbitration and […]
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International Monetary Fund (IMF) The (IMF) International Monetary Fund was originally created as part of the Bretton Woods system exchange agreement in 1944. The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary co-operation, secure financial stability, facilitate international trade, promote high employment and […]
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What are the objectives of the Bank? Objectives of a Bank Accepting DepositsThe primary objective of a bank is to accept deposits from the public safely. These deposits can be in the form of savings, current accounts, or fixed deposits. Providing Loans and AdvancesBanks aim to provide loans and advances […]
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Commercial Invoice Feature of Commercial Invoice : In international trade, a commercial invoice is an essential document that facilitates the smooth flow of goods and ensures compliance with customs regulations. A commercial invoice serves as a record of the transaction between the buyer and the seller, providing important details about […]
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