Documentary Credits and Their Variations Documentary Credits and Their Variations Documentary Credits Explained The independence principle: Central to documentary credit business is the independence of the bank’s undertaking to pay from the underlying contract between the buyer & seller. This means that the bank’s undertaking to pay the beneficiary is not […]
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What are the Articles of URR 725? Page 1 of 17 The Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits (URR-725) (Effective date: 01 October 2008) Page 2 of 17 Changes made in URR 725 URR 725 should not be seen as a revision of URR 525. It is an updating process that […]
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Documentary credits and other methods of settlement Learning objectives Documentary credits and other methods of settlement? This chapter provides an overview of what a documentary credit is, with a basic flow chart to describe the steps from the contract agreement until settlement for a documentary credit that is not confirmed by the advising […]
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The role of the ICC and the development of the UCP The role of the ICC and the development of the UCP 2.1 The role of the International Chamber of Commerce (ICC) The International Chamber of Commerce (ICC) is the world business organization- a representative, body that speaks with authority on behalf of enterprises from […]
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The history and use of documentary credits Learning objectives: What is the history and use of documentary credits? This chapter includes a brief history of the documentary credit, insight into currently available statistics (2013 data) and the types of transaction for which a documentary credit is often chosen as the […]
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What is Islamic Bond Sukuk? What is Islamic Bond Sukuk? SUKUK (Islamic Bond) may be the alternative channeling of funds for industrialization of Bangladesh Contributor: Dr. Mohammed Shahid Ullah There is a growing demand for shariah compliant instruments in the Islamic countries as well as the rest of the world as […]
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Payza Facilities bank lists in Bangladesh Payza Facilities bank lists in Bangladesh The following banks in Bangladesh facilitate the PAYZA: AB Bank Limited Agrani Bank Limited Al-arafah Islami Bank Limited Bangladesh Bank Bangladesh Commerce Bank Limited Bangladesh Development Bank Limited Bangladesh Krishi Bank Bangladesh Samabaya Bank Limited Bank Al-falah Limited […]
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Main Document Used in Transport in Import and Export Main Document Used in Transport in Import and Export are given below: Bill of Lading Consignment note / Delivery note Airway bill/Air consignment note Packing list and Weight note Goods received note/Cargo receipt Transport documents Transport document serves as an evidence […]
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Security-Concept & Types-Characteristics of good Security One of the most important functions of a bank is to employ its fund by way of Investments/loans and advances to its customers and a bank’s strength depends considerably on the quality of its Investments/loans and advances. Though the banks are now expected to […]
Read moreIntegration of Human Resource in Strategic Decision Introduction to Integration of Human Resource in Strategic Decision Integrating Human Resource Strategy with Corporate and Functional Strategies GM’s corporate strategy of retrenchment and revitalization that we examined in the case at the beginning of this chapter will drive human resource, marketing, operations (production), […]
Read moreCheque Types-Crossing of cheque and Endorsement Cheques may be of two types: Open or uncrossed cheques & Crossed Cheque 1. An open cheque is payable at the counter of the drawee bank on the presentation of cheque. Such cheque runs great risk in the course of circulation because once a […]
Read moreModes Of Investment Under Islamic Banking Investment Instrument of an Islami Bank: Islami Bank invests its money in various sector of the economy through different modes permitted by shariah and approved by Bangladesh Bank. The modes of investment are as follows: 1. Mudaraba. 2. Musharaka 3. Murabaha [ Commercial, Post […]
Read moreImport by Letter of Credit Authorisation Form-LCAF Authentication/Registration Of LCAF: When the importer submits LCAF (Letter of Credit Authorisation Form) with other papers to the bank to open L/C, Bank will Authenticate the LCAF, confirming the following: IRC is valid, renewal fee paid (if required) Item to be imported is […]
Read moreSpecial types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors, and Administrators. Every person who is competent to contract can open an account with a bank provided the bank is satisfied regarding his bonafides and is willing to enter into necessary business […]
Read moreDuties and Obligations of Paying Banker Duties and Obligations of Paying Banker and Collecting Banker under NI Act, 1881 Paying Banker >A Banker on whom a cheque is drawn should pay the cheque when it is presented for payment. , >This cheque paying function is a distinguished one of a banker. […]
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