How to import and Export through L/C Key point of Discussion Workshop on “ How to import and Export through L/C ” General Concept About Foreign Exchange Operation Concept of Foreign Exchange Local Regulation for Foreign Exchange Foreign Exchange Regulation Act Guideline for Foreign Exchange Transaction Foreign Exchange Circular Export […]
Read moreAuthor: Banker Makhluk
20 Import Quiz Test
20 Import Quiz Test Q.1. What is Foreign Exchange? Ans: Foreign Exchange: As per the Foreign Exchange Regulation Act. 1947, Section 2(d) “Foreign Exchange” means foreign currency and includes any instrument drawn, accepted, made of issued under clause 13 of Article 16 of the Bangladesh Bank order, 1972, all deposits, credits […]
Read moreSignificant Changes in UCPDC-600
Significant Changes in UCPDC-600 Significant Changes in UCPDC-600 Compared with Publication no. 500 ******* #Article :1 :It has been expressly indicated that UCP600 contains rules. # :2 :All the parties including Banks and Clients have been categorically defined. Also different terminologies have been clarified. # :3: :All the interpretations […]
Read moreExport Development Fund (EDF)
Export Development Fund (EDF) Export Development Fund (EDF) is a special credit window created by Bangladesh Bank to provide short-term finance in foreign currency for import of raw materials by opening L/C at sight by the export oriented garment industries. At the request of Bangladesh Government with a view to […]
Read moreImport & Export Financing
Import & Export Financing Legal framework of International Trade: i. Import & Export (Control) Act –1950 (Sub Section 1 of Section 3) Import Policy Order Export Policy ii. Foreign Exchange Regulation Act (FERA)-1947 iii. Guidelines for Foreign Exchange Transactions (GFET): Vol – I & Vol – II iv. Directives […]
Read moreAll Bank Branch Location of BD
All Bank Branch Location of BD All BD Bank Branch Location Step: One Please click the link of the bank which branch location you want. Step-Two Go to home page of the Bank. Step-Three Find Branch location and click there.Remember this, some time branch location not found then click contucts […]
Read moreSample of SWIFT Letter of Credit
Sample of SWIFT Letter of Credit sender : SOCIAL ISLAMI BANK LIMITED (PRINCIPAL BRANCH, DHAKA) BANGLADESH . receiver : ICICI BANK LIMITED (GLOBAL TRADE SERVICES UNIT-MUMBAI) IN . 27: Sequence of Total 1/1 40A: Form of Documentary Credit IRREVOCABLE 20: Documentary Credit Number 120209020060 31C: Date of Issue 090915 […]
Read more
All BD Banks Head Office
All BD Banks Head Office All BD Banks Head Office Private Bank In Bangladesh 1.AB Bank Limited Contact: AB Bank Limited, BCIC Bhaban, 30-31 Dilkusha C/A, Dhaka 1000 Phone: +880-2-9560312 Fax: +880-2-9555098 Email: info@abbl.com 2.Bangladesh Commerce Bank Ltd. Contact: Bangladesh Commerce Bank Ltd. Eunoos Trade Centre (Level-22) 52-53 Dilkusha C/A […]
Read moreDPS Of All BD Bank
DPS Of All BD Bank DPS(Deposit Pension Scheme) EBL DPS Features Insurance Features The monthly installments have built in life insurance coverage which assures the maturity value of the deposit in case of depositor’s death due to any cause (excluding pre-existing illness/disability, […]
Read moreSWIFT Code of all BD Bank
SWIFT Code of all BD Bank To search all swift code of Bangladeshi bank please visit below: All BD Bank Swift Code A AB Bank Limited Swift Code: ABBLBDDH Website: www.abbank.com.bd Agrani Bank Limited Swift Code: AGBKBDDH Website : www.agranibank.org Al-Arafah Islami Bank Limited Swift Code: ALARBDDH Website […]
Read moreSIBL Credit Card
SIBL Credit Card At present credit card is very extensively used mode of financial transaction and it is widely known as “ Plastic Money”. It has created an immense impact in the life of the people all over the world.The same trend is being followed in Bangladesh too.Now a […]
Read moreBank Draft
Bank Draft Introduction : Banks remit funds from one place to another through the network of their branches. The main instrument for remittance of funds are bank drafts, mail transfer, telegraphic transfer and traveller’s cheques. Here, we will focus are attention on features and operational aspects of bank draft. Definition […]
Read moreClearing
Clearing Clearing is the process of collection of proceeds of instruments of different banks by a collecting bank through some systematic procedures with the involvement of Central Bank. Types of instruments: Cheques (CD, SB, Loan) Demand Draft Payment Order Others Related Terms: Crossing Clearing Stamp Endorsement Clearing […]
Read morebKash
bKash bKash is a subsidiary of BRAC Bank Limited. It started their journey as a joint venture company between BRAC Bank Limited, Bangladesh as well as Money in Motion LLC of USA, and in April 2013 International Finance Corporation (IFC). It is a member of the World Bank Group, bKash […]
Read more
SWIFT at a glance
SWIFT at a glance SWIFT HISTORY > Increase in International trade and commerce after World War-II > Efficient Banking System for payment mechanism with Security, Reliability and Confidentiality was needed. > Computer and Telecommunication technology came to rescue > Co-operative organization SWIFT was born SWIFT is the industry-owned co-operative […]
Read more