Scrutiny of Import documents Scrutiny of Import documents Following points should be carefully checked in respect of the relevant documents: (a) Forwarding schedule of the negotiating bank whether there is any discrepancy mentioned in it whether there is any special instruction that cannot be complied with whether there is any […]
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Asian Clearing Union (ACU) At A Glance Asian Clearing Union (ACU) At A Glance: Asian Clearing Union (ACU) is a payment arrangement whereby the participants settle payments for intra-regional transactions among the participating central banks on a net multilateral basis. The main objectives of the clearing union are to facilitate […]
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Islamic Banking Deposit Products Islamic Banking Deposit Products: Islamic banks receive deposits under two principles: i) Al-Wadeeah principle. ii) Mudaraba principle. Al-Wadeeah: The fund which is deposited with Banks by the depositors with clear permission to utilize/invest the same is called Al-Wadeeah. Islamic banks receive deposits in Current Accounts on […]
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Credit facilities to the exporters in Bangladesh What types of credit facilities are provided by the banks to the exporters in Bangladesh? Identify the steps a financial bank should take to address those risks: Export plays a dominant role in the economy of our country. In the export trade, the […]
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FAQ-International Monetary Fund (IMF) 1. What is the IMF’s mission and how has that changed over time? The International Monetary Fund (IMF) was created in 1944 to maintain the standard of fixed exchange rates that was established at the end of World War II. Since the abandonment of the gold standard in […]
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International Trade & Foreign Exchange-Banking Diploma Question THE INSTITUTE OF BANKERS, BANGLADESH (IBB) Banking Diploma Examination, July, 2019 DAIBB International Trade & Foreign Exchange (F E) Time—3 hours Full marks—100 Pass marks—5O [The figures in the right margin indicate full marks. Answer any four questions from group A and one […]
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Social Islami Bank Agent Banking BACKGROUND: Agent Banking provides banking and financial services to the underserved population through engaged agents under a valid agency agreement, rather than a teller/ cashier. Agent banking is a new concept in Banking Industry of Bangladesh though Agent banking is very popular in many countries (viz. Mexico, […]
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Top 10 Bank of Malaysia Top 10 Bank of Malaysia Maybank CIMB Bank Public Bank Berhad RHB Bank Hong Leong Bank AmBank Group United Overseas Bank (Malaysia) Bank Rakyat OCBC Bank (Malaysia) Berhad HSBC Bank Malaysia Berhad Maybank Maybank is the largest bank in the country in terms of total […]
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Top 10 Bank of Pakistan Top 10 Bank of Pakistan Top banks in Pakistan are: National Bank of Pakistan Bank Alfalah Standard Chartered Habib Bank United Bank Limited Meezan Bank Allied Bank Askari Bank MCB Bank Faysal Bank National Bank of Pakistan Established in 1957, the National Bank of Pakistan […]
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Opening Account with National Bank of Pakistan National Bank of Pakistan is a commercial bank established in 1949 with its headquarters in Karachi. The bank serves both commercial and public sector banking to its customers and has a total 1,450 branches as of March 2017. National Bank of Pakistan also […]
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Short note: Foreign exchange related terms Short note: Foreign exchange related terms Quasi Negotiable Instruments are those Instruments that can be transferred by endorsement and delivery but the transferee does not get a better title that of the transferor. Therefore they cannot be classified as negotiable Instruments and hence the Negotiable Instruments act is not applicable to […]
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The Ultimate Guide To The Swap Market Exchange rate instability and the collapse of the Bretton Woods System and particularly the control over the movement of the capital internationally paved the way for the origin of the financial swaps market. Today swaps are at the center of the global financial […]
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How To Use The Interest Rate Swap The basic structure of an interest rate swap consists of the exchange between two counterparties of fixed-rate interest for floating-rate interest in the same currency calculated by reference to a mutually agreed notional principal amount. This principle amount, which would normally equate to […]
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Cash Incentive of Export: Procedure in Bangladesh EXPORT An export is a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. Exports are a crucial component of a country’s economy, as the sale of such goods adds to the […]
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How to approach lenders in Bangladesh You have explored all the means available to you to improve your liquidity (see chapter l, Assessing your financial needs). You believe you now need a short-term credit from a bank or other institution to finance your trading or manufacturing activities. Your next step […]
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