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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Internal Control and Compliance (ICC) Internal Control and Compliance (ICC) 01. Definition: As per Guidelines on Internal Control & Compliance issued by Bangladesh Bank in 2016: Internal control is a process, effected by a bank’s board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement […]
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Difference between Current account and Savings account Difference between Current account and Savings account The main sources of funds for banks are deposits from the customers. Banks lend the money accepted from the public to the people who need it by charging interest. Before knowing about the deposit accounts offered […]
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Bank of America internet banking Sign In to Online Banking Give your online ID Give your Password and Sign in and follow the instructions step by step. Popular services 1. Transfer money 2. Schedule an Appointment 3. Bill Pay 4. Order Checks 6. Go paperless 7. Activate a card Send […]
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ABN Amro internet banking How do I download my bank statement from ABN Amro? Ans: Download account statements Log in to Internet Banking. Select the contracting party. Select the account type. Select the account number. Select a period. Click Ok. Open or download the PDF. Question: How do I transfer […]
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CDCS Exam MCQ and Answer CDCS Exam MCQ and Answer Chapter 1:The history and use of documentary credits One of the first forms of letter of credit introduced was known as which one of the following? A. A businessman’s letter of credit B. An exporter’s letter of credit C. A […]
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Banking News Headlines on 26.06.2019 Banking News Headlines at a Glance News Headlines at a Glance একাধিক ব্যাংক একীভূত করার বিষয় ভাবছে কেন্দ্রীয় ব্যাংক ঋণখেলাপিদের ধরেনি কেউ, পুরস্কার দিয়েছে সবাই সাড়ে ৫ হাজার কোটি টাকার ঋণের ফাঁদে নায়ক ফারুক ড. আতিউর রহমান বললেন, বিশ্বাসের ঋণ বন্ধ করতে হবে অর্থনীতিতে বিপদের […]
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Banking News Headlines on 20.06.2019 Banking News Headlines on 20.06.2019 Banking News Headlines at a Glance উচ্চ খেলাপি ঋণ নিয়ে আইএমএফের উদ্বেগ কর ফাঁদে তালিকাভুক্ত ৩০ ব্যাংক আবারও গতি ফিরেছে শেয়ারবাজারে চাকরিতে যোগদানের কয়েক ঘণ্টা আগে জানলেন নিয়োগ স্থগিত চাহিদামতো আমানত পাচ্ছে না ব্যাংক, আগ্রহ সঞ্চয়পত্রে China’s Belt and Road […]
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Letter of Guarantee and Indemnity Bid Bond and Performance Advance Payment Guarantee, Foreign Guarantee etc. Letter of Guarantee and Indemnity Bid Bond Definition: The guarantee has been defined very clearly in various statutes of law in various parts of the world; however, the substance of all these definitions is the […]
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Bank’s lending criteria for short term credit Bank’s lending criteria for short term credit: There are no standard criteria for short-term credit. Banks and other lenders tend to set their own internal rules. Nevertheless, all financial institutions are bound by general regulations and guidelines established by the central bank. There […]
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What is the content of a certificate of origin Certificate of origin: Certificate of origin is a signed document that appears to relate to the invoiced goods and certifies their origin. ISBP says regarding Certificate of origin- Basic requirement and fulfilling its function L1) When a credit requires the presentation […]
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Commercial invoice requirements for export or Import Commercial invoice: A commercial invoice is a document records a transaction between the seller and the buyer and used in trade. It is a declaration by the seller of a sale. Commercial invoices are normally prepared by sellers/beneficiaries and made out in the […]
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Whom to approach for short-term finance by bank You have several alternatives for locating funds for your business, especially to meet the requirements of short-term funding to expedite current operations. Besides the informal sources, which are no less important, the formal sources of funds comprise the financial sector of a country. The […]
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Export financing: Pre-shipment and Post-shipment Export financing: Pre-shipment and Post-shipment Pre-shipment: Bai Salam/ Packing Credit /Cash Credit (Hypothecation/Pledge). Back to Back L/C. Musharaka pre-shipment /Packing Credit Post-shipment : Negotiation of Export Bills. Baim com (Single term)/Time Loan. Quard against Cash Incentive / Duty Draw Back. Pre-shipment export finance Bai Salam/Cash […]
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