Difference between TT (Selling) Rate and B.C (selling) Rate

Difference between TT (Selling) Rate and B.C (selling) Rate

Difference between TT (Selling) Rate and B.C (selling) Rate TT (Selling) rates are used for remittance from one country to another by telegraphic transfer and payment involves no loss of interest profit. BC (selling) rate is applied against the import, which requires some extra work. Therefore the rate represents the […]

Read more
Difference between Letters of Credit vs. Documentary Collection

Difference between Letters of Credit vs. Documentary Collection

Difference between Letters of Credit vs. Documentary Collection Letters of Credit in a Nutshell A letter of credit is an arrangement where an issuing bank (typically, the buyer’s or importer’s bank) unconditionally guarantees to pay the seller’s bank when the goods are delivered along with specific documents containing very precise […]

Read more
Precautionary Measures at Cash Counter to Fight against Covid-19 and other Contagious Diseases

Precautionary Measures at Cash Counter to Fight against Covid-19 and other Contagious Diseases

Precautionary Measures at Cash Counter to Fight against Covid-19 and other Contagious Diseases Contagious: the communication of disease one person to another by close contact. Epidemic: when a disease affects a large number of people within a community, population, or region. Pandemic: An epidemic disease that spreads over multiple countries’ […]

Read more
Last one hour- global Banking news

Last one hour- global Banking news

Last one hour- global Banking news Last one hour- global Banking news 11.45 PM Margin compression is coming for Indian banks’ books, but not yet https://www.livemint.com/market/mark-to-market/margin-compression-is-coming-for-india-s-banks-but-not-yet-11614680879155.html Assessing goodwill impairment amid COVID-19 https://www.journalofaccountancy.com/news/2021/mar/assessing-goodwill-impairment-amid-coronavirus-pandemic.html Cevian calls on boards to end ‘ESG box checking’ and set pay targets European activist investor’s warning comes […]

Read more
International Banking News

Bank of England prepares first clear break from Brussels

Bank of England prepares first clear break from Brussels – EU rules torn apart! The bank o England is preparing to tear up the EU rulebook as Brexit Britain begins to re-shape the financial sector. Regulators have outlined proposals to diverge from the European  Unions’ rulebook as stricter EU roles […]

Read more
About International Business Ethics

About International Business Ethics

About International Business Ethics  Rationales of International Business Misunderstandings about MNCs Intergovernmental Understandings Impact of Operations of the Multinationals Desired Operations to Ensure Mutuality Internet Business Caux Round Table Conference Codes International Business in Islam Summing Up MNC stands for Multinational Company/Corporation. David W Ewing defined MNC, …a company having […]

Read more
FAQ- Classified investment (1)

The A – Z of Classified Investment

The A – Z of Classified Investment Faq-Classified investment related questions are given below: ✅ Question : 01 :: What is the  Categories of Loans and Advances ? Ans: All loans and advances will be grouped into four (4) categories for the purpose of classification, namely- (a) Continuous Loan (b) […]

Read more
What do you know about “CERTIFICATES OF ORIGIN ”as per ISBP_ (1)

What do you know about “Certificates of origin ”as per ISBP?

What do you know about “Certificates of origin ”as per ISBP? Ans: CERTIFICATES OF ORIGIN :  Basic requirement 196) A requirement for a certificate of origin will be satisfied by the presentation of a signed, dated document that certifies to the origin of the goods. Issuers of certificates of origin […]

Read more
1 2 3 9