Balance of payments accounting system Definition of Balance of payments accounting system: Each year, countries purchase trillions of dollars goods, services and assets from each other. The balance of payment accounting system is a double-entry bookkeeping system designed to measure and record all economic transactions between residents of one country and […]
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Money Market and Capital Market The money market is the market where short term financial instruments are transacted. The money market is where financial instruments with high liquidity and very short maturities are traded. It is used by participants as a means for borrowing and lending in the short term, […]
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Islamic Economics- A Comparative Review Islamic Economics- A Comparative Review Meaning, Nature and Scope of Islamic Economics The Origin of Islamic Economics ” And when the Prayer Is finished, then may ye Disperse through the land, And seek of the Bounty of Allah. Al-Qur’än, Sürah LXII. 10 “No one eats […]
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The A-Z link of all bank of Bangladesh BD Private Bank Websites : AB Bank ( Arab Bangla Bank) www.abbank.com.bd Bank Asia Limited. www.bankasia-bd.com Bangladesh Commerce Bank Limited. www.bcblbd.com BRAC Bank Limited. www.bracbank.com DBBL ( Dutch Bangla Bank Limited) www.dutchbanglabank.com Dhaka Bank Limited. www.dhakabankltd.com Eastern Bank Limited. www.ebl-bd.com Exim Bank Limited. www.eximbankbd.com IFIC Bank Limited. http://www.ificbank.com.bd/ Jamuna Bank Limited. www.jamunabankbd.com […]
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Methods of payment and financing techniques In export trade, one may come across a number of modes of payment and financing techniques. The objective of this chapter is to illustrate all these payment and financing techniques which are available in Bangladesh. First, because loans serve to make payments. More specifically, […]
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Islamic Financial Institutions: International and National 1. Islamic Development Bank (IDB) a. Establishment The idea of establishing an international financial institution for Muslim counties was discussed in the late 1960s by the Organization of Islamic Conference (QIC) Working papers were circulated and proposals made, but no concerted action was taken until the first […]
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Statutory Protection to Collecting Banker-www.bankingallinfo.com Statutory Protection to Collecting Banker: Section 131 of the Negotiable Instruments Act provides protection to a collecting banker who receives payment of a crossed cheque or draft on behalf of his customers. According to Section 131 of the Act “a banker who has, in good […]
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Duties and Obligations of Paying Banker-NI Act 1881 Duties and Obligations of Paying Banker-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. >This obligation […]
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AOF-KYC-TP- Risk Rating in Account Opening AOF-KYC-TP-Risk Rating in Account Opening, Entries of A/C Account Opening and Closing Register Compiled by: Muhammad Hossain Akhter AVP and FM Generally banking is the business activities of accepting and safeguarding money owned by other individuals and entities, and then invest this money in […]
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FUNCTIONS OF FOREIGN EXCHANGE Functions of Foreign Exchange: Commercials Banks have a vital role in the foreign trade of a country. They provide the finance needed to execute the transactions. They from the conduit pipe through which the documents and money are exchanged between the exporter and importer. They act […]
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Scrutiny of Export documents Scrutiny of Export documents: On Completion of shipment, the exporter submits the export documents to the bank which he prepares/obtains from different sources for negotiation/purchase/discount. Before negotiation, the bankers must examine the documents with reasonable care. Article 14(a) of UCPDC: The issuing bank must examine a […]
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Guidelines for Foreign Exchange Transactions (GFET) 2018 Volume 1 Volume 2 Guidelines for Foreign Exchange Transactions (GFET) 2018 Volume 1 Volume 2 (Only for Bangladesh) Guidelines for Foreign Exchange Transactions (GFET), 2018 Volume 1 (INDEX) SL. Chapters Guidelines for Foreign Exchange Transactions (GFET), 2018 Vol 1 1 1. Introductions and […]
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Islamic Development Bank (IDB) IDB Establishment: Islamic Development Bank (IDB): The idea of establishing an international financial institution for Muslim counties was discussed in the late 1960s by the Organization of Islamic Conference (QIC) Working papers were circulated and proposals made, but no concerted action was taken until the first […]
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Different Types of Guarantee in Banking Different Types of Guarantee: a) Financial Guarantee (Bid Bond): Under a financial Guarantee the Bank undertakes to discharge the financial liability of the third party in case of default. These are usually given on behalf of Contractors in lieu of earnest money. Financial Guarantees […]
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Security-Concept & Types-Characteristics of good Security- Proper Valuation of Security Security-Concept & Types-Characteristics of good Security- Proper Valuation of Security By Md. Towhid Hossain, SVP, IRMD, SIBL, HO. Introduction: One of the most important functions of a bank is to employ its fund by way of Investments/loans and advances to […]
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