Different categories of credit risk grading definitions Different categories of credit risk grading definitions A clear definition of the different categories of Credit Risk Grading is given as follows: Superior – (SUP)– 1 Credit facilities, which are fully secured i.e. fully cash covered. Credit facilities fully covered by government guarantee. […]
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What is the certificate of Origin? What is the certificate of Origin-www.bankingallinfo.com CERTIFICATE OF ORIGIN What is the 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 […]
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Commercial invoice definition, description, features, Specimen Commercial invoice definition, description, features, Specimen: A commercial invoice is a document that 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 […]
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Bill of exchange-definition, meaning, parties, Specimen Definition of Bill of exchange Bill of exchange-definition, meaning, parties, Specimen: “A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay on demand or at fixed or determinable future time a […]
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Baimuazzal (Export)-Export Financing by Islami Bank Baimuazzal (Export)-Export Financing by Islami Bank: It is a contract in which a client wishing to purchase raw materials, finished goods, commodities, spares, machinery, equipments or any other goods for request of the bank to procure the items and sell them to him […]
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Foreign Exchange Operation Export Financing by Islami Bank Exporter means any person lawfully exporting goods from Bangladesh to any other country. After shipment, the exporter has to tender the document to the bank within the stipulated period for the negotiation of the documents are drawn under a Letter of Credit. […]
Read moreClearing House -Function, Procedure & Accounting Clearing House -Function, Procedure & Accounting: Clearing stands for mutual settlement of claims made in among member banks at an agreed time and place in respect of instruments drawn on each other. Clearing House is an arrangement under which member banks agree to meet, […]
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Importance of cash management in Bank Importance of cash management in Bank: Cash is a very important and sensitive item for day-to-day transaction of the Branches. Internal check, supervision and monitoring at different stages of cash handling is extremely necessary to avoid the incidents of thefts, fraud, forgeries, embezzlement and […]
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CASH TRANSACTIONS REPORT (CTR) AND STR) CASH TRANSACTIONS REPORT (CTR) AND SUSPICIOUS TRANSACTION REPORT (STR) What is Money Laundering? On the basis of “Money Laundering Act 2002, Money Laundering” means Properties acquired or earned directly or indirectly through illegal means & Illegal transfer, conversion, concealment of location or assistance in […]
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SUBMISSION OF RETURNS OF FOREIGN EXCHANGE TRANSACTIONS SUBMISSION OF RETURNS OF FOREIGN EXCHANGE TRANSACTIONS TO BANGLADESH BANK: 1. Authorized Dealers being responsible for dealings in foreign exchange are required to keep proper records. It is also a requirement that they submit to the Bangladesh Bank prescribed periodic returns and statements […]
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How to recovery classified Investment Recovery of Classified Investment Discipline in the investment portfolio of the branches must be maintained at any cost. Investment circulars/instruction/procedures and norms should always be meticulously followed. Discretionary powers must not be violated. Without maintaining the investment sanctioning discipline, the clients can cheat with the […]
Read moreExport Financing: Problems and precaution measures Export Financing: Problems and precaution measures: Export finance is extended to the exporters in order to assist the exporters to make shipment of the goods as required by the foreign buyers. This facility is allowed against L/C or Buyers & sellers Contract. This finance is […]
Read moreBasel II background and Risks relate to Banking Activities Basel –II & its background: Basel II background and Risks relate to Banking Activities Basel –II framework was finalized in 2004 & it states that bank should maintain capital not only covering Credit Risk but also covering Market Risk & Operational […]
Read moreHOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE: A negotiable instrument is transferable from person to person. The Negotiable Instrument Act confers upon the person, who acquired it bona fide and for value, the right to possess good title to […]
Read moreExport Credit Guarantee Schemes in Bangladesh Today, no country in the World is self-sufficient. So, every country has to import various goods and services from other countries to meet its requirements. But, much foreign exchange is required to pay the import bills. This has resulted in a cut-throat competition among […]
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