What is the function of Treasury front office? Functions of Treasury Front Office: Statutory management Optimization of risk return through specialization and management Funding of the Balance Sheet at optimum prices Proposing interest rate matrix to the ALCO Proposing various investment options to the ALCO Analyze various economic trends and […]
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What are the Importance of International Business for economy?
What are the Importance of International Business for economy? The points below highlight the importance of international business: a) Earn foreign exchange: International business exports its goods and services all over the world. This helps to earn valuable foreign exchange. This foreign exchange is used to pay for imports. Foreign […]
Read moreWhat are the reasons against foreign Trade?
What are the reasons against foreign Trade? Reasons against Foreign Trade are given below: Following points explain the need and importance of foreign trade to a nation. Division of labor and specialization Foreign trade leads to division of labor and specialization at the world level. Some countries have abundant natural resources. […]
Read moreWhat is foreign Trade or International Trade?
What is foreign Trade or International Trade? Foreign trade is nothing but trade between the different countries of the world. It is also called as International trade, External trade or Inter-Regional trade. It consists of imports, exports and entrepot. The inflow of goods in a country is called import trade […]
Read moreShort note: Foreign exchange related terms
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 […]
Read moreHow To Use The Interest Rate Swap
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 […]
Read moreExport financing: Pre-shipment and Post-shipment
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 […]
Read moreAn Overview of International Trade and Foreign Exchange
An Overview of International Trade and Foreign Exchange Contributed by—Mohammad Ullah, Director, ABTI Definition of International Trade/Foreign Trade: “Trade is essential an international transformation of commodities, inputs, and technology which promotes welfare in two ways. It extends the market of a country’s output beyond national frontiers and may ensure better […]
Read moreSUBMISSION OF RETURNS OF FOREIGN EXCHANGE TRANSACTIONS
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 […]
Read moreWhat is IFSC-MICR codes-SWIFT Codes
What is IFSC-MICR codes-SWIFT Codes What is IFSC? IFSC stands for Indian Financial System Code . The Payment System Applications such as Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT) and Centralised Funds Management System (CFMS) developed by the Reserve Bank of India use these codes. The IFSC […]
Read moreURR 725, URC 522, ISBP 745: Their uses and Implication in Foreign Trade
URR 725, URC 522, ISBP 745: Their uses and Implication in Foreign Trade URR 725, URC 522, ISBP 745: Their uses and Implication in Foreign Trade: Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credit -URR 725New Publication Number 725 to become effective October 1, 2008 Background to URR The Uniform […]
Read moreSewing Section in Garment Industry
Sewing Section in Garment Industry Sewing Section in Garment Industry-Sewing section: The sewing process is the attachment of different parts of the cut pieces. In this work place there are many operators who perform single operation. All this factor decides what parts of garment can be sewn at that station. […]
Read moreComputer Aided Design (CAD) Software in Garment Industry
Computer Aided Design (CAD) Software in Garment Industry Computer Aided Design (CAD) Software in Garment Industry CAD in Garment Industry: CAD is the contraction which stands for Computer Aided Design. CAD or Computer Aided Design has brought a revolution in the Textile industry, especially in apparel industry. The time consuming […]
Read moreInternational Trade and Foreign Exchange
International Trade and Foreign Exchange – By Anwarul Haque Qureshi The importance of international trade in the economy of a country is too well known to need emphasis. A number of advantages flow from international trade. Many developing nations of the world owe their hopes of development on it. A […]
Read moreFUNCTIONS OF FOREIGN EXCHANGE
FUNCTIONS OF FOREIGN EXCHANGE – By Anwarul Haque Qureshi 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 […]
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