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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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 […]
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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 […]
Read moreWhat 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: 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: 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 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 – 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 – 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 […]
Read moreForeign Exchange Regulation Act 1947 Foreign Exchange Regulation Act 1947: There is an elaborate machinery to effectively operate the exchange control and regulation in the country. The machinery comprises the authorities empowered to regulate foreign exchange transactions and to enforce the provisions of Foreign Exchange Regulation Act and to deal with […]
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