What you know about SWIFT SWIFT (Society for Worldwide Inter Bank Financial Telecommunication) is a in the automation of the global financial industry. Established in 1973, the bank owned co-operative has achieved its first mission to standardize and automate international payments messaging for the benefit of banks through the world. […]
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H S CODE
H S CODE Classification of commodity has been introduced in early nineteenth century in Europe. Internationally accepted coding system was first introduced in 1931 as Brussels Nomenclature and in 1937 as League of Nations Nomenclature. Present nomenclature has been introduced by Customs Co-operative Council (CCC) as CCC N (nomenclature) in […]
Read moreCharacters of SWIFT
Characters of SWIFT SWIFT codes The code is 8 or 11 characters 4 characters – bank code 2 characters – country code 2 characters – location code 3 characters – branch code, optional ( ‘XXX’ for primary office) Where an 8-digit code is given, you may assume that it refers […]
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Bank BANK Bank is a financial institution or corporation which deals with money and its substitutes; it also provides other financial services. Banks accept deposits and make loans and obtain a profit from the difference in the interest paid to lenders (depositors) and charged to borrowers, respectively. It is formed […]
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Interview Basic Knowledge for Bankers Background of Basel-II What is BIS ? The Bank for International Settlements (BIS) is an international organization, which fosters international monetary and financial co-operation and serves as a bank for central banks. The BIS fulfils this mandate by acting as: i) a forum to promote […]
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Banking Service Banking Service: After years of polling and market research, it turns out customers are constantly internalizing their customer service experience. What this means is they are grading your customer service during each transaction but you rarely know it. While there are a multitude of customer need, five basics […]
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Privacy Policy This privacy policy has been compiled to better serve those who are concerned with how their ‘Personally identifiable information’ (PII) is being used online. PII, as used in US privacy law and information security, is information that can be used on its own or with other information to […]
Read moreImport Business of Islamic Bank
Import Business of Islamic Bank Import Business : All Islamic bank of Bangladesh runs their import business is mainly divided into the following three categories: i) Import of Commercial goods. ii) Import of raw materials for production purpose. iii) Import of capital / machineries. The importers avail of investment facilities […]
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Online Banking Online Banking is a system allowing individuals to perform banking activities at home, through the internet or Web banking. Online banking is also known as ‘Internet banking’ or ‘Web banking’. A few online banks are conventional banks which also offer online banking, where as others are online only […]
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SWIFT SWIFT is the acronym of worldwide interbank financial telecommunication History of SWIFT Increase in International trade and commerce after World War-II Efficient Banking System for payment mechanism with Security, Reliability and Confidentiality was needed. Computer and Telecommunication technology came to rescue. Co-operative organization SWIFT was born SWIFT is the […]
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RIA RIA means Registered Investment Advisor. Ria offers the advice and guidance you need.Ria is the third largest money transfer company all over the world. It provides their service through 207,000 global agent network locations in 135 countries of global village.It was founded in 1987. Ria offers various financial products […]
Read moreWhat is Bill of Exchange
What is Bill of Exchange A bill of exchange is an order made by the shipper or an exporter who is called a drawer of bill to the buyer or importer who is called a drawee of the bill, asking him to make the payment of the amount specified in […]
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Information-sharing meetings Information-sharing meetings differ from problem -solving How do information-sharing meetings differ from problem -solving or decision making? Ans. Meeting are called to solve problems or share information. Information-sharing meeting is a sitting of a group people for proper decision on a discussing matter/topic. Meeting can be an extremely […]
Read moreLodgement Of Import Documents
Lodgement Of Import Documents If import documents found in order, it is to be made entry in the bill register & necessary voucher to be passed putting bill number on the documents, completing the necessary formalities. This process is called Lodgement. Documents must be lodged immediate after receipt of the […]
Read moreWhat is UCPDC 600
What is UCPDC 600 UCPDC 600 is the latest version of the rules that govern letters of credit transactions worldwide. UCPDC 600 is prepared by International Chamber of Commerce’s (ICC) Commission on Banking Technique and Practice. Its full name is 2007 Revision of Uniform Customs and Practice for Documentary Credits, […]
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