Advising a documentary credit Advising a documentary credit Learning objectives This chapter describes the process from the time of receipt of a documentary credit by a bank designated as the advising bank or second advising bank to the time it is advised to a beneficiary. By the end of this chapter, you […]
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Issuing a documentary credit Learning objectives: In the context of this chapter, the words ‘customer’ and ‘applicant’ are interchangeable and reflect the status pre-issuance (customer) and post-issuance (applicant). This chapter describes the process performed by a bank from the time of its receipt of an application form, as completed by […]
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Essential elements of a sales contract Essential elements of a sales contract 5.1 Introduction The most basic agreement in international trade is the sales contract concluded between a seller and a buyer. This is often referred to as a ‘sales agreement’, an ‘export contract’ or a ‘foreign sales agreement’. For the purpose […]
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CDCS Training materials-Examining documents Introduction To develop an understanding of what is considered to represent international standard banking practice in the examination of documents, the ICC Banking Commission published the ISBP, first in 2003 (ISBP 645), then in an updated form in 2007 (ISBP 681), and in a revised form […]
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Documentary credit-Pre-issuance considerations and requirements Pre-issuance considerations and requirements A documentary credit as the chosen method of settlement One of the key decisions to be made when a seller and buyer negotiate a sale contract is the selection of the terms of payment. When a documentary credit is chosen, both […]
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Special types of documentary credit Confirmed Irrevocable Documentary Credit A confirmation of an irrevocable documentary credit by a bank (the confirming bank) upon the authorization or request of the issuing bank constitutes a definite undertaking of the confirming bank, in addition to that of the issuing bank, provided that the […]
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Fiscal Policy in Islam Fiscal Policy in Islam Fiscal policy refers to the way in which the government exerts influence on the economy through its overall budgetary decisions. Budgetary actions that raise the growth of government expenditures, reduce the growth of revenues and either increase the deficit or reduce the […]
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Payment Methods in import and export transactions In import and export transactions, sellers and buyers do not necessarily know each other and are taking many more risks than in domestic trade. How can sellers ensure that they will be paid? Should the currency in which they will be paid drop […]
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Transfer of Property Act 1882 TRANSFER OF PROPERTY ACT,1882 CHAPTER I PRELIMINARY Short title This Act may be called the Transfer of Property Act, 1882. Commencement: It shall come into force on the first day of July, 1882. Extent: It extends in the first instance to the whole of India […]
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Professionalism in the Banking Sector What makes a good professional? Definition of professionalism: The conduct, aims & qualities that characterize or mark a professional. The skill, good judgment & polite behaviour that is expected from a person who is trained to do a job well. “Professionalism is also about the […]
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Bank Financing Techniques to traders and manufacturers Financing Techniques Exporters, both traders and manufacturers, need finance before and after shipment of goods to the foreign buyers. In each of these phases (before and after), exporters need different types of financial assistance depending on the modes of payments contained in export contracts […]
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BD BANK BAZAR BD Bank List in a page: This is the page where we provide all bank list. So that all users get the links of all bank of Bangladesh on a page. All BD Bank link in page Organisation – Web Link AB Bank Limited http://www.abbl.com Agrani Bank […]
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Banking Industry trends 2021 Banking is a process to manage the whole financial systems of a country. Banking is a service-oriented industry that helps a country to run its local and global business smoothly. The banking industry regulated and supervised financial developments works. Top 5 Trends of Digital Banking in 2021 1. Completely […]
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How To Begin Export The first step for new entrant is to identify the product or products which he intends to export. Before considering the product, one might begin by considering why to get involved with exports, at all. One may have the following objects for starting the exports. Greater […]
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How to Establish an Export Office As soon as a company starts to obtain export business, some form of export office will be required along- with a system under which it should operate and certain people able to deal with the work. And before any goods can be dispatched, some […]
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