All BD Bank Swift Code A AB Bank PLC Swift Code: ABBLBDDH Website: www.abbank.com.bd Agrani Bank PLC Swift Code: AGBKBDDH Website : www.agranibank.org Al-Arafah Islami Bank PLC Swift Code: ALARBDDH Website : www.al-arafahbank.com B Bangladesh Commerce Bank PLC Swift Code: BCBLBDDH Website : www.bcblbd.com Bangladesh Development Bank […]
Read more
International Bank for Reconstruction and Development (IBRD) – Overview Establishment Founded: 1944 Headquarters: Washington, D.C., USA Part of: The World Bank Group Membership: 189 countries (as of 2024) Mission The IBRD aims to: Reduce poverty Promote sustainable development Support economic reform and reconstruction Strengthen institutions and infrastructure in developing countries […]
Read more
Multilateral Investment Guarantee Agency (MIGA) The Multilateral Investment Guarantee Agency (MIGA) is a part of the World Bank Group and is designed to promote foreign direct investment (FDI) in developing countries by providing political risk insurance and credit enhancement to private sector investors and lenders. MIGA’s main objective is to […]
Read more
The World Bank The World Bank is a major international financial institution dedicated primarily to reducing poverty and promoting development in low- and middle-income countries. It comprises two main entities: IBRD (International Bank for Reconstruction and Development): Established in 1944 to help rebuild Europe post‑WWII. Today it lends to middle‑income […]
Read more
Step to RBC Online Banking Step-by-Step Guide to RBC (Royal Bank of Canada) Online Banking: Step 1: Enroll in RBC Online Banking If you are a new user: Go to RBC Online Banking Sign-Up Page Click “Enroll Now” or “Sign up for Online Banking.” Provide: RBC Client Card or Credit […]
Read more
Discrepancies of Letter of Credit Common discrepancies in the export documents Claused/unclean/foul/dirty Bill of Lading. Charter party/stale/third party Bill of Lading (Unless stipulated in the letter of credit ) ON BOARD notation in B/L updated/unauthenticated. Shipment effected from the port other than that stipulated in the credit. Goods shipped on […]
Read more
What is Outward Remittance? Foreign Outward Remittance: Foreign currency being made out abroad may be termed as foreign outward remittance. Purpose of outward remittance are: a) Import Bills Payment b) Payment against Contract or Agreement c) Travel d) Education e) Treatment f) Membership fees g) Fees for Application h) Examination […]
Read more
Securities company of Bangladesh Securities company of Bangladesh A.B. ISPAHANI SECURITIES LID. Rep: Mirza Ali Behrouze Ispahan! Chairman & M.D Ispahani Building (2nd Floor) 14-15, Motijheel C/A, Dhaka-1000 Ph: 9555192, Res :8827061, Mobile : 01819-240459 Fax : 9565319, 9553193 E-mail : mmi@mmpahani.com A.B.S. SAFDAR & CO. LTD. Rep: Dr. A.M.B […]
Read more
What is Foreign Remittance? Definition: Remittance represents the transfer of funds from one place to another through an official channel. Foreign Remittance: Foreign Remittance refers to the remittance of foreign currency that is received in and made out abroad. Foreign Remittance also includes the purchase and sale of freely convertible […]
Read more
Step of Letter of Credit Opening Step One: If any importer wants to open a L/C, the importer is to be a customer of the bank and the importer will maintain a Current Account. Step Two: Importer submits an application requesting for opening L/C for US$. …….. for import of […]
Read more
Prime Bank Internet Banking Internet banking is helpful for all users. Nowadays, all customers prefer internet banking. Considering customers’ requirements, Prime Bank offered real-time internet banking. Just click to do bank transactions wherever you are, anytime you want. It is safe and convenient to access your account 24/7. Prime Bank […]
Read more
SWIFT at a glance SWIFT HISTORY > Increase in International trade and commerce after World War-II > Efficient Banking System for payment mechanisms with Security, Reliability and Confidentiality was needed. > Computer and Telecommunication technology came to the rescue > Co-operative organization SWIFT was born SWIFT is the industry-owned co-operative […]
Read more
Pre-Shipment Inspection (PSI) Legal Framework: Pre-shipment Inspection Rules – 2002 (SRO No. – 255-AIN/2002/1973/Shulka, Dated 19-09-2002 which replaces Pre-Shipment Inspection Order – 1999, Dated 19-10-1999) Amendment of Pre-shipment Inspection Rules–2002 (SRO No. 38-AIN/2008/2188/Shulka, Dated 05-06-2008) Circular regarding exemption from mandatory pre-shipment inspection (SRO No. 193-AIN/2010/2311/Shulka, Dated 10.06.2010) Customs Act-1969 Import […]
Read more
XpressMoney XpressMoney is a global money transfer branded company in—. It provides money transfer service Over the last 13 years which is convenient, affordable, accessible and secure form. At present XpressMoney is an international money transfer provider company. They serve more than 55,000 customers everyday all over the world. Their […]
Read more
ICC: Introduction-Purpose-Historical Background-Core Pillars International Chamber of Commerce (ICC): Unlocking Global Trade and Integrity in Business Introduction to the International Chamber of Commerce (ICC) In the bustling realm of international trade, the International Chamber of Commerce (ICC) stands as a linchpin for commerce, arbitration, and global business ethics. Founded with […]
Read more