Different Types of Guarantee in Banking Different Types of Guarantee: a) Financial Guarantee (Bid Bond): Under a financial Guarantee the Bank undertakes to discharge the financial liability of the third party in case of default. These are usually given on behalf of Contractors in lieu of earnest money. Financial Guarantees […]
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Security-Concept & Types-Characteristics of good Security- Proper Valuation of Security Security-Concept & Types-Characteristics of good Security- Proper Valuation of Security By Md. Towhid Hossain, SVP, IRMD, SIBL, HO. Introduction: One of the most important functions of a bank is to employ its fund by way of Investments/loans and advances to […]
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Different categories of credit risk grading definitions Different categories of credit risk grading definitions A clear definition of the different categories of Credit Risk Grading is given as follows: Superior – (SUP)– 1 Credit facilities, which are fully secured i.e. fully cash covered. Credit facilities fully covered by government guarantee. […]
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What is the certificate of Origin? What is the certificate of Origin-www.bankingallinfo.com CERTIFICATE OF ORIGIN What is the certificate of Origin? : Certificate of origin is a signed document that appears to relate to the invoiced goods and certifies their origin. ISBP says regarding Certificate of origin- Basic requirement and […]
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Commercial invoice definition, description, features, Specimen Commercial invoice definition, description, features, Specimen: A commercial invoice is a document that records a transaction between the seller and the buyer and used in trade. It is a declaration by the seller of a sale. Commercial invoices are normally prepared by sellers/beneficiaries and made […]
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Bill of exchange-definition, meaning, parties, Specimen Definition of Bill of exchange Bill of exchange-definition, meaning, parties, Specimen: “A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay on demand or at fixed or determinable future time a […]
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Security-Concept & Types-Characteristics of good Security One of the most important functions of a bank is to employ its fund by way of Investments/loans and advances to its customers and a bank’s strength depends considerably on the quality of its Investments/loans and advances. Though the banks are now expected to […]
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Baimuazzal (Export)-Export Financing by Islami Bank Baimuazzal (Export)-Export Financing by Islami Bank: It is a contract in which a client wishing to purchase raw materials, finished goods, commodities, spares, machinery, equipments or any other goods for request of the bank to procure the items and sell them to him […]
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Foreign Exchange Operation Export Financing by Islami Bank Exporter means any person lawfully exporting goods from Bangladesh to any other country. After shipment, the exporter has to tender the document to the bank within the stipulated period for the negotiation of the documents are drawn under a Letter of Credit. […]
Read moreIntegration of Human Resource in Strategic Decision Introduction to Integration of Human Resource in Strategic Decision Integrating Human Resource Strategy with Corporate and Functional Strategies GM’s corporate strategy of retrenchment and revitalization that we examined in the case at the beginning of this chapter will drive human resource, marketing, operations (production), […]
Read moreCheque Types-Crossing of cheque and Endorsement Cheques may be of two types: Open or uncrossed cheques & Crossed Cheque 1. An open cheque is payable at the counter of the drawee bank on the presentation of cheque. Such cheque runs great risk in the course of circulation because once a […]
Read moreClearing House -Function, Procedure & Accounting Clearing House -Function, Procedure & Accounting: Clearing stands for mutual settlement of claims made in among member banks at an agreed time and place in respect of instruments drawn on each other. Clearing House is an arrangement under which member banks agree to meet, […]
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Importance of cash management in Bank Importance of cash management in Bank: Cash is a very important and sensitive item for day-to-day transaction of the Branches. Internal check, supervision and monitoring at different stages of cash handling is extremely necessary to avoid the incidents of thefts, fraud, forgeries, embezzlement and […]
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CASH TRANSACTIONS REPORT (CTR) AND STR) CASH TRANSACTIONS REPORT (CTR) AND SUSPICIOUS TRANSACTION REPORT (STR) What is Money Laundering? On the basis of “Money Laundering Act 2002, Money Laundering” means Properties acquired or earned directly or indirectly through illegal means & Illegal transfer, conversion, concealment of location or assistance in […]
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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 […]
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