Banking News Headlines on 20.06.2019 Banking News Headlines on 20.06.2019 Banking News Headlines at a Glance উচ্চ খেলাপি ঋণ নিয়ে আইএমএফের উদ্বেগ কর ফাঁদে তালিকাভুক্ত ৩০ ব্যাংক আবারও গতি ফিরেছে শেয়ারবাজারে চাকরিতে যোগদানের কয়েক ঘণ্টা আগে জানলেন নিয়োগ স্থগিত চাহিদামতো আমানত পাচ্ছে না ব্যাংক, আগ্রহ সঞ্চয়পত্রে China’s Belt and Road […]
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Letter of Guarantee and Indemnity Bid Bond and Performance Advance Payment Guarantee, Foreign Guarantee etc. Letter of Guarantee and Indemnity Bid Bond Definition: The guarantee has been defined very clearly in various statutes of law in various parts of the world; however, the substance of all these definitions is the […]
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Bank’s lending criteria for short term credit Bank’s lending criteria for short term credit: There are no standard criteria for short-term credit. Banks and other lenders tend to set their own internal rules. Nevertheless, all financial institutions are bound by general regulations and guidelines established by the central bank. There […]
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What is the content of a certificate of origin 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 fulfilling its function L1) When a credit requires the presentation […]
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Commercial invoice requirements for export or Import Commercial invoice: A commercial invoice is a document 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 out in the […]
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Whom to approach for short-term finance by bank You have several alternatives for locating funds for your business, especially to meet the requirements of short-term funding to expedite current operations. Besides the informal sources, which are no less important, the formal sources of funds comprise the financial sector of a country. The […]
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Methods of payment and financing techniques In export trade, one may come across a number of modes of payment and financing techniques. The objective of this chapter is to illustrate all these payment and financing techniques which are available in Bangladesh. First, because loans serve to make payments. More specifically, […]
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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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Top 10 Banks in Singapore List of the top 10 banks in Singapore. Developmental Bank of Singapore: The Development Bank of Singapore (DBS) was set up in 1968 by the government of Singapore. DBS currently operates over 100 branches across the country. DBS is the largest bank in Southeast Asia, […]
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International trade transport documents Models of the main international trade and transport documents ready to use with explanations about what they are and practical advice to complete them. Trade transport documents lists are given below: International Proforma Invoice International Commercial Invoice Commercial Invoice A formal demand note for payment issued […]
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Common Import and Export Documents There are many documents involved in international trade, such as commercial documents, financial documents, transport documents, insurance documents and other international trade related documents. In processing the export consignment, documentation may be executed in up to four contracts: the export sales contract, the contract of […]
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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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Security features of Taka Security Features Of 1000 Taka Denomination Note Front Side of the Note Back Side of the Note 1. The size of this note is 160×70mm duly signed by the Dr. Atiur Rahman, Governor, Bangladesh Bank. 2. This note is printed on highly durable paper containing synthetic […]
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CDCS Exam 2020 Probable Question and Answers Chapter 1 The history and use of documentary credits One of the first forms of letter of credit introduced was known as which one of the following? A businessman’s letter of credit An exporter’s letter of credit A traveler’s letter of credit D.A […]
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eUCP Chapter-23 Learning objectives: This chapter includes a brief history and outline of eUCP. By the end of this chapter, you should be able to: ◆◆ describe the features of eUCP; and ◆◆ understand the contrast between the rules in UCP 600 and those under eUCP. 23.1 eUCP The ICC […]
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