The role of the ICC and the development of the UCP The role of the ICC and the development of the UCP 2.1 The role of the International Chamber of Commerce (ICC) The International Chamber of Commerce (ICC) is the world business organization- a representative, body that speaks with authority on behalf of enterprises from all sectors in every part […]
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The history and use of documentary credits Learning objectives: What is the history and use of documentary credits? This chapter includes a brief history of the documentary credit, insight into currently available statistics (2013 data) and the types of transaction for which a documentary credit is often chosen as the method of settlement. By the […]
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What is Islamic Bond Sukuk? What is Islamic Bond Sukuk? SUKUK (Islamic Bond) may be the alternative channeling of funds for industrialization of Bangladesh Contributor: Dr. Mohammed Shahid Ullah There is a growing demand for shariah compliant instruments in the Islamic countries as well as the rest of the world as an alternative to conventional instruments. […]
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Duties and Obligations of Paying Banker-NI Act 1881 Duties and Obligations of Paying Banker-NI Act 1881 Paying Banker >A Banker on whom a cheque is drawn should pay the cheque when it is presented for payment. , >This cheque paying function is a distinguished one of a banker. >This obligation has been imposed on him […]
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AOF-KYC-TP- Risk Rating in Account Opening AOF-KYC-TP-Risk Rating in Account Opening, Entries of A/C Account Opening and Closing Register Compiled by: Muhammad Hossain Akhter AVP and FM Generally banking is the business activities of accepting and safeguarding money owned by other individuals and entities, and then invest this money in order to earn a profit. […]
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FUNCTIONS OF FOREIGN EXCHANGE Functions of Foreign Exchange: Commercials Banks have a vital role in the foreign trade of a country. They provide the finance needed to execute the transactions. They from the conduit pipe through which the documents and money are exchanged between the exporter and importer. They act as the extended arm of […]
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Scrutiny of Export documents Scrutiny of Export documents: On Completion of shipment, the exporter submits the export documents to the bank which he prepares/obtains from different sources for negotiation/purchase/discount. Before negotiation, the bankers must examine the documents with reasonable care. Article 14(a) of UCPDC: The issuing bank must examine a presentation to determine, on the […]
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Guidelines for Foreign Exchange Transactions (GFET) 2018 Volume 1 Volume 2 Guidelines for Foreign Exchange Transactions (GFET) 2018 Volume 1 Volume 2 (Only for Bangladesh) Guidelines for Foreign Exchange Transactions (GFET), 2018 Volume 1 (INDEX) SL. Chapters Guidelines for Foreign Exchange Transactions (GFET), 2018 Vol 1 1 1. Introductions and Definitions detail.. (591 KB) 2 2. Section […]
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Islamic Development Bank (IDB) IDB Establishment: Islamic Development Bank (IDB): The idea of establishing an international financial institution for Muslim counties was discussed in the late 1960s by the Organization of Islamic Conference (QIC) Working papers were circulated and proposals made, but no concerted action was taken until the first meeting of the Finance Ministers […]
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Payza Facilities bank lists in Bangladesh Payza Facilities bank lists in Bangladesh The following banks in Bangladesh facilitate the PAYZA: AB Bank Limited Agrani Bank Limited Al-arafah Islami Bank Limited Bangladesh Bank Bangladesh Commerce Bank Limited Bangladesh Development Bank Limited Bangladesh Krishi Bank Bangladesh Samabaya Bank Limited Bank Al-falah Limited Bank Asia Limited Basic Bank […]
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Main Document Used in Transport in Import and Export Main Document Used in Transport in Import and Export are given below: Bill of Lading Consignment note / Delivery note Airway bill/Air consignment note Packing list and Weight note Goods received note/Cargo receipt Transport documents Transport document serves as an evidence of acceptance and receipt of […]
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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 in relation to tenders are […]
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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 its customers and a bank’s […]
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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. Credit facilities fully covered by […]
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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 fulfilling its function L1) When […]
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