Significant Changes in UCPDC-600 Significant Changes in UCPDC-600 Compared with Publication no. 500 ******* #Article :1 :It has been expressly indicated that UCP600 contains rules. # :2 :All the parties including Banks and Clients have been categorically defined. Also different terminologies have been clarified. # :3: :All the interpretations […]
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H S CODE Classification of commodity has been introduced in early nineteenth century in Europe. Internationally accepted coding system was first introduced in 1931 as Brussels Nomenclature and in 1937 as League of Nations Nomenclature. Present nomenclature has been introduced by Customs Co-operative Council (CCC) as CCC N (nomenclature) in […]
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Export Development Fund (EDF) Export Development Fund (EDF) is a special credit window created by Bangladesh Bank to provide short-term finance in foreign currency for import of raw materials by opening L/C at sight by the export oriented garment industries. At the request of the Bangladesh Government with a view […]
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Sample of SWIFT Letter of Credit Sender: SOCIAL ISLAMI BANK PLC (PRINCIPAL BRANCH, DHAKA) BANGLADESH . receiver: ICICI BANK LIMITED (GLOBAL TRADE SERVICES UNIT-MUMBAI) IN . 27: Sequence of Total 1/1 40A: Form of Documentary Credit IRREVOCABLE 20: Documentary Credit Number 120209020060 31C: Date of Issue 090915 40E: Applicable Rules […]
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Import and Export Financing Legal framework of International Trade: i. Import & Export (Control) Act –1950 (Sub Section 1 of Section 3) Import Policy Order Export Policy ii. Foreign Exchange Regulation Act (FERA)-1947 iii. Guidelines for Foreign Exchange Transactions (GFET): Vol – I & Vol – II iv. Directives of […]
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DPS of All Bangladeshi Banks – Features, Interest Rates & Comparison (2025) A Deposit Pension Scheme (DPS) is a fixed monthly deposit plan where individuals save a certain amount every month for a specific tenure, typically ranging from 3 to 10 years. At the end of the term, the depositor […]
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Supervision-Follow-Up And Monitoring Of Advances Lending is one of the most important functions of a commercial bank and with the modern concept of social order and participation of commercial banks in various phases of commercial, industrial, agricultural and other economic activities of the country, it is of paramount importance that […]
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Islamic Banking vs. Conventional Banking Islamic Banking vs. Conventional Banking (Foreign Exchange Mode) From the view point of Islamic “Shariah’ (law), in order to be justified as an Islamic way of dealing with financial transactions the banking systems has to avoid interest. Consequently, financial intermediation in Islamic banking between the bank […]
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Short Question UCPDC 600 Question:01 What is UCPDC ? Ans:Uniform Customs and Practice for Documentary Credits Question:02 How many Articles in UCPDC 600 ? Ans: 39 Articles Question:03 What is the title of Article 01 UCPDC 600 ? Ans:Application of UCP Question:04 What is the title of Article 02 UCPDC […]
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Hire Purchase Musharaka Mutanaqasa (HPMM) Hire Purchase Musharaka Mutanaqasa (HPMM) Introduction, Theory and Application Mode of Investment in Islamic Banking Hire Purchase Musharaka Mutanaqasa (HPMM) is one of the most revolutionary structures in Islamic finance. It’s not just a mouthful—this model bridges the gap between Shariah principles and modern asset […]
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SWIFT Code of all BD Bank To search all swift code of Bangladeshi bank please visit below: All BD Bank Swift Code A AB Bank Limited Swift Code: ABBLBDDH Website: www.abbank.com.bd Agrani Bank Limited Swift Code: AGBKBDDH Website : www.agranibank.org Al-Arafah Islami Bank Limited Swift Code: ALARBDDH Website […]
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Bank Draft: Comprehensive overview Introduction : Banks remit funds from one place to another through the network of their branches. The main instrument for remittance of funds are bank drafts, mail transfer, telegraphic transfer and traveller’s cheques. Here, we will focus are attention on features and operational aspects of bank […]
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SIBL Credit Card Overview At present credit card is very widely used mode of financial transaction, and it is widely known as “ Plastic Money”. It has created an immense impact in the life of people all over the world. The same trend is being followed in Bangladesh too. Nowadays, […]
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Clearing: Definition-Types-Steps-Benefits-Limitations Ever wondered how money moves so smoothly between banks, stock exchanges, or businesses? The secret lies in a process called clearing. It might sound complex, but it’s something we interact with more often than we realize—whether paying for your morning coffee, transferring funds, or trading stocks. In this […]
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Global Express Money Remittance (GEMR) When it comes to sending money internationally, people want speed, security, and reliability. Global Express Money Remittance (GEMR) stands as one of the leading solutions addressing these needs. Whether you’re a migrant worker sending funds to family or a business making cross-border payments, GEMR offers […]
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