Bankingallinfo

UCPDC ARTICLE 5-7

UCPDC Article 5-7 ARTICLE 5 : Documents V. Goods, Services or Performance Banks deal with documents and not with goods, services or performance to which the credit may relate. ARTICLE…

Banker Makhluk April 23, 2018

International Trade

UCPDC ARTICLE 4

UCPDC ARTICLE 4 UCPDC ARTICLE 4 CREDITS V. CONTRACTS: a. A credit by its nature is a separate transaction from the sale or other contract on which it may be based. Banks…

Banker Makhluk April 23, 2018

International Trade

UCPDC ARTICLE 3: INTERPRETATIONS

UCPDC ARTICLE 3: INTERPRETATIONS For the purpose of these rules: Where applicable, words in the singular include the plural and in the plural include the singular. A credit is irrevocable even if…

Banker Makhluk April 23, 2018

Islamic Banking

Riba-Its Economic Rationale and Implications

Riba- Its Economic Rationale and Implications By Dr. Abdel-Rahman Yousri Ahmad Director General Institute of Islamic University Pakistan Introduction The word "Riba", in Arabic language, literally means an "increment' or…

Banker Makhluk April 21, 2018

International Trade

UCPDC Article 2: Definitions

UCPDC Article 2: Definition For the purpose of these rules: Advising bank means the bank that advises the credit at the request of the issuing bank.Applicant means the party on…

Banker Makhluk April 19, 2018

Banking Articles

Analysis of Financial Statements

Analysis of Financial Statements At the time a borrower, especially a businessmen or an industrialist, approaches a banker with a credit proposal, the banker investigates into all aspects of the…

Banker Makhluk April 18, 2018

Banking Articles

What do you mean inflation, features of inflation and types of inflation

What do you mean inflation, features of inflation and types of inflation Inflation means a substantial and rapid increase in the general price level which causes a decline in the…

Banker Makhluk April 14, 2018

International Trade

UCPDC 600 ARTICLE 36-39

UCPDC 600 ARTICLE 36-39 ARTICLE 36 : Force Majeure A bank assumes no liability or responsibility for the consequences arising out of the interruption of its business by Acts of…

Banker Makhluk April 10, 2018

International Trade

UCPDC 600 ARTICLE 31-35

UCPDC 600 ARTICLE 31-35 ARTICLE 31 : Partial Drawings or Shipments a. Partial drawings or shipments are allowed. b. A presentation consisting of more than one set of transport documents…

Banker Makhluk April 10, 2018

International Trade

UCPDC 600 ARTICLE 25-30

UCPDC 600 ARTICLE 25-30 ARTICLE 25: Courier Receipt, Post Receipt or Certificate of Posting A courier receipt, however named, evidencing receipt of goods for transport, must appear to: i. indicate…

Banker Makhluk April 10, 2018