Bank’s Accounting System-Double Entry system-Charts of Accounts Preliminary ideas of General Ledger-Trial Balance

Abbreviation of different words in financial institute

Bankers Of the Article   Abbreviation of different words in financial institute             Abbreviation of different words in financial institute?     Abbreviation :     CRISEL = Credit Rating Information’s and Services Limited     CRAB = Credit Rating Agency of Bangladesh     NCRL = National Credit Rating Limited […]

TYPES OF CREDIT ACTIVITIES

Bankers Of the Article   TYPES OF CREDIT ACTIVITIES           Depending on the various nature of financing, all the lending activities have been brought under the following major heads:     Loan (General) :     Short term, Medium term & Long term loans allowed to individual/firm/industries for a specific purpose […]

e-GP & Issuance of Bank Guarantee?

Bankers Of the Article   e-GP & Issuance of Bank Guarantee?         Background   Infrastructure development of country and Work Order/Contractor Financing run parallely. It is one of the most lucrative financing mode in the banking arena. Because it generates both funded and non-funded revenue. Majority of Infrastructure development work are done […]

What is URC?-What is URR?-What is ACU?-Transportation-Import Finance by Islami Bank? 

Bankers Of the Article   What is URC?-What is URR?-What is ACU?-Transportation-Import Finance by Islami Bank?         What is URC?   URC means Uniform Rules for Collection. Firstly the International Chamber of Commerce (ICC) published URC in 1956 and latestly revised URC, ICC publication No. 522 came into force from 01.1.1996.   […]

Major Discrepancies-IRC-ICC-Procedure Retirement etc.

Bankers Of the Article   Major Discrepancies-IRC-ICC-Procedure Retirement etc.         Write the common major discrepancies those to be checked on receiving Export/Import documents   Common discrepancies: a) Claused (unclean) Bill of Lading b) Charter party B/L (unless stipulated in the L/C) c) Full set of B/L not presented d) Bill of Lading […]

Points to be checked while scrutinizing the shipping documents-Foreign Exchange etc.

Bankers Of the Article   Points to be checked while scrutinizing the shipping documents-Foreign Exchange         Points to be checked while scrutinizing the shipping documents:       1. Forwarding Schedule of the Negotiating Bank:        Whether there is any discrepancy mentioned in it.  Whether there is any […]