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 […]
Read MoreBankers 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 […]
Read MoreBankers Of the Article Foreign Exchange-International Trade Payment Methods – Domestic and International regulations What do you mean by Foreign Exchange? Foreign currency refers to the process or mechanism by which the currency of one country is converted into the currency of another country. Foreign exchange means converts currency […]
Read MoreBankers Of the Article ATM-Mobile Banking-Garnishee Order-Bank Rate-Lien ATM ATMs are electronic machines, which are operated by a customer himself to deposit or to withdraw cash from bank. For using an ATM, a customer has to obtain an ATM card from his bank. The ATM card is a plastic card, […]
Read MoreBankers Of the Article Nikash House-NPL-Bankers Book Evidence Act-Endorsement etc. 11.0 Nikash House The clearing activities of the banks: Currently Bangladesh Bank is receiving the information of cheques/instruments on diskettes from all member banks of clearing house and processes the same using a software ‘NIKASH’ developed […]
Read MoreBankers Of the Article CORE RISKS MANAGEMENT-MONEY LAUNDERINGS-FOREIGN EXCHANGE RISKS-SMEs 6.0 CORE RISKS MANAGEMENT Introduction: Risk is a part of human life. Banking is also a risk bearing industry. There are numerous risks in banking activities. Bankers have to achieve their objectives by managing these risks. Present banking […]
Read MoreBankers Of the Article Credit Information Bureau (CIB)-Automated Clearing House-Asian Clearing Union. 3.0 Credit Information Bureau (CIB) The Credit Information Bureau (CIB) of Bangladesh Bank is responsible among others for collection, processing and maintaining an updated database of credit related information supplied by participants, institutions which extend credit i.e. […]
Read MoreBankers Of the Article Know Your Customer (KYC)-Claynton Rule? 1.0 Know Your Customer (KYC) KYC is an acronym for “Know your Customer”, a term used for customer identification process. It involves making reasonable efforts to determine true identity and beneficial ownership of accounts, source of funds, the nature of […]
Read MoreBankers Of the Article Overview of EDF ? To boost up the export of non-traditional product by facilitating access to financing in foreign exchange for input procurements by manufacturer-exporters a refinancing fund of USD 30 million was created with the collaboration of IDA and Bangladesh Government in 1989 is known as […]
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