How to report summary statements of exports receipts and import payments of Bangladesh Bank

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How to report summary statements of exports receipts and import payments of  Bangladesh Bank REPORTING OF SUMMARY STATEMENTS, EXPORT RECEIPTS AND IMPORT PAYMENTS TO BANGLADESH BANK. Mechanism of Reporting Transactions: How to report summary statements of exports receipts and import Read More …

Type of Guarantee that are generally issued by the bank

Guarantee

Type of Guarantee that are generally issued by the bank Guarantee Guarantee: A guarantee is promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future debt in case of default by the principal Read More …

UCPDC 600-Uniform Customs and Practice for Documentary Credits 600

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UCPDC 600-Uniform Customs and Practice for Documentary Credits 600   UCPDC ARTICLE 1 Application of UCP The Uniform Customs and Practice for Documentary Credits, 2007 Revision, ICC Publication No. 600 (“UCP”) are rules that apply to any documentary credit (“credit”) Read More …

ISSUANCE OF FOREIGN BANK GUARANTEE

Guarantee

ISSUANCE OF FOREIGN BANK GUARANTEE Guarantee A guarantee is promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future debt in case of default by the principal debtor. So the guarantor is Read More …