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Before discussion about Back to Back Letter of Credit, let us explain what we mean for letter of credit. In […]

Definition of Demand Loan/Forced Loan: The loan created by a bank to honor its own commitment may be defined as

Foreign Trade Foreign Trade Definition: Trade among nation is known as foreign trade on international trade. It includes export import

Foreign Remittance means remittance of foreign currencies from one place/person to another place/person. In broad sense, foreign remittances include all

Any person dealing in foreign exchange business risks must be familiar with the risks involved. Some of the risks are

Bill of Exchange (Draft) is a legal document evidencing claims for amounts owed. In some countries, there is a distinction

Now a days various Trade Finance Services by banks are provided in different levels of foreign trade business. Exporters and

Offshore banking units are allowed to offer services in foreign currencies. The banking unit opened up banking facilities for the

The international bank guarantee operate in much the same way as documentary credits. Practically demand guarantees, standby letters of credit