Latest Posts
  • Back to Back Letter of Credit

    Before discussion about Back to Back LC, let us explain what we mean for letter of credit. In simple words, a letter of credit is...
  • Demand Loan-Forced Loan

    Definition of Demand Loan/Forced Loan: The loan created by a bank to honor its own commitment may be defined as Demand Loan or Forced Loan....
  • Foreign Trade and Foreign Exchange

    Foreign Trade Foreign Trade Definition: Trade among nation is known as foreign trade on international trade. It includes export import and re-export of entre-port trade....
  • Foreign Remittance

    Foreign Remittance means remittance of foreign currencies from one place/person to another place/person. In broad sense, foreign remittances include all sale and purchase of foreign...
  • Foreign Exchange Business Risks

    Any person dealing in foreign exchange business must be familiar with the risks involved. Some of the risks are peculiar to foreign exchange business, while...
  • Bill of Exchange

    Bill of Exchange (Draft) is a legal document evidencing claims for amounts owed. In some countries, there is a distinction between bills of exchange in...
  • Trade Finance Services by Banks

    Exporters and importers need financing facilities to accomplish their cross-border purchase and sale. At different stages of production and payment, traders obtain financing facilities from...
  • Offshore Banking in Bangladesh

     Offshore banking units are allowed to offer services in foreign currencies. The banking unit opened up banking facilities for the Type-A, industry situated at EPZ...

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