International Business
The Precautions To Be Taken before Granting A Packing Credit For Export Under L/C
The normal credit appraisal norms used by the bank are applied in the case of grant of packing credit also.…
Read More »-
The Purpose of Uniform Customs and Practice for Documentary Credits
In the sphere of international trade the letter of credit occupies an important place as a method of payment. But…
Read More » -
Advantages and Disadvantages of Letter of Credit
Advantages of Letter of Credit. To the exporter the advantages are: 1. The first advantage is from the financial point…
Read More » -
The Mechanism of a Letter of Credit in ForeignTrade
A letter of credit is an arrangement whereby a bank at the request and in accordance with the instructions of…
Read More » -
The Structure and Organization of Foreign Exchange Market in India
The foreign exchange market in India is patterned after the markets in the UK and the USA. There is no…
Read More » -
Difference Between Nostro Vostro and Loro Accounts
Nostro, Vostro and Loro Accounts: To facilitate dealings in foreign exchange, a bank in India maintains bank accounts at selected…
Read More » -
Difference Between Dealing Position and Cash Position
Foreign exchange is such a sensitive commodity and subject to wide fluctuations in price that the bank which deals in…
Read More » -
What are Swap and Deposit Transactions in Foreign Exchange
A ‘swap deal’ is a transaction in which the bank buys and sells the specified foreign currency simultaneously for different…
Read More » -
Cover Deals and Arbitrage Operations in Exchange Dealings
Cover Deals : Purchase and sale of foreign currency in the market undertaken to acquire or dispose of foreign exchange…
Read More » -
What is Extension of Forward Contracts
An exporter finds that he is unable to export on the due date but expects to do so in about…
Read More »