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.…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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