BFIU Circular Publish Date Title Link Published by: Bangladesh Financial Intelligence Unit 30/12/12 BFIU Circular No. 06: Instructions to be followed by Capital Market Intermediaries for compliance of the prevention contained in the Money Laundering Prevention Act. 2012 and Anti Terrorism Act, 2009(Including amendment of 2012) Bangla download 17/12/12 BFIU Circular No. 05: Instructions to be followed for international and domestic wire transfer Bangla download 10/10/12 BFIU Read more [...]
Banking Glossary   Acceptance Letter A letter from the applicant indicating his willingness to accept the loan after the loan is approved by the banking institution.   ActiveX A software technology that has a set of rules on how applications should share information which allow programmed capabilities or content to be delivered to Windows-based personal computers via the Internet.   Administrative charges on overseas transactions Charges imposed on overseas transaction Read more [...]
Islamic Banking vs. Conventional Banking (Foreign Exchange Mode) From the view point of Islamic “Shariah’ (law), in order to be justified as an Islamic way of dealing with financial transactions the banking systems has to avoid interest. Consequently, financial intermediation in Islamic banking between the bank and the client takes place as a partner rather than a debtor-creditor. The financial activities of modern conventional banks are based on a creditor –debtor relationship between Read more [...]
Key point of Discussion General Concept About Foreign Exchange Operation   Concept of Foreign Exchange   Local Regulation for Foreign Exchange   Foreign Exchange Regulation Act   Guideline for Foreign Exchange Transaction   Foreign Exchange Circular   Export Import Policy   Public Notice   Instruction from different Ministry   International Regulations for Foreign Exchange          Read more [...]
Import Quize Test   Q.1. What is Foreign Exchange?   Q.2. What is CAMNEL?   Q.3. What is CCI&E?   Q.4. What is FEDA?   Q.5. What is LIBOR?   Q.6. What is SWIFT?   Q.7. What is UCPDC?   Q.8. What is Foreign Exchange?   Q.9. What are the two forms are used for Outward Remittance      of Foreign Currency?   Q.10. What are the two forms are used for Inward Remittance      of Foreign Currency?   Q.11. What Read more [...]
Objectives and importance of Bank Bank has various objectives as per other financial organizations. But banking organization view point is exceptional than others. The objectives of bank can be viewed from three different perspectives: 1) Objective from the view point of Bank owners, 2) Objective from the view point of the government and 3) Objective from the view point of Bank customers. 1. Objective from the view point of Bank owners i) Earning profit: Profit motive of the owners Read more [...]
Questionnaire-FEX   Tick (ü) the right answer:   1. Which one of the following is pre-shipment credit? a)      LIM. b)      PAD. c)      Packing Credit. d)      None of the above. 2. Exporters are allowed to open special type of F/C account under Exporter’s Retention Quota to facilitate: a)      Only business development of the exporter b)      To utilize the fund for any purpose c)      None of the above.   Bonded Read more [...]
Significant Changes in UCPDC-600 Significant Changes in UCPDC-600 Compared with Publication no. 500 *******  #Article     :1   :It has been expressly indicated that UCP600 contains rules.  #                :2  :All the parties including Banks and Clients have been categorically defined. Also different terminologies have been clarified.  #                :3:  :All the interpretations of UCP 500 have been compiled in a single Article of UCP Read more [...]
EDF (Export Development Fund)   Export Development Fund (EDF) is a special credit window created by Bangladesh Bank to provide short-term finance in foreign currency for import of raw materials by opening L/C at sight by the export oriented garment industries. At the request of Bangladesh Government with a view to developing its export, the International Development Organization (IDA) established an export development fund in Bangladesh Bank (Loan – 2000 BD). In this respect a treaty Read more [...]
Import & Export Financing   Legal framework of International Trade: i. Import & Export (Control) Act –1950 (Sub Section 1 of Section 3) Import Policy Order Export Policy ii. Foreign Exchange Regulation Act (FERA)-1947 iii. Guidelines for Foreign Exchange Transactions (GFET): Vol – I & Vol - II iv. Directives of NBR Customs Act- 1969 Pre-shipment Inspection (PSI) Act-1999 v. International Rules of ICC UCPDC–600 eUCP–Version 1.1 URC-522 URR-725 ISBP-681 Incoterms-2000 Main Read more [...]
How to define Bai- Salam Question: What is the meaning of Bai- Salam?  Ans:Bai- Salm has two words. One” Bai” and another one is “ Salam”. “Bai” means “ sales and purchase” and “ Salam” means advance sale and purcahse.  Question: How to define Bai- Salam? Ans: Bai-salam defined as a contract or agreement with a buyer and seller in which the seller is sold in advance the certain commodity (ies)/ products(s) permissible under Shairah and law of land to the buyer as per Read more [...]
Union Bank Ltd Premise of Union Bank         Union Bank Product and services             Union Bank Strategy Read more [...]
Discuss -Economics is the science of wealth         Economics as a Science of  Wealth: There is nobody definition of social science that contains a general acceptance. The formal roots of the scientific framework of social science will be copied back to classical economists. The pioneers of the science of social science outlined social science because the science of wealth. Adam Smith (1723 -1790), the founding father of social science, delineated  it as Read more [...]
Bank Jobs In Bangladesh Bank jobs in Bangladesh is a prestigious jobs. To get bank jobs is not so easy. It is very competitive and competition is very high.Now a days jobs seeker of Bangladesh intend to get the bank jobs because the starting salary of a bank jobs is not less then Tk.35000.00       ( Thirty five thousand) and the environment of this jobs is excellent.   Required Qualification of Bank jobs as a Probationary Officer: Masters in Bank Management (MBM) from Bangladesh Read more [...]
  BRICS establish $100bn bank At a gathering in Brazil on fifteenth calendar month, 2014, the leaders of Brazil, Russia, India, China and African nation proclaimed they were establishing a development bank to challenge the influence of venerable establishments just like the United Nations agency and therefore the International fund. The New Development Bank, which is able to be primarily based in Shanghai, can open with Associate in Nursing initial capitalization of $50 billion. Republic Read more [...]