Limit is a documentary credit limit is the maximum amount for which an importer may have balances outstanding under documentary credits at any one time.
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- Category of Banking System
Based on organizational characteristics banking system may be categorized as follows........
- Single European Act.
One of the most significant events affecting international banking was the Single European Act, which was phased in by 1992 throughout the European Union (EU) countries.As a result of this act, banks have expanded across European countries.
- Documentary credit
Supervising certain documents and issuing certain papers disburse this type of loans to the clients. Here banks don’t provide ...
- Tax Avoidance
Tax Avoidance is lawful agreement or re-arrangement of the affairs of an individual or company intended to avoid liability to tax
- Assignment of Proceeds
Assignment of Proceeds is the process of assigning proceeds or part proceeds of a negotiation or claim under an export documentary credit by the negotiating bank
- Forward Exchange Contract (FEC)
Forward Exchange Contract (FEC) is an agreement entered into between customer and his bank wherein customer agrees to buy or
- Investment banks
Investment banks means firms that assist in the initial sale of securities in the primary market.