Discounting of Bills of Exchange
Bills of Exchange
Bills of Exchange Types
Discounting of B/E
B/E
Precautions While Discounting of BIlls
Precautions by Banks
Precautions by NBFCs
Overview of legal and financial risk-management considerations in financing international business transactions. In other words, "How to Get Paid, or Get what you Pay For in International Business".
Overview of legal and financial risk-management considerations in financing international business transactions. In other words, "How to Get Paid, or Get what you Pay For in International Business".
Origin, history and types of banking systemTalha Ali
Banks have been around since the first currency was formed
In the early days of ancient empires, temples were considered to be the safest place to keep valuable commodities.
This presentation is created for education purpose only. This presentation gives information about various aspects of stock broking services in India. Following are the various points covered regarding stock broking services:-
Types of broker, Nature of Work,Regulation for brokers , Eligibility Criteria for Membership, Admission Procedure for New Membership, Role & function of brokers, responsibility of broker, Worker ethics for broker ,Process of order execution ,Ways through broker earn money, Major brokerage firms in India.
Need a quick overview of how financial markets work? This presentation is taken from my book: "Figuring Out Wall Street" and is one of several presentations prepared for seminars on stock markets, investing and financial planning. If you would like a copy, drop me an email at floyd@floydsaunders.com. We develop training for the financial services industry, contact us for details or a quote on your needs.
Financial Markets - Money market-Organized and Unorganized-Sub markets
Capital market- Primary market-IPO-FPO- NFO, Book Building-Right Issue-Private placement- Bonus issue-Buyback
Secondary Market-Stock exchanges- Role and functions of Stock Exchanges- BSE-NSE.
Regulatory authorities and their functions – RBI, SEBI
Definition of Stock Exchange : The securities regulation act of 1956 defined stock exchange as “an association , organization , or a individual which is established for for the purpose of assisting , regulating , and controlling business in buying ,selling and dealing in securities.”
Origin, history and types of banking systemTalha Ali
Banks have been around since the first currency was formed
In the early days of ancient empires, temples were considered to be the safest place to keep valuable commodities.
This presentation is created for education purpose only. This presentation gives information about various aspects of stock broking services in India. Following are the various points covered regarding stock broking services:-
Types of broker, Nature of Work,Regulation for brokers , Eligibility Criteria for Membership, Admission Procedure for New Membership, Role & function of brokers, responsibility of broker, Worker ethics for broker ,Process of order execution ,Ways through broker earn money, Major brokerage firms in India.
Need a quick overview of how financial markets work? This presentation is taken from my book: "Figuring Out Wall Street" and is one of several presentations prepared for seminars on stock markets, investing and financial planning. If you would like a copy, drop me an email at floyd@floydsaunders.com. We develop training for the financial services industry, contact us for details or a quote on your needs.
Financial Markets - Money market-Organized and Unorganized-Sub markets
Capital market- Primary market-IPO-FPO- NFO, Book Building-Right Issue-Private placement- Bonus issue-Buyback
Secondary Market-Stock exchanges- Role and functions of Stock Exchanges- BSE-NSE.
Regulatory authorities and their functions – RBI, SEBI
Definition of Stock Exchange : The securities regulation act of 1956 defined stock exchange as “an association , organization , or a individual which is established for for the purpose of assisting , regulating , and controlling business in buying ,selling and dealing in securities.”
Discounting (Transactional analysis / TA is an integrative approach to the th...Manu Melwin Joy
Each time we meet a problem, We have two options. We can use the full power of our grown up thinking, feeling and action to solve the problem or We can go to into the script. Discounting is defined as unawarely ignoring information relevant to the solution to the problem.
Definition,:A bill of exchange is an order in writing ,directing a person to pay a sum of money, to a specified person.
Negotiable Instruments Act, 1881
Acts, conclusion, parties involved, specimen examples, essential elements, Difference between promissory note and bills of exchange.
It must contain an express Order to pay money
Bill of exchange - Legal Environment of Business - Business Law - Manu Melwin...manumelwin
“A bill of Exchange is an instrument in writing containing the unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to or to the order of a certain person or to the bearer of the instrument”.
New Practices and Opportunities in Supply Chain FinanceMisys
This presentation, for a Trade Innovation circle held in Istanbul, is about new practices and opportunities in Supply Chain Finance. Looking more specifically at the Bank Payment Obligation and technology innovations.
Name of the program: - Kena
Meaning in English: - Kena (Straight Up)- to start doing what needs to be done by uplifting the entrepreneurs on the right direction with the right mindset and support.
Meaning in Amharic: - (ቀና)፡-ወጣት ስራ ፈጣሪዎችን ቀና እንዲሉ የሚያግዝ ማለትም ካሉበት ነባራዊ ሁኔታ ቀና በማለት ወደ ተሻለ ተስፋ የሚያመሩበትን እድል ያመቻቻል፣ ቀና እድል (መልካም እድል) ለወጣት ስራ ፈጣሪዎች፡፡
About Kena
Kena is a program designed by EYEA to understand, support and empower the young entrepreneurs in their entrepreneurship journey. Kena; capacitate young entrepreneurs on the required skills and make their business ideas/products ready for financing. Kena will address on the existing entrepreneurship course problem that it is more of theory which has little to no contribution in preparing the young entrepreneurs to understand there potential and realize their vision. To achieve this there is a need to prepare contextualized training, coaching and mentoring program. The overall aim of Kena program is to make the selected potential entrepreneurs to make their business ideas investment ready and network for accessing finance and related exposure at Zelela monthly policy advocacy and networking platform.
Intervention of Kena schemes
1. Developing lab for entrepreneurial capacity assessment, Profiling selected potential entrepreneurs and develop Competency based model.
2. Capacitate Selected Young Entrepreneurs through Training, Coaching and Mentoring Program and business information.
3. Conduct pitch competition.
4. Prepare them for Show case event (Expose the young entrepreneurs to Zelela platform which advocate towards a better business ecosystem for Job and Wealth creation “Beyond Being Employee Program” BBEP and expose them to network on Zelela.
5. Recommend the entrepreneurs to access finance by facilitating digital ID and Ip in addition to bankable business proposal.
Objective of Kena
- EYEA- aims to provide service packages that enhance trusts between entrepreneurs and financial institutions the “Trust- Startup (IDEs) Incubation & Acceleration Program”- (TSIAP) and to promote them to Zelela platform.
- EYEA has designed a program called Kena to empower young entrepreneurs by providing contextualized training, coaching and mentoring to make their business ideas investment ready and network for accessing finance. The objective of Kena is to provide service packages that enhance trusts between entrepreneurs and financial institutions the “Trust- Startup (IDEs) Incubation & Acceleration.
- EYEA has designed a program called Kena aims to build trust between entrepreneurs and financial institutions through IDEs Incubation & Acceleration.
EYEA's Kena program provides training, coaching and mentoring to empower young entrepreneurs to access finance.
Target of Kena
- On young entrepreneurs from different areas like university students and others whose age is 18-35.
- On the sectors demanded by entrepreneurs. The priority sectors are Agriculture, Health, Tourism, Manufacturing, Education and ICT.
Environmental Scanning of TravelKhana - Indian StartupBaibhav Agrawal
Introduction of TravelKhana, Operational Model of TravelKhana, Funding of TravelKhana, The Drivers for Railway Catering, Demand Driven Business Model of TravelKhana, Strategic Models of TravelKhana, SWOT Analysis of TravelKhana, Value Chain Analysis of TravelKhana, PEST Analysis of TravelKhana, Porter's Five Forces Model Application for Travelkhana, Indian Railway, IRCTC, Railway Food Catering, Environmental Scanning of TravelKhana
Call Money
Notice Money
Definition of Call Money
Definition of Notice Money
FEATURES OF CALL MONEY
CALL MONEY MARKET
REASONS FOR EXISTENCE OF CALL MONEY
IMPACT OF CALL MONEY
Corporate Social Responsibility Definition, CSR, Corporate Social Responsibility Scope, Scope of Corporate Social Responsibility, Scope of CSR, CSR Scope, Activities Under Corporate Social Responsibility, Activities under CSR, Difference Between Corporate Social Responsibility and Charity, Difference Between CSR & Charity
Insurance, Sector History, FDI in Insurance, Government Role in Insurance, Industry Growth Pattern, Challenges of Insurance Market, Foreign Direct Investment in Insurance
Total Productive Manufacturing, Total Perfect Management, Total Profit Management, Total People Management, Total Productive Management, Total Productive Maintenance, Total Productive Management
Use of information and communication technologyBaibhav Agrawal
Enhancing Agriculture sector, ICT, Robotics, Computational Intelligence, Intelligent Environment Control, Use of ICT,Use of information and communication technology
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
2. Monday, August
8, 2016
Baibhav Agrawal
• Bills of Exchange – What
• Bills of Exchange – Types
• Bills of Exchange – Creation
• Discounting of Bills of Exchange
• Discounting of Bills – Advantage to Banks
• Processing - Credit Assessment
• Precautions – By Banks, NBFCs
3. Monday, August
8, 2016
Baibhav Agrawal
• The bill of exchange (B/E) is used for financing a transaction in
goods which means it is essentially a trade related instrument.
• According to Negotiable Instruments Act, 1881: “The bills of
exchange is an instrument is writing, containing an
unconditional order, signed by the maker, directing a certain
person to pay a certain sum of money, only to, or to the order
of, a certain person, or to the bearer of that instrument”.
4. Monday, August
8, 2016
Baibhav Agrawal
1. Demand Bill – Payable immediately on presentment to employee.
2. Usance Bill – Time period recognized for payment of bills.
3. Documentary Bill – These B/E are accompanied by documents that confirm
trade has taken place.
4. Clean Bills – These Bills are not accompanied by any documents. Interest
rate charged is higher than documentary bill.
5. Step
1
• Two parties i.e. seller sells goods or merchandise to a buyer.
Step
2
• Seller would like to be paid immediately but buyer would like to pay after sometime.
Step
3
• Seller draws a B/E of a given maturity on the buyer.
Step
4
• Seller (Creditor) becomes drawer of the bill and buyer (Debtor) becomes drawee of
the bill.
Step
5
• Seller sends the bill to buyer for his acceptance.
Step
6
• Acceptor may be buyer himself or third party.
6. Monday, August
8, 2016Baibhav Agrawal
Holder of an accepted B/E has two options:
Hold on to B/E till maturity and then take the payment from the buyer.
Discount the B/E with discounting agency.
• The act of handing over an endorsed B/E for ready money is called discounting
the B/E. The margin between the ready money paid and face value of the bill is
called the discount
• The maturity of a B/E is defined as the date on which payment falls due.
• Normal maturity periods are 30, 60, 90 or120 days.
• Bills maturing within 90 days are most popular.
• Discounting agencies are banks, NBFC, company, high net worth individuals
etc.
7. Monday, August
8, 2016
Baibhav Agrawal
Safety Funds – B/E is a negotiable instrument bearing the signature of two parties
considered good for the amount of bill, so he can enforce his claim easily.
Certainty of Payment – A B/E is a self liquidating asset with the banker knowing in advance
the date of its maturity.
Profitability – The discount on bill is front ended, the yield is much higher than in the other
loans and advances, where interest paid quarterly or half yearly.
Evens out inter-bank liquidity problem –The development of healthy parallel bill
discounting market would have stabilized the violent fluctuations in the call money market
as banks could buy and sell bills to even out their liquidity mismatches.
8. Monday, August
8, 2016
Baibhav Agrawal
Discounting agencies will do the appraisal of the customer.
Credit limit will fix up by discounting agencies
The credit limits are based on following considerations :
1. Credit worthiness of drawer (client)
2. Credit worthiness of drawee and dishonor (if any)
3. Nature of Customer’s industry.
Once discounting agencies, gives approval for bill discounting, following documents are
submitted:-
Invoice
Challan
Receipt of goods (acknowledge by buyer)
Promissory Note
Railway Receipt/ Truck Receipt
Post dated cheque for interest amount
9. Monday, August
8, 2016
Baibhav Agrawal
• Goods covered by documents are those in which the company is dealing
• The amount of bill should match with business turnover of the company.
• Where discounting agencies is operating or have a branch office.
• The credit report on the drawee is satisfactory.
• The goods covered under the bill are not of perishable in nature.