This document provides information about Axis Bank's six-week vocational training program in their Forex department. It discusses the functions of Axis Bank's Forex department in Ludhiana, including money transfers, issuing demand drafts and cheques, and performing spot contracts, forward contracts, currency options, and other forex services. Organizational charts and SWOT analyses of the department are also presented. Export financing options like pre-shipment financing, post-shipment financing, and other concepts are defined in brief.
Export-Import Bank of India is the premier export finance institution of the country.
It commenced operations in 1982 under the Export-Import Bank of India Act 1981.
Government of India launched the institution with a mandate to not just enhance exports from India, but also to integrate the country’s foreign trade and investment with the overall economic growth.
Export-Import Bank of India is the premier export finance institution of the country.
It commenced operations in 1982 under the Export-Import Bank of India Act 1981.
Government of India launched the institution with a mandate to not just enhance exports from India, but also to integrate the country’s foreign trade and investment with the overall economic growth.
Like every other business even in export business, finance plays a very important role. Some common payment terms are cash in advance, open account, consignment sales, document against payment, documents on acceptance, documentary letter of credit.
The Export Import Bank was set up to provide finance facilities and promote foreign trade.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
5. Methods of Payment in International Trade/Export and Import FinanceCharu Rastogi
This presentation discusses methods of obtaining export and import finance such as Accounts Receivable Financing, Factoring (Cross-Border Factoring), Letters of Credit (L/C) Banker’s Acceptance (BA), Working Capital Financing, Medium-Term Capital Goods, Financing (Forfaiting) and Countertrade. It also discusses methods of payment of international trade; Cash in Advance, Letters of Credit, Documentary Collections and Open Account followed by a comparative study of different methods. Furthermore, types of letter of credit and procedure of working of a letter of credit are also discussed.
Documentary collection is one of the widely used payment methods in international trade. Partes involved in collections, types etc are discussed further in the presentation.
It includes EXIM financing - Preshipment and Post shipment Financing, Forfaiting and factoring. In addition to this Interest rate subvention and ECB are also covered
Some of the documents required in export transaction are preliminary inquiry and offer, confirmation of order, export license, finance among others. There are two dozen commercial and regulatory documents that are involved in the pre-shipment stage of an export transaction.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
Import and Export Financing-Forms and Methods with Alternative financing technique (EDF, International Factoring, Bonded Warehouse Faculty, Duty Draw back facility, UPAS LC) business case solution, in relation with Rupali Bank Ltd. International Business.
Like every other business even in export business, finance plays a very important role. Some common payment terms are cash in advance, open account, consignment sales, document against payment, documents on acceptance, documentary letter of credit.
The Export Import Bank was set up to provide finance facilities and promote foreign trade.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
5. Methods of Payment in International Trade/Export and Import FinanceCharu Rastogi
This presentation discusses methods of obtaining export and import finance such as Accounts Receivable Financing, Factoring (Cross-Border Factoring), Letters of Credit (L/C) Banker’s Acceptance (BA), Working Capital Financing, Medium-Term Capital Goods, Financing (Forfaiting) and Countertrade. It also discusses methods of payment of international trade; Cash in Advance, Letters of Credit, Documentary Collections and Open Account followed by a comparative study of different methods. Furthermore, types of letter of credit and procedure of working of a letter of credit are also discussed.
Documentary collection is one of the widely used payment methods in international trade. Partes involved in collections, types etc are discussed further in the presentation.
It includes EXIM financing - Preshipment and Post shipment Financing, Forfaiting and factoring. In addition to this Interest rate subvention and ECB are also covered
Some of the documents required in export transaction are preliminary inquiry and offer, confirmation of order, export license, finance among others. There are two dozen commercial and regulatory documents that are involved in the pre-shipment stage of an export transaction.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
Import and Export Financing-Forms and Methods with Alternative financing technique (EDF, International Factoring, Bonded Warehouse Faculty, Duty Draw back facility, UPAS LC) business case solution, in relation with Rupali Bank Ltd. 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".
Export Import Banking … providing financial assistance to exporters and importers, and … functioning as the principal financial institution for coordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country's international trade...
Import financing is a vital requirement of the import firms for smooth handling of operations. Commercial banks of all types are involved in various degrees of import financing based on their availability of foreign exchange and attitude towards risks. Various firms of import financing programs can be availed by the import firms subject to their credit worthiness and bank-client relationship. Bangladesh has to make more import payments to the Asian overseas suppliers than those of suppliers from other developed countries. Import financing problems are found to vary from the bank and client's point of view. Clearly, well-thought policy measures can help the financially unsound import firms to utilize the available import financing facilities in Bangladesh.There exist some inhibiting factors of import financing both for the commercial banks and import firms dealing with such banks. These bottlenecks hinder the smooth functioning of the import firms to perform import operations. It is true that many import firms become discouraged in import trade due to these impediments. The problem of import financing in Bangladesh discussed from the above two perspective. Import financing accounts for the lion's share of a country's foreign trade financing. It needs to be made available by banks on easy terms and conditions to facilitate the smooth import operations in a country. Each import deal has huge amount of financial involvement, which many import firms cannot afford to arrange from their own or institutional fund. This is why, they are to rely heavily on banks or other financial institutions for the supply of import finance.
Export Credit Guarantee Corporation of IndiaIsha Joshi
Export Credit Guarantee Corporation of India Ltd. ( ECGC ) is a Government of India Enterprise which provides export credit insurance facilities to exporters and banks in India. It functions under the administrative control of Ministry of Commerce & Industry, and is managed by a Board of Directors comprising representatives of the Government, Reserve Bank of India, banking , insurance and exporting community. Over the years, it has evolved various export credit risk insurance products to suit the requirements of Indian exporters and commercial banks. ECGC is the seventh largest credit insurer of the world in terms of coverage of national exports. The present paid up capital of the Company is Rs. 1200 Crores and the authorized capital is Rs. 5000 Crores.
ECGC is essentially an export promotion organization, seeking to improve the competitive capacity of Indian exporters by giving them credit insurance covers comparable to those available to their competitors from most other countries. It keeps its premium rates at the lowest level possible.
What Do International Trade Finance Companies Offer The Indian Market.pdfsophiaheartfield
There are several techniques to gauge business growth. One of the most obvious signs of success is the expansion into foreign markets. No matter what business it is, the objective is to grow by generating income and recognition.
1. Presentation on Six Weeks Vocational Training at AXIS BANK (Forex Department) Presented By- Aakriti Gupta Arora Gaurav Singh 94972238253 94972238262
52. Comparison in terms of Rate of Interest SNO Name of Bank BPLR BASE RATE 1 SBI 11.75% 7% 2 PNB 11% 8% 3 BANK OF INDIA 12% 8% 4 CENTRAL BANK OF INDIA 12% 8% 5 CORPORATION BANK OF INDIA 12% 7.75% 6 SIDBI 11% 7.5% 7 INDIAN BANK 12.50% 8% 8 SYNDICATE BANK 12% 8.25% 9 VIJAYA BANK 12.15% 8.25% 10 CANARA BANK 12% 8%
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64. Comparison in Terms of Interest Rates in Private Banks SNO Name of Bank BPLR Base Rate 1 Standard Charted Bank 16% 7.25% 2 City Bank 15% 7.5% 3 Axis Bank 14.75% 7.50% 4 South Indian Bank 16.% 8.10% 5 ICICI Bank 15.75% 7.5% 6 Catholic Serian Bank 14.75% 8% 7 Fedral Bank 15.25% 7.75% 8 HDFC Bnak 15.75% 7.5% 9 Indusind Bank 16.75% 7% 10 Yes Bank 16.50% 7%
