Author: chowdhury.munna

Types of loan securities is something of value given to a lender by a borrower to support his or her intention to repay. In the case of a mortgage, the security is the property that the loan is being used to purchase. It may include tangible, intangible assets, or even a personal guarantee. Types of loan securities for Bank Credit Personal securities: When a bank lends to a borrower on the security of a third party. Then it is called lending on personal security. In the case of personal security, one has to look at the financial status, character, reputation, amount of debt,…

Fund flow statement refers to the transfer of economic value from one asset to another, from one equity to another. The term ‘flow’ indicates change, and hence, a fund flow refers to a change in funds or a change in working capital. Importance of Fund Flow Statement 1. It shows the various sources and uses or applications of funds between the two accounting periods. 2. Fund flow statements assist in determining the shift in amount of current assets investment and current liabilities financing. 3. It works as a crucial instrument for allocation of resources of a firm. It allows an organization for making plans…

Bank deals with document not with goods. Bank business main thing is credit business either in local business or export import business. All types of credit needs proper documents. It seems that bank business related with product but actually bank deals with documents not with goods. What is loan document A loan document is a contract between a borrower and a lender that outlines the terms of a loan. The document includes information on the loan amount, interest rate, repayment schedule, and any other relevant details.The documents used in international trade are: (a) Commercial Invoice (b) Bill of Exchange (c)…

Loan syndications are often syndicated in order to avoided the risk among a large number of financial institutions. A loan syndicate is a group of several lenders. It may be a syndicated term loan, in which case the syndicate provides the borrower with a large amount of funds for a specified period of time, or it may be a syndicate of revolving loans, in this case the fund-providing institutions commit to lending the borrower a specified amount of money over a specified period of time. Syndicate loan main theme In a syndicated term loan, the credit is syndicated to a…

Supplier credit is a type of credit that a supplier offers to a customer for the purchase of goods. This type of credit allows to the customer to purchase goods from the supplier and pay for them after the time period. The terms of supplier credit may vary hard, but generally the customer will have to pay within 30 days. How to calculate the amount of supplier credit? It is a method of paying your suppliers while at the same time deposited your money in the bank. 1. Get a copy of your supplier invoices. You need to know how…

Insurable interest is that the policy holders stand to lose financially. if the things they’ve insured are damaged or destroyed. It is when you have an economic interest in another person’s life or the continuance of a legal entity or asset. For example, one have an insurance in your car because if it’s damaged, they have to pay to fix it. If there is no financial loss, there is no insurance, and the insurance company what are the requirements for ins interest refuse to pay out because he have no insurance in the car. What is insurable interest? It is…

Internet banking OTP media in e-mail service is very popular now a days. When people went abroad he might not get one time password through mobile number. Some bank cannot send OTP through abroad mobile number. In this case if some one want to change his media for getting OTP through an e-mail, he needs to fill up a form of service request form. Here i provide a form of Exim internet banking service request form. Service request form fill up instruction I will provide a pdf form below in download link How to Activate Internet banking OTP media ie IBanking  User Account Step…

Online processing and batch processing are two types of banking transaction processing. Banking online processing is the processing of banking transactions that are initiated and completed through an online banking system. Banking batch processing is the processing of banking transactions that are initiated and completed through a batch processing system. Batch Processing In Banking Online processing and batch processing is a method of processing data in which a set of data is collected and processed together in a batch. This method is used in many industries, including banking. Batch processing in banking refers to the processing of a group of…

The SWIFT code is an international standard for identifying financial institutions. It is also known as the Bank Identifier Code (BIC).For example, the SWIFT code for the EXIM Bank is EXBKBDDH. The first four characters (“EXBK”) identify the bank, while the next two (“BD”) identify the country. The last three characters (“DH”) identify the specific branch. When you need to send or receive money internationally, you’ll need to use a SWIFT code. This is because international wire transfers are processed through the SWIFT network. If you’re not sure what your SWIFT code is, you can usually find it on your…

How to protect computer from virus? There are many ways to protect your computer from viruses. One way is to install an antivirus program on your computer. This will help to remove any viruses that may be on your computer. Another way is to keep your computer up-to-date with the latest security policy. This will help to prevent any new viruses from being able to infect your computer. How to protect computer from viruses It is important to protect your computer from viruses to keep your data safe and ensure your computer runs smoothly. There are a few simple steps…