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m a c s n o t e: BRICS: New Development Bank

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BRICS: New Development Bank. BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. It is typically rendered as "the BRIC countries" or alternatively as the "Big Four". 1 http:/ en.wikipedia.org/wiki/BRICS accessed 01/09/2014. 2 http:/ www.theguardian.com/business/2014 accessed 01/09/2014. Subscribe to: Post Comments (Atom). Quote of the Day.

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m a c s n o t e: The Blue Economy

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The Blue Economy is a concept designed in 1994 by Gunter Pauli. Itʹs a way of doing business in the world. Of tomorrow ‐ combining profitability, sustainability and scientific knowledge. The Blue Economy entered the UN lexicon during the 2011 ‐12 preparations for the Rio 20 Conference. Ocean resources are the major source of protein for more than 2.6 billion people globally and are a regulator of greenhouses gases by capturing and storing 30% of the carbon humans produce. The sea also offers vast...8226;...

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m a c s n o t e: LCAF-Letter of Credit Authorization Form

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LCAF-Letter of Credit Authorization Form. LCAF stands for Letter of Credit Authorization Form. It is mainly application for permission for opening LC as well as importing of goods into Bangladesh and remittance there against. So it is used for opening LC, releasing goods and remittance there against. Bank should ensure while issuing LCAF:. Valid Import Registration Certificate (IRC). Item to be imported is eligible as per IPO (Import Policy Order). Duplicate-Custom purpose: For releasing goods. নার...

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m a c s n o t e: Parallel Salam

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Is an Islamic finance tool used to generate working capital and consists of a contractual sale in which advance payment is made by the buyer to the seller for the deferred supply of goods at a specified date pre-determined in the contract. Thus, it is a sale and purchase transaction whereby the payment is made in cash at the point of contract, but the delivery of the asset purchased will be deferred to a pre-determined date. The financier may at the same time enter into a parallel but separate. আমে...

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m a c s n o t e: The Financial Action Task Force (FATF)

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The Financial Action Task Force (FATF). In response to mounting concern over money laundering. The Financial Action Task Force. On Money Laundering (FATF) was established by the G-7 Summit that was held in Paris in 1989. Recognising the threat posed to the banking system and to financial institutions, the G-7 Heads of State or Government and President of the European Commission convened the Task Force from the G-7 member States, the European Commission and eight other countries. Learn Arabic in Facebook.

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m a c s n o t e: The Office of Foreign Assets Control (OFAC)

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The Office of Foreign Assets Control (OFAC). The Office of Foreign Assets Control. Is a financial intelligence. And enforcement agency of the U.S. government. Charged with planning and execution of economic and trade sanctions. In support of U.S. national security. Acting under Presidential national emergency powers, OFAC carries out its activities against foreign states - such as Russia. When Secretary Albert Gallatin. Administered sanctions against Great Britain. In retaliation for the harassment.

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m a c s n o t e: EXP Form

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EXP Form means Export Form which is used to export any commodity to abroad. It is a prescribed form by Bangladesh Bank in Appendix 5/19 of Guidelines For Foreign Exchange Transations. Branch (AD) will certify EXP Form only after confirming the following:. I Arrangements have been made for realization of Export proceeds. Ii Bonafide importer/consignee abroad. Iii EXP has been signed by the Exporter. Iv Arrangement has been made for receipt by Authorized Dealer of documents of title to goods. বায়&#25...

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m a c s n o t e: Banking Notes

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Indemnity nj Ggb GK Pzw³ hv‡Z GK c¶ Avi GK c¶‡K ¶wZi nvZ † ‡K i¶vi AsMxKvi K‡i †PK nvwi‡q †M‡j, bKj wWwW Bm¨y Ki‡j, wnmveavixi g„Z¨ n‡j. Indemnity †bqv nq. Hw` GKRb MÖvn‡Ki ` ÕwU wnmve v‡K (GKwU cvIbv wnmve Ges GKwU †`bv wnmve) Z‡e GK wnmve † ‡K UvKv wb‡q Ab¨ wnmve. 8225;hmKj `vq fwel¨‡Z m„wó n‡Z cv‡i ‡m¸‡jv n‡jv. M¤¢ve¨ `vq) ‡hgb-Gjwm, wejm&, e¨vsK M¨vivw›U. Negotiable Instrument means a Promissory note, Bill of Exchange or cheque payable either to order or to bearer. (N.I Act-1881 Article 13 (1). 8225;...

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m a c s n o t e: What is DIS?

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Deposit Insurance Systems is an institutional initiative to protect depositors against the loss of their deposits in the event that a scheduled bank goes into liquidation. What are the objectives of Deposit Insurance Systems (DIS)? The important objectives of DIS are:. Enhance stability of the financial system. Increase savings and encourage economic growth. Enhancing more propitious bank services. When DIS was introduced in Bangladesh? In Bangladesh Deposit Insurance was introduced in August, 1984.

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m a c s n o t e: Checklist of Foreign Exchange Transactions

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Checklist of Foreign Exchange Transactions. 1 Approval from Head Office(if required). 2 IRC checking/original copy of IRC/genuineness and its validity/checking payment of IRC fees. 3 Putting IRC fees. 4 Entitlement of IRC on IMP. 5 Validity of Indent/Proforma Invoice. 6 Renewal of the expired indent by the indentor. 7 Indent/Proforma Invoice signed by the Importer and indentor/supplier. 8 Copy of Trade license. 9 Certificate from chamber of commerce and Industries/Trade Association. 3 In case of extensio...