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Short Note for DAIBB- Back to Back Letter of Credit
Back-to-back letter of credit is a negotiable instrument which is issued from a buyer to a seller unconditionally where the seller can further transfer the letter of credit to his supplier. In simple words, in this type of letter of credit a seller gets an L/C (commonly known as master L/C), which he can further negotiate with his suppliers (commonly known as Back to back L/C). It helps the seller to produce his desired selling product. However, the back-to-back L/C must be opened in conformity of the master L/C. Example of Back-to-Back Letter…
Job Circular: Management Trainee Officer Recruitment At Modhumoti Bank Ltd.
MMBL MANAGEMENT TRAINEE PROGRAM Modhumoti Bank Limited is one of the fastest growing 4th Generation Private Commercial Bank that offers a wide range of financial products & services. The Bank is looking for aspiring individuals for its future Leadership Positions. About our MT Program Our MT Program is designed to develop incumbent with complete knowledge of Banking Business and operations. You will get exposure in functions of the Bank. Our vision is to nurture you as future leaders Of the Bank. What Qualifications You have to Meet Educ…
JAIBB: What is Garnishi and Attachment Order ?
The obligation of a banker to hounour a customer cheque is extinguished upon receipt of the order of the court is known as “Garnishi Order”. The court can issue this order under the court of Civil Procedure, 1908 –Order 21 Rule 26. If a debtor fails to pay his debt owed to his creditor, the creditor may apply to the court for issuing Garnishi Order on the banker of the debtor. This order is only applicable to the amount which is not secured by a negotiable instrument. The Garnishee Order is issued in two parts. Ø First, the Court dir…
Job Circular: Cash Management Officer Recruitment At Jamuna Bank Ltd.
Jamuna Bank Ltd. has come up a long way standing out with highly motivated workforce to lead the banking industry; now looking for experienced banking professionals to expediate the expansion strategy. Cash Management Officer Minimum five (5) year, experience in cash management in any scheduled Bank. Minimum Graduation with no third division Good Commend over English & Computer Literacy Willing to work anywhere in the country. • Only online application will be processed. • Only short listed candidates will be invited for interview. • …
Job Circular: Probationary Officer Recruitment At First Security Islami Bank Bangladesh Ltd.
First Security Islami Bank Limited , a third generation progressive Islami Shariah Based Private Commercial Bank having remarkable number of branches all over the country with excellent working environment, corporate culture & steady growth in it's business expansion program, desires to recruit Probationary Officers to strengthen the team. Potential individuals who are challenge striving, forward looking, proactive & self-motivated possessing assertive leadership quality with the following criteria are encouraged to apply. Prereq…
