25 December 2008
The discrepancy may be in documentation and the facts of the case. As far as documentation is concerned, the standard documents like agreement, application, guarantee, collateral security etc should be verified. The orders in hand, the goods exported, credit terms and the production cycle are other areas to assess the working capital requirement which should be analysed.
25 December 2008
i like to calculate the ineterst charged by the bank weather it is calculated right or not... because i found that bank has even charged the interest on the margin money kept by the bank at a time of disbusement in post shipment money... may i kanoe the meaning for FBPU, FABC and other terms used by the bank ...
25 December 2008
FBPU : Foreign Usance Bills Purchased Advance
FABC : Advance against Foreign Bills or Collection
Interest is charged on daily product method and daily product is calculated by multipling the outstanding amount of loan with the days for which the amount is outstanding.
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