Articles by CS M Pota
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Guarantees
CS M Pota 15 April 2014 at 13:17What is Guarantee Guarantee the term that provides Calm to the person in the form of Security that the thing for which it is given will be done if not done financial compensation will be paid. So the guarantee is a security for getting done the work
Nostro, Vostro and Loro Accounts in Foreign Transaction
CS M Pota 12 February 2014 at 12:09Foreign currency means any other currency other than the home currency, so if we say with reference to the above example foreign currency means any other currency other than Rupee for India, Pound Sterling for UK and US Dollar for USA.
Letter of Credit / Documentary Credit
CS M Pota 08 February 2014 at 12:27Letter of Credit/Documentary Credit Letter of Credit/Documentary Credit is a one of the method of payment through which payment in theinternational as well as domestic market is effected for the goods purchased or service provided. Though there is a
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