UCPDC 600 : An international regulations in carrying out import/export transactions through documentary credit which is applicable to all the banks in the world. It is a uniform practice applied to buyer, seller, issuing bank and negotiating bank. It is also a mandatory to all the concerned of documentary credit and staff of banks and financial institutions those working in trade finance, letter of credit and as relationship managers. All of them must be well versed in every terms and conditions of UCPDC 600.
Role of the Board of Directors (BoD) is paramount in driving the Bank by maintaining high standard of corporate governance, safeguarding the interest of the depositors and meeting the expectations of the stakeholders.
Whilst BoD delegates the authority to the Director(s), CEO or any other officials, the ultimate responsibility lies on them, which is substantiated by NRB Directives No 6/072, Section No 2 (e).
The trade of counterfeit currency is a big challenge over the world and financial institutions are places where most of transactions take place. Some foreign currencies are not so familiar for bankers. Even they don’t know how they look. The system applied in bank is just trace the currency number, customer phone number, keep the Xerox copies of passport and other travel documents. To produce fake documents along with counterfeit currency is trend for fraudsters.
This program provides the participant with basic foundation of knowledge and skills that help them to reach sound, reliable judgment of company creditworthiness. It shall focus on practical introduction to financial statement from the perspective of the credit analysts. Discussion on each component of financials statement will help the delegates to assess key qualitative and quantitative factors in determining limit requirement and repayment capacity borrower.
Bankers have to deal with numbers whether while accepting cash or making payment of cheques or analysing the credit proposals or carrying out any other activities. In many areas the software installed by the BFIs helps the staffs to get their job quickly and accurately.
However, the BFIs cannot install software for every arithmetic calculation or any other activities, which have to be carried out by the staffs as it would not be doable practically and feasible economically.
The trade of counterfeit currency is a big challenge over the world and financial institutions are places where most of transactions take place. Counterfeiting of Nepalese currencies is now common news. Also opening account with fictitious ID and transaction through this is challenging event. This program will cover the solution of these as well as ideas about document handling process.
SEBON has introduced a mechanism of application(ASBA) to the public issue for the first time in Nepal. Previous hassle of application has been cut down and lengthy process of application has been shortening down.