Trade Operation
Letter of Credit & NRB Circulars
The banking industry in Nepal has seen exponential growth. The competitive market has stretched the limits of customer numbers. To tackle these issues, excellent customer service and innovative marketing of one’s banking products becomes essential. With this in mind National Banking Institute brings to you Documentary Letter of Credit and Current NRB Regulations. This program aims to deliver the best course content with consultation with the industry experts.
Documentary Credit Practices Based on ICC Rules
Documentary Credit forms the foundation of the trade finance services offered by most banks across the world. Despite its common usage and its existence spanning hundreds of years, banks, applicants and beneficiaries experience issues in its handling every day of every week. Some of these issues are avoidable, some are down to lack of understanding of the needs of the product, but others are due to a misapplication of the underlying rules and practices.