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| Trade Finance » EDF LC |
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| EDF LC |
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| Opening EDF LC |
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The credit report status of the buyer and supplier is checked. |
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The BTB entitlement for opening BTB EDF is calculated. |
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If the proposed LC amount is covered within the limit of BTB L/C as well as EDF limit, the EDF LC is opened. |
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The necessary vouchers are prepared for realization of charges |
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The LC message is prepared. After proper checking, the LC is sent through SWIFT or printed and dispatched through courier with a covering letter addressed to the advising bank. |
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On the following day, the LC opening position is informed to HO, ID as per their prescribed format for onward submission to Central Bank. |
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Reimbursement authority is also issued by SWIFT/Mail as per LC terms. Or payment instruction to be issued at the time of payment |
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Information to system for EDF L/C is similar to the information of BTB L/C. |
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Create Contra liability, Realize of L/C commission, other charges etc. |
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| Other Business Event |
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Amendment of EDF LC |
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Lodgment of EDF import bills |
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Settlement of import obligation at maturity – EDF LC |
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Cancellation of EDF LC |
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| For any query please Contact at: Tel: (PABX) 02223381614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com |
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| Foreign Currency Rates |
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| Currency |
Buying |
Selling |
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| USD |
113.00 |
114.00 |
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| EURO |
125.35 |
128.30 |
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| GBP |
145.00 |
147.70 |
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