Pre-Shipment Credit in Foreign Currency
‘Pre-shipment’ means any loan or advance granted or any other credit provided by a bank to an exporter for financing the purchase, processing, manufacturing or packing of goods prior to shipment, on the basis of letter of credit opened in his favour or in favour of some other person, by an overseas buyer or a confirmed and irrevocable order for the export of goods from India or any other evidence of an order for export from India having been placed on the exporter or some other person, unless lodgement of export orders or letter of credit with the bank has been waived. With a view to making credit available to exporters at internationally competitive rates, authorised dealers have been permitted to extend Pre-shipment Credit in Foreign
Currency (PCFC) to exporters for domestic and imported inputs of exported goods at LIBOR / EURO LIBOR /
We had announced on 26th September 2014 itself that course of JAIIB will change from coming exam in May 2015.
Now IIBF has come up with detailed guidelines for the same. Syllabus for the JAIIB examination has been updated due to changes that have happened in the banking and finance space. The updated syllabus for JAIIB examination (given under) will be applicable for candidates appearing from the May/June 2015 examination onwards. Continue reading JAIIB – Course Changed
New Batches Starting 2oth December 2014
Friends, Exams of JAIIB ended on 23rd November and two papers of CAIIB have also ended. We are very happy to announce stupendous success of our students. More than 85 % of our students have cleared the exam.
Buoyed by this encouraging success, we are happy to announce our fresh batches for JAIIB, CAIIB & DBF commencing 20th December 2014. Continue reading Do You Wanna Clear JAIIB,CAIIB in first attempt?