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Should export packing credit should be a rupee based one or foreign currency based one based on foreign currency management skills?
Wiki User
∙ 15y ago
Packing Credit
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# Foreign currency packing credit (FCPC) Here the loan is taken in the foreign currency itself, when actual payment is received in foreign currency it is directly settled. Here no premium is available to the exporter. b. Rupee packing credit Here the loan is taken in rupee and therefore there is a scope for forward cover. Here the exporter gets a premium which reduces the interest charges.
Wiki User
∙ 15y ago
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How do you exchange foreign currency?
Your bank should be able to handle this task for you.
Where do you get the cheapest foreign currency rates?
To get the best foreign currency rates you should go to a bank as there is minimal charges involved. Also, you can choose from a wide array of foreign currencies and also get the approval within hours.
Where can one open a foreign currency account?
A foreign currency account can be opened online. These should not be too difficult to discover. Alternatively, a regular local bank can typically open a foreign currency account, so it is worth calling local banks to see which banks will perform this service. Most banks should provide this.
What kind of rates are charged by a Foreign Currency Exchange?
There are charges charged by a foreign currency exchange. These can be different based on what company you go through and should be examined before any purchasing is done.
Whats the rate on different foreign currency trading?
The rate on different foreign currency trading, depends upon which currency you have. Canadian money is worth more than a U.S. dollar, but a Mexican dollar is worth less. Your bank should be able to help with information on currency trading.
Do you buy items made only in the us as you should?
you buy them with currency, as you do foreign products as well. if you neglected to exchange the product for currency, you are a thief
What is the best currency to take to Egypt on holiday?
The best currency to take is Egyptian Pounds. These should be readily available at your local foreign exchange agency.
Should I use more packing peanuts when packing?
Yes packing peanuts will protect your package from moving inside. I know you can get free packing peanuts on BoxGiver
What is foreign currency account in pakistan?
To open FC account in any bank of pakistan,you should have (NICOP) Employee card for the company you are working,Passport copy,Utility bill copy & some banks ask you to keep minimum 500$ to maintain your account.
What services does a Foreign Currency Exchange provide?
Foreign currency exchanges exist for the purpose of buying and selling world currencies. Banks, brokers, dealers, individual companies and central banks all participate in these markets. The main purpose is to gain a profit by buying a particular currency low and sell it at a higher price. Companies that do business overseas for example, will usually need Yen, to buy products from Japanese companies. Central banks buy & sell foreign currencies to influence the prices of currencies. Individuals can buy a currency for the use of the Euro-dollar should they chose to be in Europe for business or vacations. The major players in the foreign exchange markets, however, are large banks and large financial institutions.
If a packing slip shows a shortage what should the AP department do?
If the packing slip shows a shortage, the Accounts Payable department should send it back.
What is a good packing tape and why?
A good packing tape should not only stick well but should also work with a dispenser for ease of use. The following website reviews various packing supplies including tapes: http://www.viewpoints.com/Packing-Supplies?page=1
