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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?
Packing Credit## 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.
What is pcfc?
Pre-shipment Credit in Foreign Currency is referred to as PCFC in the Indian banking circles. Some times referred to as Packing Credit in Foreign Currency.
Where can I get information about foreign credit?
A foreign tax credit is a credit for anyone who has worked in another country. Foreign trade credit is an insurance against currency changes for businesses that sell products to foreign countries.
Does navy federal credit union exchange foreign currency?
Navy Federal Credit Union can exchange most foreign-currency's. Some currency exchanges require a days notice, in order for the bank to obtain the correct currency.
What is the difference between a foreign transaction fee and a currency conversion fee?
A foreign transaction fee is charged by your credit card company for purchases made in a foreign currency, while a currency conversion fee is charged for converting one currency to another.
Can you pay your overseas education loan through Credit card with 0 percent APR?
Yes, as long as the creditor or school will accept credit as payment. Keep in mind that most credit cards carry a foreign currency conversion fee of 1 - 5% which will be added to your balance.
What is the entry of tds provision?
For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.
What is the cheapest foreign exchange option available for exchanging currency?
The cheapest foreign exchange option for exchanging currency is typically using a no-fee credit card or debit card that offers competitive exchange rates.
Is provision for credit losses the same as provision for loan losses?
yes it is
What is the definition of credit syndication?
activities connected with joint credit procurement and project financing,aimed at raising Indian and foreign currency loans from banks and financial institutions are called credit syndication.
What currency is used on cruise ships?
Three methods are used to make payment on cruise ships: 1.Prepayment 2.Credit Cards 3.Cash: U.S. Currency mostly
What is meant by the payment term cash on delivery?
Cash on Delivery means that when a package arrives to its destination payment in cash currency only. Credit cards and debit machines are not available to use.
