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Investment Banking
An investment bank refers to a financial institution which helps corporations, individuals, and governments in securing capital by acting as the agent during the issuance of securities. Unlike other banks, investment banks do not accept deposits.
744 Questions
Describe a recent development in the banking industry. What implications might this development have for the division to which you have applied?
What do you mean by folio charges?
Folio charges or service charges are account maintenance fees. Folio charges are usually charged to customers of a financial institution on an annual basis.
What are the Objectives of wealth management?
The objective of wealth management is to enhance the wealth of the person for whom it is being taken up.
For example, if you opt for wealth management product given by an investment bank, then their object is to maximize your wealth.
Definition of management by 10 authors?
write 10 definitions of management with the name of the authors
I have lost bank passbook letter formet?
To,
The Manager
__________ (Fill in the name of the bank and branch in the blanks)
From,
_____ (Fill in your Name)
______(Fill in your Address & Phone number)
Sir,
Sub: Reg. Lost Passbook for Bank Account ______ (Fill in the Account number)
As my passbook linked to my bank account _____ (fill in your bank account number) has been lost I kindly request you to issue a fresh passbook card so that I can keep track of my banking transactions like before.
Thank you
________ (Fill your name and sign)
How investment banking firm helps in raising funds?
Investment banking is a stream of banking that primarily focuses on capital financing for global and local businesses, individuals, and even governments and other entities. Investment banking firm is best known for its work as a financial mediator. Its role begins with pre-underwriting urges and sustained after the distribution of securities in the form of advice.
Investment Bank from a broader perspective can be perceived as financial bodies acting as intermediaries between a borrower and an investor, who sources capital for the former, from the latter. Investment banking firm doesn’t cater to the general public like traditional commercial banks. Public and private sector companies and HNIs majorly comprise of their customer base. The key function of an investment banking firm is to raise debt and equity funds and facilitate business expansion of their clients.
Is investment banking capitalism?
Investment banking is a form of capitalism yes. They ability to be involved in investment banking is a right dictated by are free market.
What is a boutique investment bank?
A "boutique" investment bank is one that is not full service. A full service investment bank includes retail brokerage, institutional brokerage, trading, underwriting, corporate finance, and money management. A typical boutique specializes in <a href="http://www.pegasusics.com/mergers-and-acquisitions.php">mergers and acquisitions</a> and/or capital raising.
See:
How much does an investment banker earn in Dubai?
This depends in which field of investment banking the lowest is an analyst averages about 25,000 the highest is the Managing Division or Head Division Manager 92,000 but understand if you have a degree and credentials in Islamic banking and the natures of this its not too uncommon to earn more. Associate averages 35,000 while a VP about 50,000 and directors 70,000 but this may vary pending the banks volume of business, and/or both global as well as Islamic bank. The percentage of commercial, corporate and High private wealth holdings vs general consumer holdings will also be key determination in the type of salary one should seek. Expect higher salaries with Islamic banking practices knowledge.
As Islamic banking varies then conventional banking practices - the other areas with the highest salaries under the Islamic banking is commercial, private wealth priority investments and corporate banking. Not to mention Risk management in Islamic banking practices side. In Dubia there is actual two agents of banking going on global and Islamic standards understand both features and know how to interact with each is the edge needed for the highest salaries and it's a very competitive field especially with the largest volumes in wealth dealing with corporate, commercial and high private wealth.
What are the features of investment banking?
Soul loss, crumbling into dust when coming into connect with direct sunlight, craving for fresh human blood, etc etc.
How does a back to back LC work in Bangladesh?
Export Financing:
Financing of export credits is made in two stages:
Pre-shipment stage.
Post-shipment stage
Packing Credit (Pre-shipment financing)
Packing credit is short-term advance granted by a bank to an exporter against valid export L/C contract for the purpose of purchase of materials or finished goods or manufacturing, processing, packing, transporting up to ware house/ port of shipment etc, of exportable for export.
Voucher to be passed:
packing Credit-------Dr.
exporter's A/C--------Cr.
Adjustment:
FBP/FDBC-----------------A/C
Packing credit----------Cr.
Income A/C interest on PC----------Cr.
Back-to-back L/C: (Pre-shipment financing)
Back-to-back L/C means one credit backs another credit. It is new credit in favor of another beneficiary. Sometimes beneficiary/seller of a credit himself is unable to supply goods specified in the L/C and required to purchase from another supplier by opening second credit.
Besides, the normal formalities and requirements (for L/C opening) the following formalities and documents are also required for opening back-to-back L/C:
1) Master L/C
2) Valid bonded were house license
3) Quota allocation for quota items
4) ERC in addition to IRC
5) Indemnity/undertaking
6) No objection from previous banker (if any)
7) Factory inspection certificate
8) BGMEA Membership
Vouchers and accounting treatments are the same normal L/C opening except margin. In this case, no margin is taken by the bank. After lodgment, maturity date of the import bill is intimated to foreign bank as per L/C terms. The documents are delivered to the order of opener duty indorsed for clearance of goods from custom authority. Goods are cleaned through approved clearing and forwarding agent of the bank.
Voucher to be passed:
Banker's liability for L/C------Dr.
Customer's liability for L/C---- Cr.
Reversal of contra Lodgment
Customer's liability on IFBC L/C------Dr
Party's A/C ---------Dr.
Income A/C Bank charges-----Cr. (if any)
Payment of Import Bills:
Payment of Import bills is at maturity from the relative export proceeds repatriated. The required foreign exchange for payment of import bills is kept in a separate account, out of repatriate proceeds of relative export. Party wise and export L/C- wise funds are kept in FBPAR (foreign Bills Awaiting Remittance) account from export proceeds for payment of bills at maturity.
OTHERS:
Loro account:
Loro account means "their account with you ". Account maintained by third party is known as Loro Account. This account may be either in foreign currency or home currency.
Nostro Account:
Nostro Account means "Our account with you:. The account that a home bank maintains with a foreign bank is known as Nostro account. For example, Dhaka Bank's US Dollar account maintained with City Bank NA New York, USA is NOSTRO Account of Dhaka Bank.
Vostro Account:
Vostro Account means "your account with us". The account maintained by a foreign bank is known as vostro account. We can term nostro account when referred to its account holder (foreign bank) by home bank as vostro account. For example, State Bank of India's taka account maintained with Dhaka Bank is a vostro account of Dhaka Bank.
How does a banker contribute to society?
In theory, a banker is supposed to contribute to society by giving purchasing power to competent businessmen and taking it away from incompetent businessmen. Such purchasing power is effected ultimately by consent of market players. A banker can promote or refuse to underwrite new stock issues and also issue loans to businesses that are likely to pay the loan back. Every loan to a lousy business is money competing against you (as an average person) to buy goods and services that will never be put back into the market. Every loan to a good business should ultimately give the average person a 'dividend' in the form of more/better consumer goods at better prices.
In practice, the banking system is so incompetent they continually weaken the dollar through bailouts until bad loans can be paid and the system becomes technically solvent again.
Net NPA = Gross NPA - (Balance in Interest Suspense account + DICGC/ECGC claims received and held pending adjustment + Part payment received and kept in suspense account +Total provisions held).
