Академический Документы
Профессиональный Документы
Культура Документы
on
Letter of Credit at
Grand Bank Nepal
Limited
Prepared by:
Sandeep Tuladhar
MBAe Spring 2012
Roll No. 12220109
INTRODUCTION
Internship Details
Company:
Objective of Internship
To understand the overall functioning of the bank in the International trade/
LC department.
International Trade / LC
Department
GrandBank Nepal Limited has been facilitating Trade Financing
Letter Of Credit
A letter of credit is a document issued assuring payment to a
seller of goods or services provided certain documents have
been presented to the bank.
Activities Performed In LC
Department
LC issuance
LC amendment
NRB reporting
Scrutinizing documents
Follow ups
Document releasing
Document settlement
Trust receipt loan
DAP Settlement
TR Settlements
Conclusion
Better understanding of Letter of credit and international
trade.
THANK YOU