What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 983543 CrashCourse
24/7 News LIVE from RT's HQ in Moscow #RT #RussiaToday #BreakingNews Check out http://rt.com RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Telegram https://t.me/rtintl Follow us on VK https://vk.com/rt_international Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
Views: 4018706 RT
What is globalization? Is globalization a good thing or not. Well, I have an answer that may not surprise you: It's complicated. This week, Jacob and Adriene will argue that globalization is, in aggregate, good. Free trade and globalization tend to provide an overall benefit, and raises average incomes across the globe. The downside is that it isn't good for every individual in the system. In some countries, manufacturing jobs move to places where labor costs are lower. And some countries that receive the influx of jobs aren't prepared to deal with it, from a regulatory standpoint. Anyway, Jacob and Adriene can explain the whole thing to you in 10 minutes. *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 679409 CrashCourse
The reason why some countries are rich and others poor depends on many things, including the quality of their institutions, the culture they have, the natural resources they find and what latitude they're on. For gifts and more from The School of Life, visit our online shop: https://goo.gl/dXpOl4 Download our App: https://goo.gl/M53roP We have, unusually, had to disable comments because of the number of people writing to tell us that we have forgotten about colonialism. We are very aware of colonialism but didn't, on this occasion, give this factor a central role. FURTHER READING You can read more on CAPITALISM, SELF, RELATIONSHIPS and many other topics on our blog TheBookofLife.org at this link: https://goo.gl/IG0HRZ MORE SCHOOL OF LIFE Our website has classes, articles and products to help you think and grow: https://goo.gl/dKEM4i Watch more films on CAPITALISM in our playlist: http://bit.ly/2dmGWsp Do you speak a different language to English? Did you know you can submit Subtitles on all of our videos on YouTube? For instructions how to do this click here: https://goo.gl/H8FZVQ SOCIAL MEDIA Feel free to follow us at the links below: Download our App: https://goo.gl/M53roP Facebook: https://www.facebook.com/theschooloflifelondon/ Twitter: https://twitter.com/TheSchoolOfLife Instagram: https://www.instagram.com/theschooloflifelondon/ CREDITS Produced in collaboration with: Vale Productions http://www.valeproductions.co.uk Music by Kevin MacLeod http://www.incompetech.com #TheSchoolOfLife
Views: 4785068 The School of Life
Understanding the United States Current Account in 2011 Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/current-capital-account/v/balance-of-payments-capital-account?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/is-lm-model-tutorial/v/government-spending-and-the-is-lm-model?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 357762 Khan Academy
What is DOCUMENTARY COLLECTION? What does DOCUMENTARY COLLECTION mean? DOCUMENTARY COLLECTION meaning - DOCUMENTARY COLLECTION definition - DOCUMENTARY COLLECTION explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A documentary collection is a process, in which the seller instructs his bank to forward documents related to the export of goods to the buyer's bank with a request to present these documents to the buyer for payment, indicating when and on what conditions these documents can be released to the buyer. The buyer may obtain possession of goods and clear them through customs, if the buyer has the shipping documents (original bill of lading, certificate of origin, etc.). The documents, however, are only released to the buyer after payment has been made ("Documents against Payment") or payment undertaking has been given - the buyer has accepted a bill of exchange issued by the seller and payable at a certain date in the future (maturity date) ("Documents against Acceptance"). Documentary Collections facilitate import/export operations. They do not provide the same level of security as Letters of Credit, but, as a result, the costs are lower. Unlike the Letters of Credit, for a Documentary Collection the bank acts as a channel for the documents but does not issue any payment covenants (does not guarantee payment). The bank that has received a documentary collection may debit the buyer's account and make payment only if authorised by the buyer. Possibilities and advantages: Make international trade operations more flexible, Use Documentary Collection in cases when the seller does not want to deliver goods to the buyer on "open account" basis, but due to a long-term stable business relationship between the parties there is no need for security provided by a Letter of Credit or payment guarantee, Documentary collection is suitable to the seller: if the seller has no doubts about the buyer's ability to meet its payment obligations, if the political and economic situation in the buyer's country is stable, if there are no foreign exchange restrictions in the seller's country; Documentary collection is convenient for the buyer because: there is no need for an advance payment; payment for goods can be made when shipping documents have been received, in cases of documents released against acceptance the buyer has the possibility to sell the goods first and afterwards make payment to the seller. Documentary Collection assures the seller that the shipping documents will be released to the buyer only upon payment or acceptance of a Bill of Exchange.
Views: 4434 The Audiopedia
An excerpt from the online FITTskills International Trade Finance training course http://www.fitt.ca/international-trade-finance, listing the main types of risks involved in doing business beyond borders. The International Trade Finance course , is offered by the Forum for International Trade Training (http://www.fitt.ca) - FITT. FITT is the world leader in international trade training and certification for individuals and businesses engaged in global trade. FITT courses are recognized by the World Trade Centers Association, Governments and are delivered internationally (online and classroom) including in Canada, US, Colombia, Iraq, Chile etc. Also stay on top of international trade topics on our blog http://www.tradeready.ca
Views: 5157 FITT - Forum for International Trade Training
ESD Alliance is an agricultural company in the heart of Alberta's cattle-country, specialising in electrical supply for irrigation products. Find out how the company got creative with trade financing, and have reaped the rewards by tripling its sales. HSBC NOW brings you stories from our colleagues around the world. For more videos, and to stay up to date with HSBC NOW, subscribe to the channel. Twitter: http://www.twitter.com/HSBC_NOW
Views: 783 HSBC NOW
Get more Tips here! www.destinationtips.com Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts. Here is a list of the top 10 Biggest Tax Havens in the World. (Ranking is based on a combination of its secrecy score and scale weighting) #10 United Arab Emirates One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement. A large slice of the inbound money comes in the form gold. Secrecy Score: 77% Tax Haven Status: Tiny #9 Bahrain An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries. Secrecy Score: 74% Tax Haven Status: Small #8 Germany Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist Secrecy Score: 56% Tax Haven Status: Huge but Shifty #7 Lebanon Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient. Secrecy Score: 79% Tax Haven Status: Small and Secure #6 Luxembourg The most important private banking and wealth management center in the Eurozone. It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers. Breaking professional secrecy can result in a prison sentence Secrecy Score: 55% Tax Haven Status: Huge #5 The Cayman Islands Banking assets worth $1.4 trillion in June 2014. Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion. It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it. Secrecy Score: 65% Tax Haven Status: Aggressively Protective #4 Singapore A major wealth management center, with $1.4 trillion in assets under management in 2013. In 2014 it become Asia’s largest foreign exchange trading center. It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership. Secrecy Score: 69% Tax Haven Status: Intentionally Blind? #3 USA The U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities. Secrecy Score: 60% Tax Haven Status: Ironic #2 Hong Kong Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets. China’s control over Hong Kong has shielded it from global transparency initiatives. It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS. Secrecy Score: 72% Tax Haven Status: See-No-Evil #1 Switzerland Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934 However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders Secrecy Score: 73% Tax Haven Status: BOSS
Views: 50955 Destination Tips
China sinks its claws into cash-strapped countries, and they won't be letting go any time soon... Do you have questions for Chris? Join us on Patreon for an opportunity to have Chris personally answer your most pressing questions in one of our videos and to get other exclusive rewards. https://www.patreon.com/ChinaUncensored Subscribe for more episodes! https://www.youtube.com/ChinaUncensored Make sure to share with your friends! ______________________________ gwadar economy montenegro loan china news china africa summit business news government politics al jazeera
Views: 1758542 China Uncensored
International trade is the exchange of goods and services between countries. This type of trade gives rise to a world economy, in which prices, or supply and demand, affect and are affected by global events. Here, two Senior Economists from the Central Bank of Sri Lanka discuss on the International Trade in Sri Lankan context.
Views: 262 CBSLvideo
This video shows the total GBP that the UK has exported (by country) from 1996 - 2014. Data has been taken from the UK Overseas Trade Statistics (OTS) for use on tradefinanceglobal.com/finance-products/trade-finance/. International trade in goods data are published by HM Revenue & Customs (HMRC) as the 'Overseas Trade Statistics (OTS) of the UK'. They are based on the United Nation's International Merchandise Trade Statistics Concepts and Definitions, as interpreted in EC statistical legislation, and are published in accordance with the National Statistics Code of Practice for Official Statistics. International trade in goods data detailing trade between the UK and non-EU countries are collected from UK Customs import and export entries made by importing/exporting businesses, predominantly via the Customs Handling of Import and Export Freight (CHIEF) system. OTS are compiled monthly, quarterly and annually from trade declarations made using commodity codes from the UN Tariff (HS Nomenclature) and its EU derivative, the Intrastat Classification Nomenclature (ICN).
Views: 569 Trade Finance Global
Norway is one of the World’s wealthiest countries. Also they have really small inequality between rich and poor and a big welfare state. Part of this wealthy lifestyle can be explained with their enormous oil reserves, located on the Nord Sea. But… this is not the only one. In fact, Norway has managed their natural wealth on a very specific way: state capitalism. This means: Government control a big share of the economy but, then again, it behaves as a business: they care about efficiency and productivity, save money and even… invest it in the stock market! In fact, Norway is not just a wealthy country. It is also one with a big sway on international finance. Why? Because the Norwegian Central Bank invest all the oil profits on the stock market. This is the so called ‘Norway’s sovereign wealth fund’ or the ‘Norwegian pension fund’. This country invest more than 1 TRILLION dollars in companies from all over the world. But how does this system work? In this video, we will tell you how. Other videos at VisualPolitik: Why is GERMANY such an INDUSTRIAL LEADER? https://www.youtube.com/watch?v=CAbcHMOwobg Why is QATAR the RICHEST country in EARTH? https://www.youtube.com/watch?v=CAbcHMOwobg ENDEATHED (Black Metal band from Colombia)’s channel https://www.youtube.com/channel/UCVIb... Endeathed – Death as a Monument: https://www.youtube.com/watch?v=okpMo... Interesting links: https://www.youtube.com/watch?v=b_l3e... https://www.equinor.com/en/magazine/a... https://oilprice.com/Energy/Energy-Ge... Support us on Patreon! www.patreon.com/visualpolitik And don't forget to visit our friend’s podcast, Reconsider Media: http://www.reconsidermedia.com/
Views: 767651 VisualPolitik EN
Citi’s new Electronic Trade Loans offering helps clients simplify the often complex, manual documentation processes associated with traditional Trade Loans. Through a digital, one-stop portal, clients can address virtually all of their Trade Loan needs electronically. View other Citi videos: http://www.youtube.com/citi Read our Blog: http://blog.citigroup.com Like us on Facebook: http://www.facebook.com/citi Follow us on Twitter: http://www.twitter.com/citi Follow us on LinkedIn: http://www.linkedin.com/company/citi Follow us on Instagram: http://www.instagram.com/citi Follow us on Google+: http://www.google.com/+citi
Views: 788 Citi
When it started life as an independent, separate country in 1965, Singapore’s prospects did not look good. Tiny and underdeveloped, it had no natural resources and a population of relatively recent immigrants with little shared history. The country’s first prime minister, the late Lee Kuan Yew is credited with transforming it. He called one volume of his memoirs, “From Third World to First”. Why did Singapore become an economic success? First, its strategic location and natural harbour helped. It is at the mouth of the Malacca Strait, through which perhaps 40% of world maritime trade passes. It was an important trading post in the 14th century, and again from the 19th, when British diplomat Sir Stamford Raffles founded the modern city. Now it is at the heart of one of the world’s most dynamic regions. Under Mr Lee, Singapore made the most of these advantages. Second, under Mr Lee, Singapore welcomed foreign trade and investment. Multinationals found Singapore a natural hub and were encouraged to expand and prosper. Third, the government was kept small, efficient and honest—qualities absent in most of Singapore’s neighbours. It regularly tops surveys for the ease of doing business. But the island city is not ideal. Although clean and orderly, it has harsh judicial punishments, a tame press and illiberal social policies. Homosexual acts, for example, remain illegal. Protest demonstrations are rarely permitted. Mr Lee saw his authoritarian style of government as an essential ingredient in Singapore’s success, emphasizing the island’s vulnerability in a potentially hostile neighbourhood. But younger people now question whether Singapore really is that fragile, and resent the restrictions on their freedom.
Views: 221123 The Economist
FAQ: Direct Provider of Trade Finance- Bronze Wing Trading LLC. Q. Does Bronze Wing Trading have offices in any other country? Ans. No, Bronze Wing Trading is a UAE based company and has office only in Dubai, United Arab Emirates. Q. Does Bronze Wing Trading have any representatives or agents in any other country? Ans. No, Bronze Wing Trading does not have any representatives or agents in any other country. Q. Does Bronze Wing Trading authorize any company or individual as their agents? Ans. No, Bronze Wing Trading does not authorize any company or individual as their agents unless they provide a volume business of USD/EUR 30 M and above. Q. Does Bronze Wing Trading do Joint Venture or Partnership? Ans. No, Bronze Wing Trading does not do Joint Venture or Partnership in any business or project. ================================================ Bronze Wing Trading L.L.C has been providing Trade Finance Services on behalf of importers, exporters & manufacturers from decades. We deal in various products globally like sugar, rice, wheat, edible oil, HMS1&2, metal scrap, cement, bitumen, urea, petroleum products, copper, iron, steel bars & etc. We specialize in facilitating trade finance facilities like; Documentary Letter of Credit (LC) Standby Letter of Credit (SBLC) Bank Guarantee (BG) Performance Guarantee/Bond (PG/PB) Tender Bond Guarantee (TBG) Advance Payment Guarantee (APG) Bank Comfort Letter (BCL) If you have any trade deal pending Now and your BANK has already rejected to finance then we can surely facilitate you to close your trade deal and achieving high return on investment. With us you will get; • Competitive Rates • No Collateral Required • Deal Close in 24 HRS To Get Free Quote please visit our website: http://www.bwtradefinance.com or email us at: [email protected]
Views: 970 Bronze Wing Trading L.L.C.
Learn from experts from First National Bank and Scarbrough International on International Trade Finance. www.scarbrough-intl.com
Views: 37 Scarbrough International
Operation Panama Express is a long-running Organized Crime Drug Enforcement Task Force (OCDETF) comprising participants from the Drug Enforcement Administration, the Federal Bureau of Investigation, Immigration and Customs Enforcement (ICE), the United States Coast Guard and the United States Attorney's Office for the Middle District of Florida. According to a March 2006 Congressional testimony by DEA Chief of Operations Michael Braun, Operation Panama Express has resulted in the seizure of 350 metric tons (392 tons) of cocaine and the arrests of 1,107 individuals. The OCDETF is based in Tampa, Florida and focuses primarily on interrupting cocaine shipments en route from South America, especially Colombia. On September 13, 2008 the U.S. Coast Guard captured a narco submarine about 563 kilometres (350 mi) west of Guatemala; it was carrying seven tons of cocaine. The 59-foot-long, steel and fiberglass craft was detected by a U.S. Navy aircraft as part of Operation Panama Express. The most notable individual arrested as a result of Operation Panama Express is Colombian Cali cartel kingpin Joaquin Mario Valencia-Trujillo. Valencia was arrested on January 31, 2003 in Bogota, Colombia and extradited in 2004 to the United States. The lead witness in Valencia's trial was Jose Castrillon-Henao, a former Cali cartel maritime smuggling chief who became an FBI informant in 1999. Valencia was sentenced to a prison term of 40 years and ordered to forfeit $110 million. http://en.wikipedia.org/wiki/Operation_Panama_Express In 2005, the DEA seized a reported $1.4 billion in drug trade related assets and $477 million worth of drugs. According to the White House's Office of Drug Control Policy, the total value of all of the drugs sold in the U.S. is as much as $64 billion a year, giving the DEA an efficiency rate of less than 1% at intercepting the flow of drugs into and within the U.S. Critics of this theory (including recipient of the Nobel Memorial Prize in Economic Sciences, Milton Friedman, prior to his death a member of Law Enforcement Against Prohibition) point out that demand for illegal drugs is inelastic; the people who are buying drugs will continue to buy them with little regard to price, often turning to crime to support expensive drug habits when the drug prices rise. One recent study showed that the price of cocaine and methamphetamine is the highest it has ever been while the quality of both is at its lowest point ever. This is contrary to a collection of data done by the Office of National Drug Control Policy, which states that purity of street drugs has increased, while price has decreased. In contrast to the statistics presented by the DEA, the United States Department of Justice released data in 2003 showing that purity of methamphetamine was on the rise. The DEA was accused in 2005 by the Venezuelan government of collaborating with drug traffickers, after which President Hugo Chávez decided to end any collaboration with the agency. In 2007, after the U.S. State Department criticized Venezuela in its annual report on drug trafficking, the Venezuelan Minister of Justice reiterated the accusations: "A large quantity of drug shipments left the country through that organization,.....We were in the presence of a new drug cartel." The government of Bolivia has also taken similar steps to ban the DEA from operating in the country. In September 2008, Bolivia and the US drastically reduced diplomatic ties with one another, each withdrawing ambassadors from the other country. This occurred soon after Bolivian president Evo Morales expelled all DEA agents from the country due to a revolt in the traditional coca-growing Chapare Province. The Bolivian government claimed that it could not protect the agents, and Morales further accused the agency of helping incite the violence, which claimed 30 lives. National agencies were to take over control of drug management. Three years later, Bolivia and the US began to restore full diplomatic ties. However, Morales maintained that the DEA would remain unwelcome in the country, characterising it as an affront to Bolivia's "dignity and sovereignty". In the Netherlands, both the Dutch government and the DEA have been criticized for violations of Dutch sovereignty in drug investigations. According to Peter R. de Vries, a Dutch journalist present at the 2005 trial of Henk Orlando Rommy, the DEA has admitted to activities on Dutch soil. Earlier, then Minister of Justice Piet Hein Donner, had denied to the Dutch parliament that he had given permission to the DEA for any such activities, which would have been a requirement by Dutch law in order to allow foreign agents to act within the territory. http://en.wikipedia.org/wiki/Drug_Enforcement_Administration
Views: 12913 The Film Archives
Export-Import Bank of India is the premier export finance institution of the country that seeks to build value by integrating foreign trade and investment with the economic rise of India. Like us on Facebook: www.facebook.com/eximbankindia Follow us on Twitter: @IndiaEximBank
Views: 64157 EXIM Bank India
Methods of Payment in International Trade: In this video, we discussed methods of payment in international trade (Hindi/Urdu) -international payment methods(import-export), mode of payments in Import Export. Subscribe to our channel for more videos. http://www.pakistancustoms.net/2018/01/Methods-of-Payment-in-International-Trade-HINDI-URDU-International-Payment-Methods.html Mode of payments in Exports and Imports: The Major ways of making payment for export of goods are: 1. Advance payment Which is the best method of payment in an export trade? What type of terms of payment can I adopt an Export business? Under any kind of sales, obviously, advance payment is the best option for payment. Ok, now the terms of payments are concerned, you are very happy if you get payment in advance. Right? Yes, the 100% safe business in any business, especially in export business, is nothing but receiving the advance payment. However, in this present competitive world, you do not expect advance payment from the buyer in all cases unless your product attracts some specific reasons to pay you to advance payment by your buyer. 2. Letter of credit.( L.C.) Letter of credit is an assurance given by the buyer’s bank to remit the amount to the seller through seller’s bank on maturity, as per the terms and conditions of the document based on the contractual agreement between buyer and seller. Now in simple words, If LC opened on your name, you will receive amount through the buyer’s bank on the agreed time. There are various types of letters of credits like Revocable, Irrevocable, Confirmed, Unconfirmed, Clean & Documentary, Fixed, Revolving, Transferable, Back to Back etc. Most common and safe LC is Irrevocable Letter of Credit. I will explain in details about all types of LC in other videos. 3. DP basis - Documents against Payments: What is DP term of payment? How does DP term of payment work? DP OR DAP term of payment is one of the terms of payment in international trade. D.A.P or D/P terms of payment means, Documents Against Payment. Once cargo shipped out from supplier’s premises, after completing necessary export legal formalities of exporting country, he hands over goods to the carrier who transport to the final destination of a buyer. After delivery of goods, the exporter is issued Bill of Lading (undersea shipment) or Airway Bill (under air shipment) by Carrier or his agent. Exporter submits all required documents along with Bill of Lading /Airway bill, invoice, packing list, bill of exchange with the bank to send to the buyer through buyer’s bank. The seller’s bank, once after verification sends these shipping documents to the buyer through buyer’s bank. After receipt of such shipping documents by buyer’s bank notifies buyer on receipt of documents and advise to ‘accept’ the documents by effecting payment of export proceeds. Under a DP terms of payment (DAP terms of payment), the buyer collects original shipping documents from his bank after making necessary payment against the sale of goods. 4. D.A terms means Documents against Acceptance Payment terms ‘DA’ means Documents against Acceptance. As per D.A terms, once the shipping documents along with bills of exchange received by the buyer’s bank, the buyer is informed to accept documents from buyer’s bank. The buyer accepts documents by signing bills of exchange sent by the exporter, agreeing to pay the value of goods shipped as per agreed period of time. (say, 30 days from the date of bill of lading, 60 days from the date of bill of lading or 90 days from the date of bill of lading). Importer receives original shipping documents by ‘accepting’ bill of exchange. He completes import customs clearance procedures with the said original shipping documents and approach carrier to deliver cargo to him after completion of such import customs clearance. The payment against the sale of goods is effected upon the maturity day mentioned in the bill of exchange. Documents against Acceptance - Is it safe for the seller? In payment terms, is DA safe for an Exporter? Does importer make payment on maturity of the contracted period? How reliable DA terms in exports? As per my opinion, the legal strength on D.A terms is very weak in international legal terms. Ok, if you have a strong business relationship with your buyer, you can ship goods on ‘credit’ basis. A proper study of the buyer’s creditworthiness is a dare need while shipping under D.A.terms. Related Searches: Methods Of Payment In International Trade Export Payment Terms Terms Of Payment In International Trade Export Payment Methods Payment Methods In Export Import Trade Modes Of Payment In International Trade
Views: 21227 PakistanCustomsDotNet
Welcome to the eighth video in ANZ's Trade Finance Education Series - "Trade Finance in the Spotlight". In this series of videos we will be discussing a range of Trade Finance products and concepts. We will discuss the pros and cons of trade products, how they work and when they should be used. In this episode we will focus on the Role of a Nominated Bank. Stay tuned for upcoming videos featuring more information on Trade Finance products and concepts. Also take a look at the Trade Finance Podcast Series for information on Incoterms 2010. DISCLAIMER: The information on the page and in the videos and podcasts is by way of guidance and education only and does not constitute advice or an offer to finance. Nor does it take into account your personal needs and financial circumstances. It should not be relied upon as authoritative and complete or taken in substitution for the exercise of judgement by any recipient or the recipient consulting its own legal, accountancy, tax and technical advisers before taking any action. ANZ is not liable in any way for any loss or damage, whether direct, indirect, consequential or otherwise howsoever arising out of or in connection with or from any use of the contents of and/or any omissions this page or the videos. Information contained in on this page and in the videos is strictly confidential. It is the property of ANZ. As such, no part of it may be circulated, copied, quoted or otherwise referred to another party without prior written consent of ANZ.
Views: 10791 ANZ Australia
9 Malaysian Banks Team Up for Trade Finance Blockchain Apps Nine Malaysian banks have teamed up to develop blockchain applications for trade finance, according to the country's central bank. In a speech at a banking event on Thursday, Jessica Chew Cheng Lian, deputy governor of Bank Negara Malaysia (BNM), took a positive tone, saying the country is embracing... ► SUBSCRIBE FOR MORE VIDEOS: https://goo.gl/NYaHq2 ► Bitcoin News -Alt Coin news - coin telegraph - coindesk - coin market cap https://goo.gl/45UVFu ★★★ Thanks for watching! Please leave a like if you enjoyed and tell me what you think in the comments! Thanks ★★★
Views: 31 CoinKorea
Formed in 1989 by the G7 countries, the FATF is an intergovernmental body whose purpose is to develop and promote an international response to combat money laundering. The FATF Secretariat is housed at the headquarters of the OECD in Paris. In October 2001, FATF expanded its mission to include combating the financing of terrorism. FATF is a policy-making body that brings together legal, financial, and law enforcement experts to achieve national legislation and regulatory AML and CFT reforms. Currently its membership consists of 34 countries and territories and two regional organizations. In addition, FATF works in collaboration with a number of international bodies and organizations. These entities have observer status with FATF, which does not entitle them to vote, but permits them full participation in plenary sessions and working groups. FATF has developed 40 recommendations on money laundering and 9 special recommendations regarding terrorist financing. FATF assesses each member country against these recommendations in published reports. Countries seen as not being sufficiently compliant with such recommendations are subjected to financial sanctions. In an attempt to prevent dirty money from entering the US financial system in the first place, the United States Congress passed a series of laws, starting in 1970, collectively known as the Bank Secrecy Act. These laws, contained in sections 5311 through 5332 of Title 31 of the United States Code, require financial institutions, which under the current definition include a broad array of entities, including banks, credit card companies, life insurers, money service businesses and broker-dealers in securities, to report certain transactions to the United States Treasury. Cash transactions in excess of US$10,000 must be reported on a currency transaction report (CTR), identifying the individual making the transaction as well as the source of the cash. The US is one of the few countries in the world to require reporting of all cash transactions over a certain limit, although certain businesses can be exempt from the requirement. Additionally, financial institutions must report transaction on a Suspicious Activity Report (SAR) that they deem "suspicious", defined as a knowing or suspecting that the funds come from illegal activity or disguise funds from illegal activity, that it is structured to evade BSA requirements or appears to serve no known business or apparent lawful purpose; or that the institution is being used to facilitate criminal activity. Attempts by customers to circumvent the BSA, generally by structuring cash deposits to amounts lower than US$10,000 by breaking them up and depositing them on different days or at different locations also violates the law. The financial database created by these reports is administered by the U.S.'s Financial Intelligence Unit (FIU), called the Financial Crimes Enforcement Network (FinCEN), which is located in Vienna, Virginia. These reports are made available to US criminal investigators, as well as other FIU's around the globe, and FinCEN conducts computer assisted analyses of these reports to determine trends and refer investigations. The BSA requires financial institutions to engage in customer due diligence, which is sometimes known in the parlance as "know your customer". This includes obtaining satisfactory identification to give assurance that the account is in the customer's true name, and having an understanding of the expected nature and source of the money that flows through the customer's accounts. Other classes of customers, such as those with private banking accounts and those of foreign government officials, are subjected to enhanced due diligence because the law deems that those types of accounts are a higher risk for money laundering. All accounts are subject to ongoing monitoring, in which internal bank software scrutinizes transactions and flags for manual inspection those that fall outside certain parameters. If a manual inspection reveals that the transaction is suspicious, the institution should file a Suspicious Activity Report. The regulators of the industries involved are responsible to ensure that the financial institutions comply with the BSA. For example, the Federal Reserve and the Office of the Comptroller of the Currency regularly inspect banks, and may impose civil fines or refer matters for criminal prosecution for non-compliance. A number of banks have been fined and prosecuted for failure to comply with the BSA. Most famously, Riggs Bank, in Washington D.C., was prosecuted and functionally driven out of business as a result of its failure to apply proper money laundering controls, particularly as it related to foreign political figures. http://en.wikipedia.org/wiki/Money_laundering Image By Pen Waggener (Flickr: Economic Landscape) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Views: 14029 The Film Archives
SUPPORT ME on 👉 (https://www.paypal.me/africanInsider) This past week President Xi Jinping hosted high-level meeting of African leaders and promised no strings attached to more financing. SUBSCRIBE -- https://goo.gl/jYw6so CHINA is Africa's largest trading partner and has already spent tens of billions of dollars in investment and loans - with the promise of much more to come. From roads and railways to ports, the Chinese government is backing large-scale projects across Africa as part of its so-called Belt and Road initiative. The leaders of more than 50 African countries have been in Beijing for a two-day summit. China's President Xi Jinping offered them $60bn in new financing deals. But what are the long-term financial risks? DEBT TRAP So far some countries are beginning to find it hard to repay LOANS that they applied from China.A big chunk of these LOANS is usually stolen by corrupt government officials who take advantage of weaker institutions in most African countries. KENYA Kenya has raised tax on goods to be able to repay some of the loans that have matured. This has led to high rise in cost of living to unbearable levels. Another good example is Djibouti and Ethiopia who are coming to terms with having to repay DEBTS owed to China. LEVERAGE China is using this debts as a leverage to take control of the relevant countries' resources and economy. ............................ Algeria, Angola,Benin,Botswana, Burkina Faso, Burundi, Cabo Verde,Cameroon,Central African Republic (CAR), Chad, Comoros,Democratic Republic of the Congo,Republic of the Congo,Cote d'Ivoire, Djibouti, Egypt,Equatorial Guinea, Eritrea, Eswatini (formerly Swaziland), Ethiopia,Gabon,Gambia,Ghana,Guinea,Guinea-Bissau,Kenya,Lesotho,Liberia,Libya,Madagascar, Malawi, Mali, Mauritania, Mauritius,Morocco,Mozambique,Namibia,Niger,Nigeria, Rwanda, Sao Tome and Principe, Senegal,Seychelles,Sierra Leone,Somalia,South Africa,South Sudan, Sudan,Tanzania,Togo,Tunisia,Uganda,Zambia,Zimbabwe
Views: 85947 African Insider
So, we've been putting off a kind of basic question here. What is money? What is currency? How are the two different. Well, not to give away too much, but money has a few basic functions. It acts as a store of value, a medium of exchange, and as a unit of account. Money isn't just bills and coins. It can be anything that meets these three criteria. In US prisons, apparently, pouches of Mackerel are currency. Yes, mackerel the fish. Paper and coins work as money because they're backed by the government, which is an advantage over mackerel. So, once you've got money, you need finance. We'll talk about borrowing, lending, interest, and stocks and bonds. Also, this episode features a giant zucchini, which Adriene grew in her garden. So that's cool. Special thanks to Dave Hunt for permission to use his PiPhone video. this guy really did make an artisanal smartphone! https://www.youtube.com/watch?v=8eaiNsFhtI8 Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 718737 CrashCourse
In this video I explain the Balance of Payments with the current and capital (financial) account. Keep in mind that when a country has a deficit in one account they must have a surplus in the other account. Thanks for watching. Please subscribe. To learn about misconceptions about the minimum wage, click here https://www.youtube.com/watch?v=4GIdROzO94M To learn more economics, click here https://www.youtube.com/watch?v=HQkVO2PsxFw Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Check out my Review Apps for Macro and Micro https://itunes.apple.com/us/app/ap-macroeconomics-review/id634270093?mt=8 Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 361734 Jacob Clifford
This chapter introduces students to the international economy and to globalization. The first part of the chapter emphasizes the high degree of economic interdependence that characterizes today’s economies. Economic interdependence includes international trade and international finance. The chapter also focuses on the United States as an open economy. Data is provided that shows U.S. exports as a percent of gross domestic product and the value of U.S. trade with its major trading partners. The chapter notes that many U.S. firms source a portion of the production of their goods in foreign countries, and that goods from all over the world are available in our local stores.
Views: 4891 Dr. Bill Schlosser
In which Adriene Hill and Jacob Clifford teach you about specialization and trade, and how countries decide whether they're going to make stuff or trade for stuff. You'll learn about things like comparative advantage, the production possibilities frontier and how to make pizza! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: Sarah M. FROM: Anthony M. "Making our own history awesome! Happy 3 year Anniversary!" TO: Everyone FROM: Someone "The earth is but one country, and mankind its citizens." Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Nathanial R. Castronovo, Eefje Savelkoul, Nupur Maheshwari, Jacob J., Dominik Steenken, Shai Belfer, Stefan Bjerring Henriksen James Kribs, Hugo Jobly, Tim Eramo Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1552192 CrashCourse
Our consultants help to mitigate event risks, country risks, and the risk of fraud, through the analysis and advisory work we provide. In addition to reviewing and monitoring your current portfolio, we also advise on new manager selection and deal sourcing. https://www.loffcofinance.com/
Views: 65 LOFFCO Risk Management
Growth of International trade and to be specific the growth of export is one of the crucial factor for any country’s economy. There is a saying “Export or Perish”. GDP of the country consists contribution of internal sector plus contribution of external sector. To give competitive edge to our exporters, government and regulators have instructed commercial banks to extend export finance liberally and at affordable rate of interest. Export finance is short term direct, fund based working capital finance given by commercial banks on the basis of confirmed export order or LC for manufacturing, procurement, processing & preserving goods for export purpose For More Information please visit: https://www.care-trainings.com/courses
Views: 146 CARE Training
Anti--money laundering (AML) is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent, detect, and report money laundering activities. Anti--money laundering guidelines came into prominence globally as a result of the formation of the Financial Action Task Force (FATF) and the promulgation of an international framework of anti--money laundering standards. These standards began to have more relevance in 2000 and 2001, after FATF began a process to publicly identify countries that were deficient in their anti--money laundering laws and international cooperation, a process colloquially known as "name and shame". An effective AML program requires a jurisdiction to have criminalized money laundering, given the relevant regulators and police the powers and tools to investigate; be able to share information with other countries as appropriate; and require financial institutions to identify their customers, establish risk-based controls, keep records, and report suspicious activities. The elements of the crime of money laundering are set forth in the United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances and Convention against Transnational Organized Crime. It is defined as knowingly engaging in a financial transaction with the proceeds of a crime for the purpose of concealing or disguising the illicit origin of the property from governments. Today, most financial institutions globally, and many non-financial institutions, are required to identify and report transactions of a suspicious nature to the financial intelligence unit in the respective country. For example, a bank must verify a customer's identity and, if necessary, monitor transactions for suspicious activity. This is often termed as 'know your customer. This means knowing the identity of the customer and understanding the kinds of transactions in which the customer is likely to engage. By knowing one's customers, financial institutions can often identify unusual or suspicious behavior, termed anomalies, which may be an indication of money laundering. Bank employees, such as tellers and customer account representatives, are trained in anti--money laundering and are instructed to report activities that they deem suspicious. Additionally, anti-money laundering software filters customer data, classifies it according to level of suspicion, and inspects it for anomalies. Such anomalies include any sudden and substantial increase in funds, a large withdrawal, or moving money to a bank secrecy jurisdiction. Smaller transactions that meet certain criteria may also be flagged as suspicious. For example, structuring can lead to flagged transactions. The software also flags names on government "blacklists" and transactions that involve countries hostile to the host nation. Once the software has mined data and flagged suspect transactions, it alerts bank management, who must then determine whether to file a report with the government. The financial services industry has become more vocal about the rising costs of anti--money laundering regulation and the limited benefits that they claim it brings. One commentator wrote that "[w]ithout facts, [anti-money laundering] legislation has been driven on rhetoric, driving by ill-guided activism responding to the need to be "seen to be doing something" rather than by an objective understanding of its effects on predicate crime. The social panic approach is justified by the language used—we talk of the battle against terrorism or the war on drugs". The Economist magazine has become increasingly vocal in its criticism of such regulation, particularly with reference to countering terrorist financing, referring to it as a "costly failure", although it concedes that other efforts (like reducing identity and credit card fraud) may still be effective at combating money laundering. http://en.wikipedia.org/wiki/Money_laundering Image By Gabriel S. Delgado C. from Puerto Ordaz, Venezuela (Avaricia III: It's raining money Uploaded by Fæ) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons
Views: 2021 The Film Archives
Export-Import Bank of India is the premier export finance institution of the country that seeks to build value by integrating foreign trade and investment with the economic rise of India. Facebook: www.facebook.com/eximbankindia Twitter: @IndiaEximBank LinkedIn:
Views: 528 EXIM Bank India
From the railroad and steel consolidations brokered by John Pierpont Morgan on Wall Street more than a century ago, to banking consolidation, the financial crisis and Jamie Dimon's leadership, J.P. Morgan Chase has been at the center of finance for more than a century. Here's the story of how the country's largest bank got to where it is today. Biographer of J.P. Morgan Jean Strouse, longtime bank analyst Mike Mayo and CNBC banking reporter Hugh Son help tell the story. You’ll learn about how Aaron Burr and Alexander Hamilton are part of the bank’s history, along with the first ATM, and the company’s position moving forward into the future of digital banking. Watch the video above to see how the country’s largest bank got to where it is today. ***Clarification*** Since 2004, investors in JPM stock have outperformed the bank stock index by an average of 6% return every year. That's more than 6x the return of the index yearly (13:52) In February, J.P. Morgan Chase announced it was in growth mode, expanding its branch network to cover 93 percent of the U.S. population by the end of 2022. The aggressive growth plans will allow it to reach 80 million more consumers, or about one-quarter of the U.S. population, versus its footprint in 2018, the New York-based bank says. The expansion of physical branches comes amid a consumer shift to mobile and online banking. The average number of teller transactions per customer has plunged 41 percent since 2014, according to J.P. Morgan's presentation at its investor day meeting. But convenient branch locations are a key consideration for people thinking about switching banks, and most of the firm's growth in deposits has been fueled by people who use branches frequently, the bank said. The company made it clear it had flexibility in its growth plans: More than 75 percent of its branches could be shuttered within five years or kept open for more than a decade. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC How JP Morgan Chase Became The Largest Bank In The US
Views: 352894 CNBC
Get Easier, Faster Financing For Your Business ►Your free guide here: http://get.crediteureka.com/freeguide/ ►Just need pricing? https://www.crediteureka.com/trade-credit-pricing Want to use your export sales to get new bank financing? Business Credit Insurance is the easiest and most cost-effective way to use international receivables to borrow. Without it, most banks completely ignore international sales. With it, banks will be competing to offer you favorable financing. ►Get your free guide on how to leverage export sales to increase your line of credit: http://get.crediteureka.com/freeguide/
Views: 3631 Credit Eureka
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history (see Silk Road, Amber Road, Salt road), its economic, social, and political importance has been on the rise in recent centuries. It is the presupposition of international trade that a sufficient level of geopolitical peace and stability are prevailing in order to allow for the peaceful exchange of trade and commerce to take place between nations. Trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found on the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies and water. Services are also traded: tourism, banking, consulting and transportation. A product that is sold to the global market is an export, and a product that is bought from the global market is an import. Imports and exports are accounted for in a country's current account in the balance of payments. Industrialization, advanced technology, including transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. Without international trade, nations would be limited to the goods and services produced within their own borders. International trade is, in principle, not different from domestic trade as the motivation and the behavior of parties involved in a trade do not change fundamentally regardless of whether trade is across a border or not. The main difference is that international trade is typically more costly than domestic trade. The reason is that a border typically imposes additional costs such as tariffs, time costs due to border delays and costs associated with country differences such as language, the legal system or culture. Another difference between domestic and international trade is that factors of production such as capital and labor are typically more mobile within a country than across countries. Thus international trade is mostly restricted to trade in goods and services, and only to a lesser extent to trade in capital, labor or other factors of production. Trade in goods and services can serve as a substitute for trade in factors of production. Instead of importing a factor of production, a country can import goods that make intensive use of that factor of production and thus embody it. An example is the import of labor-intensive goods by the United States from China. Instead of importing Chinese labor, the United States imports goods that were produced with Chinese labor. One report in 2010 suggested that international trade was increased when a country hosted a network of immigrants, but the trade effect was weakened when the immigrants became assimilated into their new country. International trade is also a branch of economics, which, together with international finance, forms the larger branch called international economics. Trading is a value-added function: it is the economic process by which a product finds its market, in which specific risks are to be borne by the trader. http://en.wikipedia.org/wiki/International_trade
Views: 119 Way Back
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 250637 The Dave Ramsey Show
Swift Code or BIC Code is explained in hindi. Swift code is required for international money transfer. IFSC code and MICR code are required to transfer money within India. In this video, we will understand what is Swift Code and how it works? What can you do if Swift Code of your Bank is not available? You can check Swift codes of all popular banks online - SBI, ICICI Bank, HDFC Bank, Kotak Mahindra Bank etc. Related Videos: IFSC Code & MICR Code: https://youtu.be/vq_Y3Smlhd4 IMPS, NEFT & RTGS Transfer: https://youtu.be/0F7pYIGdr5U इस वीडियो में स्विफ्ट कोड या बीआईसी कोड को हिंदी में समझाया गया है। इंटरनेशनल मनी ट्रांसफर के लिए स्विफ्ट कोड की ज़रुरत होती है। भारत के अंदर ही पैसे ट्रांसफर करने के लिए आईएफएससी कोड और एमआईसीआर कोड की ज़रूरी होता है। इस वीडियो में, हम समझेंगे कि स्विफ्ट कोड क्या है और यह कैसे काम करता है। और यदि आपके बैंक का स्विफ्ट कोड उपलब्ध नहीं है तो आप क्या कर सकते हैं। आप ऑनलाइन एसबीआई, आईसीआईसीआई बैंक, एचडीएफसी बैंक, कोटक महिंद्रा बैंक इत्यादि सभी पॉपुलर बैंकों के स्विफ्ट कोड देख सकते हैं। Share this Video: https://youtu.be/ZZojTBiD7No Subscribe To Our Channel and Get More Property, Real Estate and Finance Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is swift code? How to get swift code or BIC code? What to do if your bank doesn't have a swift code? What is the full form of swift code? What is a bank identifier code? The SWIFT code is used for sending money to overseas banks. A Society for Worldwide Interbank Financial Telecommunication code is an eleven-digit code, in which the first 4 digits denotes bank then next two digits denotes country and next two digits are for location code, last 3 digits are branch code. The swift code is also known as Bank Identifier Code or BIC. Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Facebook – https://www.facebook.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Twitter - http://twitter.com/assetyogi Pinterest - http://pinterest.com/assetyogi/ Instagram - http://instagram.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Hope you liked this video in Hindi on “Swift Code (BIC Code)”.
Views: 20778 Asset Yogi
Pakistan Might Not Get $3.2 Billion UAE Delayed Oil Payment Facility The government has failed to secure a $3.2 billion oil credit facility from the United Arab Emirates (UAE), confirmed a media report. This development has been announced by Finance Minister Asad Umar, according to the media outlet. “Most probably, the UAE oil facility agreement will not materialize,” said Umar while adding that the government has made other arrangements to cope with the external financing needs for the current fiscal year. While the reason for UAE’s cancellation of the oil facility could not be determined, the scenario does not bode well for the country’s foreign currency reserves. It is worth mentioning here that the UAE had earlier postponed a scheduled meeting of the Joint Ministerial Commission. In December, the UAE had announced a $6.2 billion package for Pakistan to help it deal with financing gap. The $3.2 billion oil facility was part of this package. The Emirates has already sent $2 billion in cash to Pakistan while another $1 billion was expected soon. The oil facility was solicited when the UAE crown prince visited Pakistan. Later, it was sought in February but could not materialize both times. According to the Finance Minister’s reply submitted in the Senate, Pakistan has attained UAE’s cash support for two years at an interest rate of 3 percent while the cash assistance from Saudi Arabia is secured at 3.2 percent interest rate. Foreign Ministry’s spokesperson and advisor, Dr. Khaqan Najeeb, has told that the International Islamic Trade Finance Corporation (ITFC) deferred facility has been operationalized and is expected to offset the impact of a delay or cancellation of the UAE facility. He further said that the $3.2 billion Saudi oil deferred facility is also being operationalized with all relevant agreements in effect.
Views: 10226 U TV
What is debt? What is a deficit? And do these things have different outcomes for individuals and nations? Adriene and Jacob answer all these questions and more on this week's Crash Course Econ. Deficit and debt are easy to misunderstand, but luckily, they're also pretty easy to understand. This week we'll explain what deficit and debt are, and talk about what the sources of deficit and debt are for the US Government. Also, we'll take a very special trip to Cliffordonia to try and understand these concepts and get a look at what a colonial-era space program might have looked like. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 649972 CrashCourse
Antonio Alves, Senior regional head, Trade Finance, IFC- World Bank Group (Latin America & Caribbean) interview - Felaban 2010
Views: 100 The Banker
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Views: 243 NUR FARISHA
Speaker(s): Pedro Carriço, Jon Coleman, Dr Hans-Joachim Henckel, Peter Luketa, Geetha Muralidhar, Professor Danny Quah, Lars H Thunell Chair: Andreas Klasen Recorded on 29 May 2012 in Sheikh Zayed Theatre, New Academic Building. mp3 audio podcast available here - http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=1505 A look at the role of export credit agencies and financial institutions in promoting global trade and the challenges they face during Europe's sovereign debt crisis. Pedro Carriço is Head of International Relations and Country Risk Department at Seguradora Brasileira de Crédito à Exportação. Jon Coleman is Chairman of the British Exporters Association. Hans-Joachim Henckel is head of division at the German Federal Ministry of Economics and Technology. Peter Luketa is global head of export finance at HSBC Bank plc. Geetha Muralidhar is executive director of Export Credit Guarantees Corporation of India LTD. Danny Quah is professor of economics at LSE. Lars H Thunell is executive vice president and CEO of International Finance Corporation.
https://www.patreon.com/user?u=4553739 you can donate through this site paypal email account [email protected] Martin Brodel 36248 HWY 133 Hotchkiss, Colorado 81419 martinbrodel1776.com http://www.zerohedge.com/ http://www.breitbart.com/ https://www.aol.com/ http://www.thegatewaypundit.com/ http://dailycaller.com/ Bear's True Blue Blownheadgaskett.com ph# 1-615-332-4570 type in Brodel for promo code and get 10% off https://www.youtube.com/watch?v=f4cczQOLIhs&feature=youtu.be https://zx42solutions.com/ https://www.real.video/channel/martinbrodel
Views: 714 Martin Brodel