| Subject | Date Asked |
|
| trade finance | 5/14/2009 |
Q: recently bank in Italy and belguim has issued a Letter of Credit containing clause under Feild 47 A ...
A: Without reviewing the L/C I can't give a clear cut answer However I'll try to give a general answer. ...
|
| receiving a payment from France | 3/10/2009 |
Q: I was recently in France in February for a week of business. My first trip to Europe. I was paid ...
A: It can be very frustrating. typically a transfer between banks internationally takes 3 to 5 days. ...
|
| nostro and vostro accounts | 10/29/2008 |
Q: i would like to know if there are there any drawbacks regarding the nostro and vostro accounts? is ...
A: First let's define what correspondent banking is... It is an arrangement under which one bank ...
|
| Certified Check Scams | 9/9/2008 |
Q: I am looking for information as to why so many scams are out there wanting you to cash a certified ...
A: i would ALWAYS consider it a scam. The reason is simple, as someone once said "There's a sucker born ...
|
| How to chose between Mexican Pesos or US Dollar | 8/12/2008 |
Q: Good Morning, I'm starting a little investiment selling industrial inks from France to Mexico. I ...
A: As you're asking my opinion, I think you should receive Euros as that's what most of your product ...
|
| X-rate 2006 | 7/10/2008 |
Q: I have tried to find this information but i can't seem to find it anywhere and was wondering if you ...
A: that's not a problem. Here you go Wednesday, March 15, 2006 1 Hong Kong Dollar = 0.20945 Singapore ...
|
| Re: L/C | 4/10/2008 |
Q: We are an exporter of Finished Leather from India. We had sent a consignment to SPAIN on L/C 90 days ...
A: I'd have to know much more about the actual L/C terms and i would only do that by reading the L/C ...
|
| Understanding Letter of Credit | 10/12/2007 |
Q: could you please help with the following scenario: National Bank of Australia has paid Canterella ...
A: I won't get into the legality of your contract and it's best you speak to a lawyer about that as a ...
|
| Understanding Letter of Credit | 10/8/2007 |
Q: could you please help with the following scenario: National Bank of Australia has paid Canterella ...
A: It depends on the terms of the L/C and who's the bank responsible for payment. Without seeing the ...
|
| Pension Funds & Retiring to Europe | 9/29/2007 |
Q: Greetings, I hope you can assist me in this matter, I have been searching for help however no one ...
A: You could try opening an account at an international U.S. Bank such as Citibank (Citicorp). I have ...
|
| working of nostro and vostro accounts | 9/9/2007 |
Q: i would like to know how does nostro and vostro account work. if i am a forex trading firm how could ...
A: An arrangement under which one bank (correspondent) holds deposits owned by other banks ...
|
| Loan transfer | 12/8/2006 |
Q: Am running a business in Bangalore, India. I had put an advt in Internet to raise some loan for ...
A: You know the old saying "If it looks too good to be true, it probably is". I'd say nobody but to ...
|
| Payment terms of business | 10/31/2006 |
Q: Richard Thank you for your reply. From your answer it seems like I just have to go along with what ...
A: It depends on a few questions. Ask yourself... what is the product? Is it readily available ...
|
| Payment terms of business | 10/31/2006 |
Q: Richard I am currently negotiating the terms of business with a Chinese manufacturer. They are ...
A: You are correct that there many ways to facilitate trade finance payments. But since the supplier ...
|
| foreign companies | 10/26/2006 |
Q: I work for a retail and wholesale distributor specializing in natural stone products. I have noticed ...
A: Basically it means Ltd. & Corp. or variations of the two. For SA, it depends where the company is ...
|
| Transfering funds from SA bank account to UK | 9/20/2006 |
Q: I have funds in an SA Standard Bank account that I want to transfer to a UK bank account. What is ...
A: That depends how much you want to transfer and the circumstances. A small amount may not be worth ...
|
| tlc | 8/19/2006 |
Q: barr i have a buyer who is ready to issue a tlc for urea and i plan to tranfer it to a seller i ...
A: What you're speaking of is called a "Transferable Documentary Credit" (transferable L/C) and can be ...
|
| Money transfer - foreign currency checks | 7/19/2006 |
Q: I explored Western Union too. The catch is that it is for person-to-person money transfer. Whereas I ...
A: "SWIFT" (Society for Worldwide Interbank Financial Telecommunication) runs a worldwide network for ...
|
| Money transfer - foreign currency checks | 7/18/2006 |
Q: I am a freelancer doing transcription job for a client in USA. I am based in India. My client says ...
A: If it's a small amount, it may be wise to use Western Union. The website highlighting India is at ...
|
| Hello, my name is Scott.
I... | 3/28/2006 |
Q: my name is Scott. I am a very literary and foreign language-based person but would love to ...
A: I almost failed obtaining mt Business degree due to my poor calculus. Only by the grace of G-D (and ...
|
| International business | 2/22/2006 |
Q: I am a student at the Bowling Green State University , my major is International Business. I have a ...
A: Answering your questions in order... 1. Exactly what your job entail? A lot!!!! But to give you a ...
|
| italian banks | 6/30/2005 |
Q: ------Hi Richard, The document actually says: Debito Pvbblico, Dello Statto Italiano, Prestito ...
A: I think you should start at the source, which is the nation of Italy. I suggest you start at the ...
|
| italian banks | 6/20/2005 |
Q: I have found an Italian document from the State Bank of Italy. It seems to be a public debt of ...
A: It may be long lost money but more likely a wonderful collectable. Certainly NOT trash. ...
|
| foreign companies | 11/24/2004 |
Q: I don't know if you can answer this or not, but here goes. Is there a way to investigate foreign ...
A: This isn't my area of expertise but I can suggest you let your fingers do the walking by using the ...
|
| Opening L/Cs in Portugal | 9/10/2004 |
Q: Barr, We are an import-export firm and are currently negotiating a transaction with a portuguese ...
A: I'm no expert on Portugese law but this sounds highly suspect to me. It seems as if your potential ...
|
| i have 2.5 million and want... | 7/25/2004 |
Q: i have 2.5 million and want to ask your opinion on what i should do to invest the money.
A: Robert, That question can't be answered without much more detail. As a sample.... How much risk are ...
|
| L/C vs. escrow.com | 6/19/2004 |
Q: Can you advise on the difference between the 2? An l/c is for a relatively large transaction. I'm ...
A: A L/C is a bank instrument that guarentees payment to the seller if the l/c terms are adhered to. ...
|
| South Africa dilemma | 4/4/2004 |
Q: We would greatly appreciate your advice on the following: We are a small family business registered ...
A: Shona, If the company expenses are being paid for out of your manager's account, he must be running ...
|
| financial | 12/15/2003 |
Q: i have about 600,000 to invest and i have not been able to find the investment im looking for. how ...
A: Invest in my field? Would that be Banking, High-tech, Trade Finance, Venture capital or consulting? ...
|
| American Certified Cheque | 9/24/2003 |
Q: How are you? My name is Riky and I am the Marketing Manager of a trading company based in Hong Kong. ...
A: Firstly, American banking is different from most banking around the world. Without giving you a ...
|
| General Info | 5/17/2002 |
Q: I am a high school sophomore doing a career search. I am very interested in international business, ...
A: I had written you a long reply but allexperts decided to eat it. So let's try it again. ...
|
