The basic principle of double entry bookkeeping is that every transaction has a twofold effect. In other words, a value is received and a value is yie...
Business lending is an important part of banking because it provides small to medium sized businesses the opportunity to grow quicker compared to self...
Every bank must make payment for checks （notes） drawn on funds deposited with it. And every bank must collect payment for checks （notes） deposited wit...
Corporations can achieve short term financing through a bills facility, however for long term financing the best method is for them to issue a bond in...
Remittances are part of a bank's international services and are divided into two categories, inward and outward. An inward remittance is where a f...
Payroll services offered by banks have come a long way from when a bank would deliver thousands of RMB by armored van with 2 or more armed security of...
International trade is one of the best areas where a bank can help local companies manage the risks of trading with companies in foreign countries. In...
Bills of exchange, also referred to as bills, are essentially a short term credit instrument that can be used by a company either for financing or inv...
Risk management is an important part of the overall bank management. If mistakes are made here, it can result in substantial losses to the bank. By co...
Passbook of time deposits is a method of deposit where by lump-sum deposit and withdrawal time deposits in multiple currencies and maturities are hand...