Banking

Objectives

 Deals with banks for loans and negotiate export documents.

 Check the credit and debate of the organization.

 Processing/negotiation of export documents under LC and without LC

documents.

 Manage fund position of company.

 Export rebate.
Banking

Banking

There are two sections of banking. These are as under:

1) Export related.
2) General banking.

Export Related

 This department deals with export documents that is receipt from

shipment and documentation department.

 These are sent to bank for dispatch by bank to customers bank.

 Collection of bank reference and DHL number recording in books.

 Collection / recording of export proceeds, reporting to SBP obtaining of

annexure A and filling of rebate applications and recording of rebate.

 Utilization of export related loans that is:

 Refinance P 1.
 Refinance P 2.
 FCY loan.
 Post shipment.

Post Shipment Loans

 Working of make up of these loans on monthly basis.

 Verification of all type of bank advance related to this section.

General Banking Section:

This section deals with loans that is;

 Running finance Hype.

 Mini market deals.
 Long terms loans.
 Lease of assets.
 Fund management.
Documents:
Banking

There are two types of documents prepared:

I. LC based documents.
II. Without LC based documents.

Without LC based documents:

The following are the documents under this category:

 Credit against documents.

 Document acceptance.
 Document presentation. (30,60,90,120days)

Main documents:
The main documents sent to the bank are as under:

 Covering letter.
 Invoices.
 Commission invoices.
 Bill of exchange.
 Bill of lading.
 Packing list.
 Commercial contract.
 Form “M”.
 Form “E”.
 Annexure “A”.