Mar 20 2019

RBI Trade Credit Circular Highlights

Recently RBI issued Notification No. FEMA.3(R)/2018-RB dated December 17, 2018 and made changes to the Trade Credit (Supplier’s Credit/Buyer’s Credit) framework. The circular covered borrowing & lending in foreign currency (including Trade Credit which is a type of borrowing in foreign currency). The changes effected were covered in Schedule II of the said circular. Subsequently,

Mar 11 2019

What are Forex Services and how does it works?

Forex Services The foreign exchange market is an over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes buying, selling and exchanging currencies at current or predetermined prices. The foreign exchange market is the largest in the world. The principal participants in this market are the big international

Feb 20 2019

TRADE FINANCE SERVICES

Trade finance is facilitating financial needs in international trades. It involves an exporter who requires immediate payment and an importer who looks for credit. It also reduces risks like currency fluctuations, non-payment issues, and creditworthiness in the international trade transaction. During the early days, exporters have never been able to make sure whether importers pay

Feb 04 2019

Advantages Of Forward Contract

In the currency markets, forward contracts are transacted over the counter like through the bank. There are two participants in a forward contract, these are hedgers and speculators. Hedgers don’t typically look for a profit however rather look to stabilize the revenues or costs of their business operations. Their gains or losses are normally offset

Jan 31 2019

Custom Exchange Rates

Exchange Rate is a price of domestic currency in the terms of foreign currency. In exchange rates there are two components in the exchange rates one is domestic currency and other is foreign currency. Exchange rates are quoted in direct or indirect. When a one unit value of foreign currency is quoted in domestic currency