Tag: product

Trading Monte Carlo Simulation

KYC and due diligence practice need to be performed by the AD Category-I banks to your Indian importer entity as well as the manufacturer firm too. KYC and due diligence practice ought to be carried out by the A.D. Category – I monies according to the guidelines. A.D. Category – I monies can frame their guidelines to take care of these kinds of cases according to an appropriate policy owned by the Board of Managers of the bank. In instances where the importer (besides the Public Sector Company or some Department/Undertaking of the Authorities of India/State Government/s) is not able to acquire bank assurance from overseas providers along with the A.D. Category – that I bank filled trading cdf concerning the monitor listing, and bonafide of the importer, the necessity of this bank assurance / Standby Letter of Credit might not be relied upon to get progress remittances around USD 5,000,000 (U.S. Dollar 5 thousand). read more