Report on Letter of Credit rating

 Report about Letter of Credit Composition

AN INSTANCE STUDY ON LETTER OF CREDIT OF EVEREST LENDER LIMITED.

AN INTERNSHIP REPORT

ACKNOWLEDGEMENT

It has been a really wonderful experience to be an inwendig at Everest bank limited. During the internships, I got a way to meet the best personality of the banking sector and I reached know the real working environment and procedures of the banking market. This survey is based on Issuance of Notification of credit at one of the leading bank of Nepal, Everest Bank Limited. It is prepared as a part of the internship program in partial satisfaction of the course-Bachelor of Business Administration (BBA) 8th term. During the preparation of this statement, many people have helped me possibly directly or indirectly. So this report is usually an result of the useful suggestions and guidance of various peoples and also help of senior's report along with our survey supervisor. In regard to this costly inevitable responsibility of acquire to acknowledge these folks gratefully.

BUSINESS SUMMARY

Everest Bank Limited is one of the industrial banks in Nepal, that has been established in joint venture with Punjab Nationwide bank of India. It is often serving the customer since. Everest bank has added a lot in the development of the country. Being a member of SWIFT, this facilitates toward its highly valued customers. Therefore , Everest lender plays a developing part not only in cities but likewise in countryside areas. This kind of shows that your bank has keen interest in the entire development of the country. It has provided loan to get the farming, cottage, and small scale sector, large industries and many more. In other words, we can declare it has played out a great role in the advancement our region. Everest Lender has performed a great function in the development of the international trade. From your letter of credit purchase of Everest Bank Limited, we can say that it has seriously helped the international trade, which also helps to uplift the nationwide economy. The terms and procedures found in the Notice of credit rating may vary from country to country and in addition from one bank to another lender. It is necessary to comply with specific suggestions so that uniformity can be obtained. So , It truly is advised that banks in Nepal will need to follow the NRB directives and ICC guidelines before starting L/C. The report endeavors to examine and evaluate the economical overview of Everest Bank Ltd. with key references to Letter of Credit. Even more, it endeavors deep evaluation for the role of L/C in total contingent debts. The economic statement of 5 years of your bank has been Prepared and reviewed comparatively when it comes to the study. Specific interview while using management has been taken where ever necessary. The study is disovery as well as synthetic to some extent.

ABBREVATIONS

NRBNepal Rastra Bank

L/CLetter of Credit

ICCInternational Step of Trade

SWIFTSociety intended for Worldwide Interbank Financial Telecommunication UCPDCUniform Traditions and Practice for Documented Credits IFICInternational Finance Expense and Trade

ATMAutomated Teller Machine

SMSShort Messaging Assistance

ABBSAny Department Banking Devices

CHAPTER I actually

INTRODUCTION

1 ) 1 Background of the analyze:

Financial services would be the backbone of the modern overall economy. All divisions of economical activity today are essentially dependent on use of financial services. It is therefore the key sector that underpins global financial growth and plays a serious role inside the development of system for trading goods and services. Thus growth of this kind of sector is usually booming than other sector of the economy.

Same is the circumstance of Nepalese financial service sector. After the adoption of economic liberalization policy by Nepal Government, which was began some twenty years age, Nepalese financial sector has been reaping helpful benefits more than that of other sectors of the overall economy. The growth of the bank and financial institution keeps growing investment of diverse overall economy.

Even though...

References: [1] Cheney, J. Meters. & Moses, E. A., Fundamental of Investment, Western Publishing Organization, New York

[2] Ross, S. A. & Westerfield, L. W., Jordan, B. M., Fundamentals of Corporate Financial, Tata McGraw-Hill New Delhi, 2006

[3] Annual Statement of Everest Bank Limited (2003/04-2009/10: )

[4] http://www. kcmit. edu. np/notice. php? notice=20, last access day September 2011

[5] http://www.ebl. com/about_us/brief_profile. html code, last access date September 2011


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