DHAKA BANK LTD CPC TRADE

Company Introduction: DHAKA BANK LTD CPC TRADE

Nature of Business:

DHAKA BANK LTD CPC TRADE is a division or service offering of DHAKA BANK LTD, which is a commercial bank based in Bangladesh.

It is neither a factory nor a direct trading company.

Explanation:

DHAKA BANK LTD is a financial institution that provides a wide range of banking and financial services. The "CPC TRADE" designation likely refers to a specialized department or service within the bank, such as Corporate, Payment, or Commercial Trade services. This department would be responsible for offering trade finance solutions, letters of credit, guarantees, and other banking products that facilitate international and domestic trade for its corporate clients. While it supports and enables trade, it does not physically manufacture goods (like a factory) nor does it directly buy and sell goods itself (like a trading company). Its role is to provide financial infrastructure and services for businesses engaged in trade.

DHAKA BANK LTD CPC TRADE, as a division of a bank, does not manufacture physical products. Instead, it provides a range of financial products and services to facilitate domestic and international trade for its clients. The products and services typically offered include:

Import Services:

Issuance of Import Letters of Credit (LCs)

Processing of Import Documentary Collections (DP - Documents Against Payment, DA - Documents Against Acceptance)

Import Finance facilities such as Loan Against Imported Merchandise (LIM) and Loan Against Trust Receipt (LTR)

Issuance of Shipping Guarantees

Export Services:

Advising and Confirmation of Export Letters of Credit

Processing of Export Documentary Collections

Pre-shipment Finance (Packing Credit)

Post-shipment Finance (Export Bills Purchase or Negotiation)

Issuance of Export Guarantees

Guarantees:

Performance Guarantees

Bid Bonds

Advance Payment Guarantees

Customs Guarantees

Counter Guarantees

Foreign Exchange Services:

Foreign Currency Exchange related to trade transactions

Forward Contracts for hedging foreign exchange risks

Other Trade Finance Facilities:

Trade Loans

Supply Chain Finance solutions

Local Letters of Credit and Guarantees for domestic trade transactions