Commercial Credit Departments
Commercial Credit Departments Import Commercial Credit Department In A Bank Doing A Large Foreign Business Under Commercial Credits The Business Of Issuing The Credits And Handling The Trans Actions Under Them Divides Itself Naturally Into The Two Divisions Of Imports And Exports. The Departments Handling These Divi Sions Are Commonly ...
Commercial Letters Of Credit
Commercial Letters Of Credit Nature Of Commercial Letters Of Credit In Commercial Language, A Commercial Letter Of Credit Entitles The Taker, Or A Third Party, To " Commercial Credit," " Banker's Credit," Or "acceptance Credit," As It Is Variously Called, At The Issuing Bank Or Its Correspondent. A Commercial Letter ...
Foreign Collections
Foreign Collections Classification Of Foreign Collections The Collections Handled By The Foreign Division Divide Them Selves Into Two Distinct Classes—those Payable Inside The United States And Those Payable Abroad. As The Methods Of Handling Them Differ Greatly It Is The Common Practice To Allot Them To Different Departments. The Names ...
Foreign Division Administration Of
Administration Of The , Foreign Division Characteristics Of Foreign Commerce Foreign Commerce Embraces The Mercantile And Financial Transactions Between The Citizens Of Different Countries As Well As Some Direct Transactions Between Their Governments. Though Foreign Commerce Closely Resembles Domestic Commerce In Most Respects, There Are Important Differences. With The Exception ...
Miscellaneous Departments
Miscellaneous Departments Minor Departments In This Chapter Will Be Briefly Discussed The Operations Of Vari Ous Minor Departments Of The Foreign Division. It Is Not Meant To Imply That These Departments, Or Any Of Them, Are Not Important Or That Their Work Is Not Essential To The Conduct Of The ...
The Elements Of Foreign
The Elements Of Foreign Exchange Foreign Trade Balance Foreign Trade Like Domestic Trade Is, In The Long Run, Barter— The Exchange Of Goods Against Goods. If More Merchandise Is Sent By The People Of The United States To The People Of France Than Is Imported From France, The Balance Of ...
The Foreign Bookkeepers Department
The Foreign Bookkeeper's Department General Duties Of The Department Upon This Department Converge The Debit And Credit Tickets, Letters And Cables And Advices, And All Items Affecting The Foreign Accounts Of The Bank, Including Its Accounts With Foreign Corre Spondents And The Accounts Of Foreign Banks And Individuals -with It, ...
The Foreign Discount Department
The Foreign Discount Department Functions And Organization Of The Foreign Discount Department The Work Of The Foreign Discount Department Is Somewhat Analogous To That Of The Discount Department Of The Domestic Division. It Purchases Or Discounts Foreign Exchange Items. These Include Documentary And Clean Bills Of Exchange, Checks, And Other ...
The Foreign Tellers Department
The Foreign Tellers' Department General Functions And Organization The More Important Duties Of The Foreign Tellers' Depart Ment Are As Follows: R. To Receive Deposits For Foreign Account. 2. To Receive Payments To Cover "sold" Contracts. 3. To Sell Drafts On The Bank's Foreign Correspondents. 4. To Sell Cable Transfers. ...
The Traders Department
The Traders' Department Functions Of The Traders—organization Of The Department The Traders Buy And Sell Exchange Of All Kinds For Profit. They Are The Great Money-makers Of The Foreign Division Of The Bank. Whereas The Other Departments Serve Clients For Com Missions Or Fees—that Is, Make Collections, Handle Securities, Issue ...