You made it seem so easy. I am glad i found you on youtube. Thankyou for teaching it so simply and efficiently.
@AnkushJainАй бұрын
Thank you
@anishjadhav47013 жыл бұрын
This is the best understanding I have got. Thank you sir. Hope more people find this. This is gold
@AnkushJain3 жыл бұрын
Thank you Anish.
@prakashsharki17 Жыл бұрын
Wow sir can't describe most knowledgeable videos very needful for new joining in the bank as well as clients who take working capital facilities.
@AnkushJain Жыл бұрын
Thank you
@VIVAAN-XD3 жыл бұрын
Love your way of explanation. Thanks sir, keep it up.
@AnkushJain3 жыл бұрын
Thank you Amit.
@yjgratitude511 ай бұрын
Best Lecture for understanding Letter of Credit topic
@AnkushJain11 ай бұрын
Thank you
@rahulmakwana36908 ай бұрын
Ok sorry sir abhi vo video dekhna baki he
@AnkushJain8 ай бұрын
Ok
@positiveinvestor2 жыл бұрын
Your lectures are amazing👍😍... Sir Thank you so much for sharing knowledge... 🙏🙏
@AnkushJain2 жыл бұрын
Thank you
@nishantsalve6517 Жыл бұрын
Thank You sir now I got Clear information of lc.
@AnkushJain Жыл бұрын
Your welcome 👍
@yogeshsaluja488 Жыл бұрын
Dear sir you upload amazing content and that too so deeply for every topic it's amazing. Requesting you to please upload videos on ECB, ODI & FDI too.
@AnkushJain Жыл бұрын
Thank you
@HadotiClassesKota2 жыл бұрын
Really superb lecture sir👏👏👏 Thank you!
@AnkushJain2 жыл бұрын
👍
@ShaistaSam2 жыл бұрын
Very very good effort and easy understandable language.
@AnkushJain2 жыл бұрын
Thank you 👍
@ShaistaSam2 жыл бұрын
Sir...carry on. May Allah bless u with huge heights of success ❤️
@AnkushJain2 жыл бұрын
Thank you, wish the same for you as well 👍
@MDVaashir2 жыл бұрын
Extremely Thankyou to you for this video.
@AnkushJain2 жыл бұрын
👍
@rollingroles8 ай бұрын
excellent work, kindly tell what is the app or program in which u are doing these drawings and text writings..
@AnkushJain8 ай бұрын
Thank you. One note app
@surbhisharma7237 Жыл бұрын
Superb content sir
@AnkushJain Жыл бұрын
Thank you
@mohitvaidya46913 жыл бұрын
Nice Explanation sir 👏😌
@AnkushJain3 жыл бұрын
Thank you
@OmparkashRai-wv2zd Жыл бұрын
SIR I HAVE SOME QUESTIONES REGARDING LC WHICH ARE AS FOLLOWS: 1) DOES BANK TAKE CHARGES ON LC OPENING FROM LC ISSUE DATE TO LC EXPIRY DATE OR FROM LC ISSUE DATE TO LC PAYMENT DUE DATE ? 2) DOES BANK TAKE CHARGES ON LC OPENING ON DAYS BASIS OR MONTHLY BASIS OR QUARTERLY BASIS ? 3) IF THE USANCE PERIOD OF LC IS 60 DAYS FROM INVOICE DATE AND INVOICE DATE IS BEFORE LC OPENING DATE THEN WHETHER BANK WILL TAKE CHARGES FOR 60 DAYS OR FOR ONE QUARTER FOR LC OPENING ? MY QUESTION ARE ONLY RELATING TO BANK CHARGES ON LC OPNING WHICH I WANT CLARITY ON THE SAME.
@AnkushJain Жыл бұрын
I am not much clear about charges point since it is operational matter
@OmparkashRai-wv2zd Жыл бұрын
@@AnkushJain, ok
@AnkushJain Жыл бұрын
👍
@rohitbhatia1537 Жыл бұрын
Sir A party is availing CC and LC. Following are my queries. 1. How to calculate DP of CC? Is it Stock + Debtors - Creditors Please note all the creditors arose due to Issuance of LC. 2. We have sanctioned LC with usance period of 180 days and 0.50 months lead time. What is the Lead time? Further, party is requesting to allow DP against Debtors of 120 days since he is selling goods at 120 days credit. Further he is requesting to square off the Debtors of more than 120 days with creditors. Is it justified? Please guide
@AnkushJain Жыл бұрын
Pl find reverts: Question 1: Yes DP shall be calculated that way only Question 2: lead time is time taken for ship to reach destination port Question 3: 120 days debtors are ok but squaring off debtors more than 120 with creditors is not ok. Since his payment cycle is 120 days only
@rohitbhatia1537 Жыл бұрын
@CA Ankush Jain Thanks sir We normally give permission for opening of LC with 180 days from the date of shipment. Then lead period is included in usance? Or can we exclude lead period while assessment of LC limit
@kiranjeetkaur87003 жыл бұрын
Well Explained
@AnkushJain3 жыл бұрын
Thank you
@karansarwal42072 жыл бұрын
Well explained
@AnkushJain2 жыл бұрын
Thank you
@subhajitdutta16102 жыл бұрын
sir, "Revolving lc on value" m irrevocable at sight at per shipment terms ho sakta ha? please help me
@AnkushJain2 жыл бұрын
Can you elaborate the term, could not get it properly
@subhajitdutta16102 жыл бұрын
@@AnkushJain Because of the High quantity buyer wants to open revolving Lc instead of open a normal lc so many tines, so in lc term I have to export a certain amount in a month(for example- 500 Tonne), so my question is if i shipped 100 Tonne in a week, can i get the first 100 tonne payment at sight?
@mihirzatakiya12411 ай бұрын
Sir, What is used more , DA/DP OR LC practically?
@AnkushJain11 ай бұрын
LC is less frequent than DA/DP however still many cases come of both
@mihirzatakiya12411 ай бұрын
@@AnkushJain okay thanks Sir.
@AnkushJain11 ай бұрын
Your welcome
@jyotikiran6403 Жыл бұрын
Sir what is the difference between LC AT SIGHT and DP, if in both case we are making payment on spot and getting the documents after payment.
@AnkushJain Жыл бұрын
Pl watch this series to understand kzbin.info/aero/PLjlclsu02a_x_dPoEXCXjwFEZ5J23T0c2
@PristineAnimation Жыл бұрын
Sir, I m working in ICICI Bank as in BLG, Your video is very useful. But I want to know about your organisation??
@AnkushJain Жыл бұрын
I am also in icici
@PristineAnimation Жыл бұрын
@@AnkushJain Nice sir, I checked. And I m Ayush Raj.
@AnkushJain Жыл бұрын
😊😊👍👍
@Lelomotivation_hub2 жыл бұрын
Dear sir may you please add the assessment also with example for all the products you revealed like CC OD WCDL
@AnkushJain2 жыл бұрын
kzbin.info/www/bejne/o2PKi6GOpJmFnLc LC assessment video
@MONUKUMAR-xu7xg2 жыл бұрын
@@AnkushJain Thanks, Please add one short vedio for How to do Assessment of Capex LC and how to set it in CMA
@sauravkumar75942 жыл бұрын
Nice one
@AnkushJain2 жыл бұрын
Thank you
@chintansoni20282 жыл бұрын
Request if you can also share your views on below facilities. Channel Finance/TReDS/Purchase/Sales bill discounting/Recourse-Non recourse structure in LCBD
@AnkushJain2 жыл бұрын
Ok chintan. I will make videos on them
@MONUKUMAR-xu7xg2 жыл бұрын
@@AnkushJain What is TReDS Facility, never heard this name
@caaman932 жыл бұрын
Sir Any video available for LC and BG assessment.
@AnkushJain2 жыл бұрын
I have not made it yet for BG. But for LC please find below link kzbin.info/www/bejne/o2PKi6GOpJmFnLc
@yogeshmaheshwari599210 ай бұрын
Quality certificate hai na sir goods ki guarantee ke liye aapne hi bataya
@AnkushJain10 ай бұрын
Question kya hai? Main samjha nahi
@yogeshmaheshwari599210 ай бұрын
Aapne lecture ke last me bola ki importer ne lc open karwa di to uska kaam, pura par exporter quality goods bhejega ye Guarantee nahi. To maine yeh comment likha
@nsd10012 жыл бұрын
Thank you sir v informative. 1 doubt - on the LC due date the importer makes payment to the exporter or exporters bank? thank you.
@AnkushJain2 жыл бұрын
On due date, importers bank makes payment to exporters bank account by deducting from importers account.
@nsd10012 жыл бұрын
@@AnkushJain thank you!
@AnkushJain2 жыл бұрын
Your welcome
@MONUKUMAR-xu7xg2 жыл бұрын
@@AnkushJain Is it not possible, that on due date, Importer pays to exporter like normal purchase transaction. Banks to come in picture only when importer fails to make payment
@nsd10012 жыл бұрын
Hi sir, in recourse LC, what will beneficiary bank recover from exporter? The loss is already borne by exporter (since importer has not paid) right? Thanks
@AnkushJain2 жыл бұрын
No, exporter has taken payment vide discounting of LC from his bank. His bank discounted the LC on confidence that importer bank will pay. Now if money does not come, exporter bank can recover back its money from exporter
@nsd10012 жыл бұрын
@@AnkushJain got it sir thank you.. so as i understand this recourse/non recourse issue will arise only if exporter has discounted the LC.
@AnkushJain2 жыл бұрын
Yeah
@MONUKUMAR-xu7xg2 жыл бұрын
@@AnkushJain Hii, How would we come to know whether it's recourse LC or Non recourse LC while doing an LCBD proposal. Further Bank would always like to do discounting of Recourse LC only in such situation !
@shivjha20103 жыл бұрын
Sir I am also a cost account and feel that your lacture is superb. Ratio analysis relating to credit manager not get uploaded.can you plz share the same
@AnkushJain3 жыл бұрын
I have only covered current ratio as of now. Lectures relating to other ratios shall come soon. Pl go to playlist section where I have made separate playlist for ratio analysis
@shivjha20103 жыл бұрын
@@AnkushJain ok sir thanks
@mohitchandrajoshi4454 Жыл бұрын
What is SLC fund based working capital?
@AnkushJain Жыл бұрын
Standby letter of credit?
@mohitchandrajoshi4454 Жыл бұрын
@@AnkushJain yes is standby letter of credit & line of credit same?
@AnkushJain Жыл бұрын
Standby letter of credit and normal letter of credit is more or less same. Pl watch next 2-3 videos as well on this topic, many points will get clear
@mohitchandrajoshi4454 Жыл бұрын
@@AnkushJain Line of credit is different from letter of credit??
@rahulmakwana36906 ай бұрын
Kya LC Limit aur Bank Guarantee Limit pe haypothication charge aata he?
@AnkushJain6 ай бұрын
Yes
@rahulmakwana36906 ай бұрын
To usame current asset as a security lete isake liye
@AnkushJain6 ай бұрын
Yes 👍
@rajanshah25072 жыл бұрын
Sir, can LC be open for creditor for services??
@AnkushJain2 жыл бұрын
For purchase of services, there is usually bank guarantees issued than LC. I have not seen any case wherein LC is issued for purchase of services
@hannymittal79103 жыл бұрын
In case of inland lc how bank confirm that all goods delivered with right quantity and right product as purchaser purchased for lc payments. Further is there any other source which is used by small traders to secure themself other than lc and bg as it takes time and high cost
@AnkushJain3 жыл бұрын
Bank cross checks from invoice, transporters receipts etc w.r.t goods details and terms as per LC. There is not any secure method involving banking sector other than LC or BG.
@hannymittal79103 жыл бұрын
@@AnkushJain In case of road lorry transport usually description of goods not mentioned practically we also have shop and only they mentioned General goods with weight and qty like 1 cartoon. In that case what is checks followed by banks. Further share your contact no pls so i can connect uf i have doubt
@AnkushJain3 жыл бұрын
@@hannymittal7910 along with th transporter receipt there is invoice of goods, e way bill also. Description of goods can be easily checked from them
@hannymittal79103 жыл бұрын
@@AnkushJain ok sir
@rahulmakwana36908 ай бұрын
LC limit me jo beneficiary hota he use koi limit leni hoti he
@AnkushJain8 ай бұрын
Agar LC discount karvani hai tb Leni pdegi
@caaditkumar74502 жыл бұрын
Sir lecture 27 to 31 is missing??
@AnkushJain2 жыл бұрын
No, I can see them, pl recheck
@art_soul_words3 жыл бұрын
Waiting for your new video
@AnkushJain3 жыл бұрын
Thnx. I am preparing it. Will release in 2 hours
@caarchanachoudhary2 жыл бұрын
How the tenor of LC is decided?
@AnkushJain2 жыл бұрын
Usually it is comfort between buyer and seller. It is upto the foreign supplier as to how much tenor he wants to give to importer. Although ideally tenor should not exceed stock plus debtor cycle of the client
@MONUKUMAR-xu7xg2 жыл бұрын
@@AnkushJain Thanks
@AnkushJain2 жыл бұрын
👍
@art_soul_words3 жыл бұрын
Who makes payment on due date? Issuing Bank or importer?
@AnkushJain3 жыл бұрын
Primarily importer. But if the importer does not have the money then issuing bank.
@nsd10012 жыл бұрын
@@AnkushJain sir 1 follow up question. if the issuing bank makes payment, is there a date by which importer has to pay the bank? is it termed as default if issuing bank pays? wont there be penalty etc. Could u pl explain what happens and steps taken by bank to recover etc. thank you
@AnkushJain2 жыл бұрын
It is default. It is called devolvement of LC wherein importer does not pay and bank has to meet its obligation. Default and overdue starts from day 1 after payment. Banks follows up till 90 days for payment, if not received then account becomes NPA and then court proceedings starts
@nsd10012 жыл бұрын
@@AnkushJain thank you sir!
@AnkushJain2 жыл бұрын
Your welcome
@rahulwagh60702 жыл бұрын
Superb video sir. 1 doubt. How is accounting under usance LC after using lc and releasing goods? Dr. Inventory and Cr. Creditors under LC ?? Or we show LC o/s in loan section??. Also impact on DP?
@AnkushJain2 жыл бұрын
LC limit does not appear separately. Only creditors backed by LC appears in books of accounts and they get reduced from DP as well
@rahulwagh60702 жыл бұрын
@@AnkushJain Thanks sirji
@AnkushJain2 жыл бұрын
👍
@MONUKUMAR-xu7xg2 жыл бұрын
@@AnkushJain We will show equivalent amount of Stock as well in Projections in CMA, so will this not increase our DP for CC Limits ?
@AnkushJain2 жыл бұрын
No it will not. Stock will be backed by limit and by applying in projections, 25% margin point on current assets would come as per MPBF 2 and it will create diff