Free Essay

Report on Foreign Exchange

In: Business and Management

Submitted By abbank
Words 2556
Pages 11
User Manual For

On‐Line Export Monitoring System

Export Trade Section Foreign Exchange Operation Department Bangladesh Bank Head Office Dhaka

1

Table of Contents
Introduction: ........................................................................................................................................... 3 Login page: .............................................................................................................................................. 3 Home: ..................................................................................................................................................... 3 . Officer Assignment: .................................................................................................................................. 4 . Transaction: .............................................................................................................................................. 5 Issued EXP validation (AD Branch): ........................................................................................................... 7 Print EXP: ................................................................................................................................................. 13 Change Password: ................................................................................................................................... 14 Reports (Note that more report options will be added in future with the system as required): ........... 15

2

INTRODUCTION: Welcome to the Bangladesh Bank Foreign Exchange Operation Monitoring Systems. First of all we welcome you to OnLine Export Monitoring System. This user guide will take you through the process of issuing & reporting of EXP through web based On‐Line System.

LOGIN PAGE: When you browse Bangladesh Bank website www.bb.org.bd you will find a icon with link named “E‐Services” at the bottom of the Home page. Click on the E‐Services link. Now click on the “Online Export Monitoring System” link to go to the OnLine Export Monitoring System. At first, the login page will appear in the screen. The layout of the login page is displayed below:

Insert correct user name and password and click on “Login” button to login to the system.

HOME:

After login to the system the Home page will appear in the screen as below:

In the Home page link is available for various operations. Clicking on the links will take you to the pages for specific operations.

3

Officer Assignment:

First of all, we have to assign officers specifying their Assignment. We can do it from this link. Go to Officer Assignment link (Home‐> Officer Assignment), the following screen will appear:

If we click on the “Back” button then we will be redirected to the Home page. Click on the “Create” button to specify the officer’s assignment. The screen will appear as below:

If we want to edit a row in the list, click on the following window will appear in the screen:

icon in the Edit column. The

Select a category from the dropdown list. Select an assignment from the type dropdown list.

Enter Name, Designation, Office and Cell Phone.

Select “Enable” status to create or Edit a user and “Disable” status to disable the assignment for the officer.

The Details of each field is given in the picture. Please note that you must click on “Apply Changes” button to effect the changes. Click on “Cancel” button to go to the assigned officers’ list of AD Branch page.

4

Transaction: If we click on the Transaction module (Home ‐> Transaction) the following screen will appear:

Operation Click on the “logout” link.
Click on the “Back” button. Click on the “Issue EXP” link. Click on the Export Acknowledgement by Bank link Click on the Export Proceed Realization link Click on the Advance Receipt Voucher (ARV) link

Functions You will be log out of the system.
The Home page will appear. The EXP Issue form will appear in the screen. The Search for Export Acknowledgement form will appear in the screen. The Search for Export Proceed Realization form will appear in the screen. The Advance Receipt Voucher (ARV) create form will appear in the screen.

If we click on the Issue Exp link (Home ‐> Transaction ‐> Issue Exp) the Export Issue form is displayed below:

5

The operation of this Issue EXP screen is given in the following table: Operation EXP Serial field EXP Year dropdown HS CODE field Functions Insert EXP serial Number from EXP register in this field. Select EXP Year from this dropdown list. Insert Harmonized System Code i.e., the Commodity Code (8 digit) in this field. If any code is not received by the system, a) Communicate to BB at e‐mail to gmfeod@bb.org.bd, or fepdexp@yahoo.ocm, b) Change last 2 digit of the code. The system will display the name of the Commodity. Select Exporting Country from the list. Type first letter(s) of the Country name for quick searching. Enter the name of the destination port here. Select Unit of the exported item from this dropdown list. Type Quantity of the exporting Commodity. Select Exporting Currency from the list. Enter Invoice Amount Correctly and re‐check it. Select the appropriate Incoterm from this dropdown list. If you select any Incoterm below FOB then mention the Freight, Insurance amount if any. Select the terms of sale “LC or Contract”. Also enter LC/Contract No. and date in the respective fields. Enter the name and address of the Importer. Enter the name of the vessel by which the goods will be exported. Select transport document type from the dropdown list. Enter Transport Document No. and Date(if available) Enter Exporter’s Registration Number (Numeric value only, No alphabet) in this field. If exporter is new one then you can add 6

Country dropdown list Destination Port Unit Dropdown list. Quantity Currency dropdown list. Invoice Amount. Incoterm Used.

Terms of Sale type. Importer. Name of the carrier/vessel Transport Document type. Document No. and Date Exporter’s Registration Number(ERC Number)

Port of shipment. Sector Export From

exporter name and address from the “Exporter Entry form” by providing ERC no., Exporter name and address. Select the port of shipment from the dropdown list through which the goods will be exported. Select sector private/ public. Select the place where the items will be exported from. If from EPZ select the name of the EPZ and if from other than EPZ then select Non‐EPZ

Issued EXP validation (AD Branch): If we click on the Issued EXP validation (AD Branch) link (Home ‐> Issued EXP Validation (AD Branch) module then the following screen will appear:

If you click on the Back button then the Home page will appear. If you click on the Calendar icon then date selection wizard will appear, from where you can select desired date. The layout of calendar is given below:

After selecting desired dates in the From date and To date field list of exports between these two dates is displayed in the EXP Detail list. Please note that if you don’t select any date in these two dates and click on Search button, then all the exports of current dates will be displayed in the list.

7

Duplicate EXP Reporting:
If we click on the “EXP Acknowledge by Bank” link (Home ‐> Transaction ‐> EXP Acknowledge by Bank) in the Transaction module, the following page will appear in the screen:

Operation
Click on the “Back” button. Insert Authorized Dealer(AD) Code in the ADs Code field.

Functions

The Transaction page will appear. For going back. Put the AD Code and the respective Bank name will appear automatically in the Bank Info field. Match with your one. Insert EXP Serial in the EXP Serial field and select If any EXP is issued earlier in this Number then it will be Year from the EXP Year dropdown list, then click displayed in the EXP Detail list. on Search button.

The Export Detail list is appeared below:

Click on the icon in the EXP No column. The following screens will appear as below where you can edit the

8

form:

Operation
Click on the “Back” button. Custom Office Code

Functions
The Transaction page will appear i.e., For going back. Enter Custom Office code from the copy of Bill of Export. Note that Custom office name wil be automatically displayed. Enter Bill of Export Number from the copy of Bill of Export. Insert Bill Export Date from the copy of Bill of Export. Enter amount confirmed by customs, Unit of the export item and quantity of item. Enter the date of shipment of the consignment. Enter Bill of Lading No. and date from the copy of BL/AWB/TR/PPR. Enter Bill No. and Bill date of the Banks Bills Register in respective fields. Click on the check box “Click for Acknowledgement” to Acknowledge the export. Enter Export Acknowledgement Date. Click on this Apply Changes button to effect the changes i.e., to submit the Duplicate EXP to BB.

Bill of Export Number Bill of Export Date Amount Confirmed by Customs, Unit and Quantity Shipment Date Bill of Lading and Bill Date Bank’s Bill No. and Bill Date Acknowledge Export Export Acknowledgement Date Apply Changes button

Triplicate EXP Reporting:
To report Triplicate EXP or Realized Export Proceeds (this can be done in 3 ways a) from Export Proceeds Realization, b) From ARV adjustment and c) by using both the options. a) Export Proceeds Realization: Click on the Export Proceed Realization link (Home‐> Transaction‐> Export Proceed Realization link), then the following screen will appear:

9

Click on the below: icon in the EXP No column of the EXP Detail list. The following screens will appear as

10

e

If we click on the Create button of the the Repatriated EXP screen then the page is displayed

below:

Enter the realized Foreign Currency(FC) Amount which is to be reported then click on the Create button. The amount will be displayed in the Repatriated EXP list i.e. Triplicate Reporting Complete.

11

b) ARV adjustment partial or full: If we want to report any EXP of which a porttion or full amount of FC will be adjusted from ARV reporting click on the Create button then the ARV adjustment Screen will appear:

Here, select previously Created ARV ID (while we report Advanced Proceeds an ARV ID will be created/generated by the systems which is to be noted to the ARV Register) from the Select ARV dropdown List. Unadjusted amount will be displayed in the Amount Field. Displayed Amount = ARV amount – SUM (ADJUSTED Amount) of Selected ARV ID. Now, specify the desired amount you want to adjust right now from this ARV then press Create Button. You will be redirected to previous page where you can see realized amount increased by specified amount which we have entered in the ARV Adjustment Page.

Reporting of Advanced realized Proceeds:
If we click on the Advanced Receipt Voucher (ARV) link (Home ‐> Transaction ‐>Advanced Receipt Voucher (ARV)) in the Transaction module then the following screen will appear:

This is Advance Receipt Voucher (ARV) Entry Form. All items except Importer are mandatory. Operation
Click on the “Cancel” button.

Functions
The Transaction page will appear.

12

Commodity Code

Commodity Name Country Code Currency Code ARV Amount Importer ERC No. and Exporter

Sector

Insert Harmonized System Code i.e., the Commodity Code (8 digit) in this field. If any code is not received by the system, a) Communicate to BB at e‐mail to gmfeod@bb.org.bd, or fepdexp@yahoo.com, b) Change last 2 digit of the code. The system will display the name of the Commodity. Enter name of the exporting commodity. Select Exporting Country from the list. Type first letter(s) of the Country name for quick searching. Select Exporting Currency from the list. Enter ARV amount in this field. Enter the name and address of the Importer. Enter ERC No. then Exporter Name and Adress will be displayed in the Exporter field. If there is no such ERC No. in the system an Exporter Entry form will be dispalyed for Exporter's ERC No., Name and Address to entry. Select sector name “private/ public”.

Enter all the required values in this form as described above and then Press Create Button. Then an ARV ID will be displayed in the confirmation message. Now write down the ARV ID number in the ARV register because this ARV ID will be used to adjust/report the ARV amount at Proceed Realization after completion of export of this EXP.

Print EXP: If we click on the Print EXP module (Home ‐> Print EXP) then page for printing EXP will be appear in the screen as follows:

If we click on the Back button then the Home page will appear.
Insert correct AD code and note that respective Bank with branch name will be displayed in the Bank field. Insert EXP serial, select EXP year and the click on Search button. The list of EXP will appear as follows:

13

If we click on Print EXP button, an option will be displayed to open or same the EXP. After opening the same we can Print the EXP from this PDF file.

Change Password:

Click on the “Change Password” link (Home ‐> Change Password) to change your password. The following screen will appear in the screen:

Click on Back Button to go to Home page. Insert Old, New and Confirm Password and then click on “Change Password” button to change the password. Users have to change their password from this page. New password rules are as follows: • • • • • User must provide user's current password and it must match actual password. Password must be at least 8 characters long. Password must contain at least one small letter. Password must contain at least one capital letter. Password must contain at least one special/punctuation character

!"#$%&()``*+,‐/:;<=>?_
If you want to edit the inserted value click on “Clear” button to delete the inserted data and then edit. 14

Reports: (Note that more report options will be added in future with the system as required) If you click on the Reports link (Home‐> Reports) then the following page will appear. You can get your desired reports clicking on the desired report link.

Overdue export list Overdue export list will show you the list of exports which is outstanding for more than four months. You can go to this list by the following way: Home‐> Reports‐> Overdue EXP list link. The screen is displayed below. After selecting desired dates in the From Year and To Year field list of overdue exports between these two years is displayed in the Overdue EXP list.

Please note that if you don’t select any year in these two years and click on Search button, then all the overdue exports will be displayed in the list.

15

Now if you don’t select any From Year and select a year in the To Year field, then list of overdue exports from the beginning to the selected year will be displayed.

Likewise, if you don’t select any To Year and select a From Year, the list of overdue exports from the selected year to current year will be displayed in the list.

Repatriated EXP list If you click on the Repatriated EXP list link (Home‐> Reports‐> Repatriated EXP list link), then the following screen will appear. Operation of year selection and generating report is similar to that of “Overdue export list” described above.

16

Total issued EXP list (AD Branch) This list will show you the total no. of export issued from the AD Branch. You can go to this list by the following way: Home‐> Reports‐> Total issued EXP list (AD Branch) link. The layout of this screen and an EXP list given below:

Printable Overdue Reports

Overdue EXP Report (BB Offices): Currently this service is unavailable. Overdue EXP Report (Bank): Currently this service is unavailable. Overdue EXP Report (AD Branches): Currently this service is unavailable. Overdue EXP Report (BB Top Level): Currently this service is unavailable. 17

Printable Repatriated EXP Report The layout of this screen is given below:

Repatriated EXP Report (BB Offices): Currently this service is unavailable. Repatriated EXP Report (Bank): Currently this service is unavailable Repatriated EXP Report (AD Branches): Currently this service is unavailable. Repatriated EXP Report (BB Top Level): Currently this service is unavailable.

18

Similar Documents

Premium Essay

Intern Report on Foreign Exchange

...An Internship Report On NBL Foreign Exchange Operations – An overview Presented To The Department of Business Administration IBAIS University In partial fulfillment of the requirement of the degree of BBA In Finance By: Farhan Ahammed ID No. – 0102072411 IBAIS UNIVERSITY Table of Contents |Chapter |Topic |Page Number | |Chapter One |Introduction |2 | |Introduction | | | | |Origin of the Report |2 | | |Objectives of the Report |3 | | | Methodology of the report |3 | | |Scope of the report | 4 | | |Limitations of the report ...

Words: 10839 - Pages: 44

Premium Essay

Dissertation Report on Comparative Analysis of Foreign Exchange Activities: a Case Study on Some Selected Banking Companies in Bangladesh

...Bangladesh. In our economy, there are mainly three types of schedule commercial banks are in operation. They are Nationalized Commercial Banks, Local Private Commercial Banks and Foreign Private Commercial Banks. All Bank has discovered a new horizon in the field of banking area, which offers different General Banking, Investments and Foreign Exchange banking system. Globalization of the world economy for goods and services makes foreign exchange necessary for almost every citizen across the country. So I have decided to study on the topic Comparative Analysis of Foreign Exchange Activities: A case study on some selected banking companies in Bangladesh”. 1.2 Objectives of the Study: The main objective of the study is to critical evaluation of Foreign exchange dealings of all Bank In order to attain the basic objective of the study, the following are the specific objectives: * To identify the various foreign exchange activities performed by Listed Banks. * To point out factors affecting the performance of foreign exchange dealings of the studied banks. * To identify the documents used in foreign exchange activities of the sample banks. * To analyze the trend of export, import and foreign remittance of the selected banks. * To suggest in order to improve the foreign exchange dealings performance of Listed Banks. 1.3 Methodology of the Study: Methodology of the study is an essential part of the study. It is designed in a way so that it correspondent...

Words: 25229 - Pages: 101

Premium Essay

Foreign Exchange

...OVERVIEW OF FOREIGN EXCHANGE OPERATION (IMPORT PROCEDURE) OF FIRST SECURITY ISLAMI BANK LTD. & A COMPARATIVE ANALYSIS WITH OTHER BANKS by Taslima Akter ID# 0931048 An Internship Report Presented in Partial Fulfillment of the Requirements for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY, BANGLADESH May, 2013 Comparative study of Foreign Exchange Operations of FSIBL 1 AN OVERVIEW OF FOREIGN EXCHANGE OPERATION (IMPORT PROCEDURE) OF FIRST SECURITY ISLAMI BANK LTD. & A COMPARATIVE ANALYSIS WITH OTHER BANKS by Taslima Akter ID# 0931048 has been approved 9th May 2013 ______________________________ Abul Khair Jyote Lecturer, Marketing School of Business Independent University, Bangladesh Comparative study of Foreign Exchange Operations of FSIBL 2 Table of Contents Particulars Page No. Letter of Transmittal 01 Acknowledgement Executive Summary 02 04 Chapter-01 Introduction Overview of First Security Islami Bank Ltd Vision 06 07 08 Mission Strategies Financial Highlights Corporate Information 08 09 10 11 Board of Directors Products And Services Organizational Structure My job Responsibilities Branch Network 12 13 14 15 15 Findings Recommendations 15 16 Chapter-02 Introduction Background of the Report Scope of the Study: Objective of the Study Benefit of the report Limitations of the Study 17 17 18 18 19 19 Chapter-03 Literature Review 21 Chapter-04 Methodology 23 Chapter-5 Foreign Exchange (Import Procedure) Foreign Exchange 24 Foreign...

Words: 10959 - Pages: 44

Premium Essay

International Risk Management: an Analysis of 3m's Foreign Risk Management

...to give a strategic advice to 3M’s current CFO D.W. Meline how to manage 3M’s future exposure of the foreign exchange rate risk. In doing so, the overall profile of the company is discussed; the current foreign exchange risk management instruments are described; and conclusions are drawn, followed by recommendations. ABSTRACT This paper is written with a purpose to give a strategic advice to 3M’s current CFO D.W. Meline how to manage 3M’s future exposure of the foreign exchange rate risk. In doing so, the overall profile of the company is discussed; the current foreign exchange risk management instruments are described; and conclusions are drawn, followed by recommendations. International Risk Management: An Analysis of 3M’s Foreign Risk Management International Risk Management: An Analysis of 3M’s Foreign Risk Management Contents Executive Summary 3 Introduction 4 1. Description Historical Exchange Rates 6 2. Foreign Currency Exchange Rate Risk 10 2.1. Current Strategy to Manage Exchange Rate Risk 10 2.1.1. Cash Flow Hedging 10 2.1.2. Net investment hedging 13 2.2. Currency Translation Effects on Business Segments 14 3. Appreciating and Depreciation of Domestic Currency and Foreign Exchange Rate Risk Management 15 3.1. 3M’s Domestic and International Transactions 15 3.2. Appreciation...

Words: 5228 - Pages: 21

Premium Essay

Performance Evaluation of Exim Bank

...11 Internship Report Prepared by Md. Sabbir Jahan Performance Evaluation of EXIM by the Private Banks of Bangladesh “A Case Study on EXIM Bank Ltd” This Internship report is submitted for the partial fulfillment of The degree of “Master’s of Business Administration” with a major in “Finance&Banking” Prepared By: MD. Salahuddin ID: 136-34-21 Program: Master’s of Business Administration Major: Finance&Banking Semester: Supervised By: Md. Kamrul Hasan Lecturer Department of Business Administration Southern University Bangladesh Internship Duration: Submission Date: Dedication Dedicated to my family, friends who always pray to the Almighty Allah for my prosperity and also provided all kinds of support & inspiration………… Letter of Submission: Date: To Md. Shahidullah Manager EXIM Bank Ltd. Agrabad, Chittagong. Subject: Submission of Internship Report. Dear Sir, It is a pleasure to hand over the report of my internship program on “Foreign Exchange Management Practices of EXIM Bank Ltd” to you. This Internship program has provided me the opportunity to have the practical experience about my bachelor degree program by working with the employees of all departments in EXIM Bank ltd, Agrabad. It gave me valuable insights to the professional life in an organization specially about banking system. I, therefore convey my thanks to you for...

Words: 2049 - Pages: 9

Premium Essay

Froeign Exchange Performance Analysis of Islami Bank Bangladesh Ltd.

...Foreign Exchange Performance Analysis of Islamic Bank Bangladesh Ltd. A Report On Foreign Exchange Performance Analysis of Islamic Bank Bangladesh Ltd. Prepared For: The Chairman Fourth Year Examination Committee 2013 Prepared By Md. Wasiul Islam Exam ID: 100214 BBA Program, Session: 2009-10 Dept. of Finance & Banking Jahangirnagar University Savar, Dhaka – 1342 October 10, 2013 October 10, 2013 The Chairman Exam Committee Fourth Year Exam Committee 2013 Department of Finance & Banking Jahangirnagar University Savar, Dhaka-1342 Through: Mr. MD. Tarikul Islam, Thesis Supervisor Subject: Submission of the internship report/bachelor thesis Dear Sir: It is my pleasure to submit the Internship Report on “Analysis on Foreign Exchange Operation of Islamic Bank Bangladesh Ltd.” as approved by my internal supervisor, Mr. Md. Tarikul Islam and my external supervisor, Md. Hedayet Ullah, Course coordinator of Internship Program of IBBL. I expect your kind acceptance of the report my report. Thank you for giving me the opportunity to do such type of work. I tried my best to make it understandable, relevant and reliable. I also expect your cordial suggestions that will be a positive feedback for me to make better in future. Sincerely yours, MD. Wasiul Islam Exam ID: 100214 BBA Program, Session: 2009-10 Acknowledgement First of all I would like to thank the Almighty who gave me patience. In preparing this internship report...

Words: 10400 - Pages: 42

Premium Essay

Foreign Currency Exchange Rates

...Foreign currency exchange rates . 3/28/2014 Instructor name Student name Foreign currency exchange rates Introduction: Foreign currency exchange rates deals with the study of foreign exchange gains and losses facing companies when they are trading there subsidiaries outside their reporting entity jurisdiction. A reporting entity is an entity which is the principle co of different subsidiaries operating under their control. Subsidiaries are the companies reporting under a principle co whose accounts are consolidated at the end of the reporting entity period. Reporting entity period is the period where the reporting entity accounts are prepared and subsidiaries accounts are prepared according to their reporting period and at the end they are consolidated with the reporting entity accounts so that their accounts give a true and fair view. Now the point is that subsidiaries accounts may be prepared in a different jurisdiction where as the reporting entity accounts are prepared in their home jurisdiction. Subsidiaries must report their accounts in their own jurisdiction currency as well as in the reporting entity jurisdiction currency so that there is fair accounting and the accounts are prepared according to standards. Body: IAS 21 “The Effects of Changes in Foreign Exchange Rates” International accounting standard on foreign currency deals with the study of foreign exchange risks faced by a company. An entity must report their accounts in their home jurisdiction currency...

Words: 2153 - Pages: 9

Premium Essay

Teracotta

... 1. A WORKING REPORT ON FOREIGN EXCHANGE BANKING SERVICES: An Analysis of The BASIC Bank Limited(Autumn 2011). 2. Advance & foreign Remittance Service” National Credit & Commerce Bank View (Autumn 2011). 3. Working Report on “credit policy and credit Risk Management of International Finance Investment and Commerce Bank Limited”.(autumn 2011). 4. A WORKING REPORT ON FOREIGN EXCHANGE OPERATION OF COMMERCIAL BANK OF CEYLON PLC AND COMPARATIVE STATISTICAL ANALYSIS BETWEEN COMMERCIAL BANK OF CEYLON PLC AND EASTERN BANK LTD.(spring 2012). 5. ADVANCE WORKING REPORT ON FOREIGN EXCHANGE OPERATION AND PERFORMANCE EVALUATION ON MUTUAL TRUST BANK LIMITED. FIROZA BEGUM (ID #0920623) (Autumn 2012) 6. Investigating the levels of satisfaction of Local Corporate clients in Standard Chartered Bank regarding the various services offered by Local Corporate.(Autumn 2012) 7. CREDIT RISK MANAGEMENT ANALYSIS OF UNITED COMMERCIAL BANK LTD. Autumn 2012 8. A WORKING REPORT ON FOREIGN EXCHANGE PROCEDURE OF NATIONAL CREDIT AND COMMERCE  BANK LIMITED 9. FOREIGN EXCHANGE PROCEDURES OF SOUTHEAST BANK LIMITED: A WORKING REPORT ON GULSHAN BRANCH, DHAKA spring 2010 10. A WORKING REPORT ON FOREIGN EXCHANGE PROCEDURE OF NATIONAL CREDIT AND COMMERCE  BANK LIMITED spring 2010 11. A WORKING REPORT ON the import department: citibank n.a. dhaka, bangladesh spring 2010 12. A REPORT ON CREDIT APPRAISAL PROCESS OF EXIM BANK...

Words: 259 - Pages: 2

Free Essay

Business

...“Evaluation of Foreign Exchange Operations” A Study On Shahjalal Islami Bank Ltd Khatungong Branch, Chittagong. (THIS INTERNSHIP REPORT IS SUBMITTED FOR THE PARTIAL FULFILMENT OF THE DEGREE OF BACHELOR OFR BUSINESS ADMINISTRATION WITH A MAJOR OF FINANCE AND BANKING) Prepared By: MD. Rashedul Islam Metric No: B071323 Program: BBA Semester: Autumn-2010 Internship Duration: March 01-May 01, 2011 Submission Date: [pic] Department of Business Administration Faculty of Business Studies International Islamic University Chittagong “Evaluation of Foreign Exchange Operations” A Study On Shahjalal Islami Bank Ltd Khatungong Branch, Chittagong. (THIS INTERNSHIP REPORT IS SUBMITTED FOR THE PARTIAL FULFILMENT OF THE DEGREE OF BACHELOR OFR BUSINESS ADMINISTRATION WITH A MAJOR OF FINANCE AND BANKING) Supervised By: Mr. Md. Haffij Ullah Assistant Professor Department of Business Administration IIUC ……………………………. Signature of Supervisor Prepared By: Md. Rashedul Islam Metric No: B071323 Program: BBA Semester: Autumn-2010 Internship Duration: March 01-May 01, 2011 Submission Date: [pic] Department of Business Administration Faculty of Business Studies International Islamic University Chittagong Letter of Transmittal Date: To Mr. Mohammad Mahbubur Rahman Professor& Dean Faculty of Business Administration International Islamic University, Chittagong Sub: Submission of Report on Shahjalal Islami Bank Ltd. Dear Sir...

Words: 669 - Pages: 3

Premium Essay

Internship Report

...1.0 Introduction: As a part of the internship Program of BBA course requirement, I was assigned to do my internship in Standard Bank Limited, Motijheel, (Foreign Exchange branch), Dhaka for the period of three months starting from September 24, 2011 to December 24, 2011. My report is on the “Overall General Banking of Standard Bank Limited Emphasizing on Foreign Exchange Performance Compared with Others” of Standard Bank Limited, Motijheel, (Foreign Exchange branch). With the advent of the 21st century, globalization and consolidation amongst the multinational and foreign companies are making their impact in the third world economies including that of Bangladesh. The report studies how the bank has maintained growth in its general banking business by maintaining and enhancing its relationship with its clients. The success of The Standard Bank Limited is largely credited to its friendly, co-operative approach, understanding the foreign exchange policy special banking needs of every client and concern for the benefits and welfare. A fundamental characteristic of money is that it is very much like a collective commodity. It is a parallel relationship between the Money and Banking. Bank is an important and essential financial institution for the necessity of the use of money and the protection of the money. At the very arena of globalization and technological innovation, banking business has become competitive. To cope with this, bankers should have vast theoretical knowledge...

Words: 776 - Pages: 4

Premium Essay

Report on Mercantile Bank Limited

...------------------------------------------------- Business Communication ------------------------------------------------- Report Submitted To Shahriyar Anam Course Instructor Business Communication Submitted By Sabbir Ahmed Reg – 11102003 Group – A (BBA) Date of Submission – 21.08.2011 The University of Asia Pacific Department of Business Administration A Report on Mercantile Bank Limited PREPARED FOR Shahriyar Anam Course Instructor Business Communication PREPARED BY Sabbir Ahmed Reg – 11102003 Group – A (BBA) Department of Business Administration The University of Asia Pacific Letter of Transmittal August 21, 2011 Shahriyar Anam Course Instructor (HSS 131) Department of Business Administration The University of Asia Pacific Subject: Application for submitting the report on Mercantile Bank Ltd. Dear Sir, I beg most respectfully to state that, for the fulfillment of the course requirement, I have prepared a Report on Mercantile Bank Ltd. I have written this report based on my exposure to General banking, Foreign exchange, Loan and Advance department of main branch, Mercantile Bank Ltd. It is a great pleasure for me to present you this report. I shall be glad if the report can serve its purpose and I am ready to explain anything to you if you feel necessary. Thanking...

Words: 4928 - Pages: 20

Premium Essay

Bus138: International Finance Exchange Rate Determination

...BUS138: INTERNATIONAL FINANCE EXCHANGE RATE DETERMINATION Factors that affect exchange rates! How are each of the factors (events) below expected to affect exchange rates? Why? 1. Increase in foreign imports and an increase in trade deficits The exchange rates will increase. Because the trade deficits made a great demand of dollar, dollar became going up and the exchange rate will increase. 2. Increase in government budget deficits The exchange rates will increase. Because the government budget deficits will lead to the BOP deficits, as a result, the purchasing power of dollar will decrease and the demand of foreign currencies will increase, then the exchange rate will go up. 3. Inflation The exchange rates will increase. Because of the decline of the purchasing power of dollar, the demand of foreign currencies will go up. 4. Government provides tax breaks and other incentives for capital spending The exchange rate will decrease. Because these fiscal tools lead to a increasing purchasing power of dollar. 5. Good stock market performance (Dow Jones Index goes up) The exchange rates will decrease. Because the good stock market performance attract more foreign investors to buy dollars. 6. Government announcements an intention to intervene in foreign exchange markets to weaken a currency. The exchange rate will decrease. Because the currency which is weakened, the foreign exchange rate will decrease relatively...

Words: 672 - Pages: 3

Premium Essay

Doc, Docx Pdf, Wps.Rtf, Odt

... By Nabila Alam ID # 0931059 An Internship Report Presented in Partial Fulfillment Of the Requirements for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY, BANGLADESH April, 2013 Comparative Analysis of Import Division of EXIM Bank Ltd Page 1 A STUDY ON PERFORMANCE ANALYSIS: IMPORT DIVISION OF EXPORT IMPORT BANK OF BANGLADESH LIMITED By Nabila Alam ID# 0931059 Had Been Approved April,2013 ______________________________ Abul Khair Jyote Lecturer, Marketing School of Business Independent University Bangladesh Bashundhara R/A, Dhaka Comparative Analysis of Import Division of EXIM Bank Ltd Page 2 Table of Content Particulars Letter of Transmittal Acknowledgement Executive Summery Page No. 5 6. 7 Part – I Working Report on Export Import Bank of Bangladesh Limited Background & History Corporate Information‟s at a Glance Vision & Mission Objectives Corporate Objectives Board of Directors Shariah Board Islamic bank extend investment (loan) under the principles Branches of EXIM BANK in Bangladesh Financial Performance of EXIM BANK Limited Working Experience at EXIM BANK Job as an Intern Critical Observation and Recommendation 9 10 12 12 13 13 14 15 16 18 20 20 23 Part – II A STUDY ON PERFORMANCE ANALYSIS: IMPORT DIVISION OFEXPORT IMPORT BANK OF BANGLADESH LIMITED Chapter 1: Introduction 1.1 Introduction &Background 1.2 Rationale of the Study 1.3 Objective of the Report 1.4 Limitations Chapter 2: Literature Review 2.1...

Words: 9728 - Pages: 39

Premium Essay

Term Paper

...Many companies make annual reports available on their corporate Internet home page. Annual reports also can be accessed through the SEC's EDGAR system at www.sec.gov (under Filing Type, search for 10-K). Access the most recent annual report for International Flavors and Fragrances (IFF). 1. Identify the location(s) in the annual report where IFF provides disclosures related to its management of foreign exchange risk. Through the most recent form 10-K of IFF (2015), three locations where foreign exchange risk is disclosed were found: a. Part I, Item 1A. Risk Factors: “The impact of currency fluctuation or devaluation in the international markets” (Page 15) b. Part II, Item 7A. Quantitative and Qualitative Disclosures About Market Risk (Page 51) c. Part IV, Item 15. Note 15. Financial Instruments: Derivatives (Page 88) 2. Determine the types of hedging instruments the company uses and the types of hedges in which it engages. IFF is a New York-based global producer of flavors and fragrances providing products to customers in around 150 countries. As described in its expansion strategy in 2015, it is necessary for IFF to put efforts in managing its foreign exchange risk. The consolidated financial statements include financial results of operations outside the U.S. that are translated from reported local currency at applicable exchange rates. However, the fluctuation of the exchange rate between local currencies and U.S. dollars always exists and affects...

Words: 708 - Pages: 3

Premium Essay

An Overview of Foreign Exchange Management System of Jamuna Bank Limited

...clients all kinds of transaction through the technology. Bangladesh bank keeps monitoring banks performances. Jamuna Bank Ltd is a commercial private bank of the banking sector in our country it provides excellence services to the customers in short time. They always try to provide better services from other banks. So I have chosen Jamuna Bank because it is very first emergence and inception of modern civilization, Bank plays a pivotal role in case of overall financial & socio-economic development of any modern country. Nearly all sector contributed to the GDP growth, particularly significant were the growth of the export-oriented sectors, inflow of remittances and some service sectors like transport and communication. In that case foreign exchange operation of Jamuna Bank Limited plays an important role in the economic development of Bangladesh. 1.2 Background of the Study In the later 19th century, Finance was a part of the Economics. But due to...

Words: 11753 - Pages: 48