Program on Foreign Exchange & Financing of Foreign Trade 

With increased global trade, branches at many centers are being called upon to handle forex transactions connected to exports and imports, resulting in all-round demand within banks for officers trained in forex transactions. Furthermore, there is increased regulatory stress on compliance aspects with regard to import & export transactions. This course is designed to deliver knowledge and skills in this specialized area and prepare the participants for managing the day-to-day Transactions. Duration : 5 days Target Group: Newly posted officers in Scale-I/II handling foreign exchange and foreign trade transactions at “B” Category branches or who have been identified for such assignments. No previous experience in handling forex and foreign trade transactions is assumed. Objectives: At the end of the program, the participants would have gained:
  • Basic knowledge of forex market, market players, quoting of buying & selling rates for spot and forward transactions, forward contracts & options, market terminology.
  • Detailed understanding of procedures for handling pre-shipment credit and post-shipment credit and ECGC’s credit insurance products for banks & exporters.
  • Familiarity with LC as payment mechanism in foreign trade, and various types of LCs used in foreign trade.
  • Detailed understanding of procedures for handling import transactions and Trade Credit for imports.
  • Knowledge of NRI accounts and other facilities available for NRIs.

MODULES 

Our Vision
BASICS OF FOREIGN EXCHANGE: FOREX MARKET, PLAYERS AND MARKET TERMINOLOGY
Our Vision
QUOTING OF BUYING & SELLING RATES FOR SPOT AND FORWARD TRANSACTIONS
Our Vision
QUOTING OF BUYING & SELLING RATES FOR FORWARD CONTRACTS AND OPTIONS
Our Vision
INTRODUCTION TO DEALING ROOM OPERATIONS
Our Vision
LETTERS OF CREDIT IN FOREIGN TRADE, INCO TERMS, UCPDC.
Our Vision
EXPORT CREDIT IN INDIAN AND FOREIGN CURRENCIES, OTHER FACILITIES TO EXPORTERS.
Our Vision
ROLE OF ECGC.
Our Vision
IMPORT FINANCE THROUGH LC AND TRADE CREDIT.
Our Vision
FOLLOW UP OF IMPORT & EXPORT TRANSACTIONS
Our Vision
REPORTING OF TRANSACTIONS TO RBI.
Our Vision
PROFITABILITY OF FOREIGN EXCHANGE BUSINESS TO BANKS.
Our Vision
NRI ACCOUNTS.
Our Vision
MARKETING OF FOREX BUSINESS AND EXPORT CREDIT.
OTHER PROGRAMS