Foreign Exchange Transactions Comprise LC Advice, Negotiation of Export Documentary Bills, and Repatriation of Bills Proceeds

Abstract

This report aims toward providing an overview on the Foreign Exchange Banking system in Prime Bank Limited. The report is prepared within the broader framework of Internship Program of the Business Administration Department, EAST WEST UNIVERSITY. While preparing this report it has been tried to reveal the insights of the foreign exchange banking system of the bank. Simultaneously efforts have been made to provide an in depth analysis on the General Banking system in the light of the theoretical aspects. And a few recommendations and suggestions were also prescribed based on the observation and findings. While discussing the different aspects and functions of the bank, priority has been given to depict the real Situation as far as appraisal and management system in Prime Bank Ltd. are concerned by employing the experience gathered during the internship program. Analysis on the findings is basically done to sort out the major aspects of the Foreign Exchange Banking system and to draw some significant inferences. At the same time for easier understanding of the report, supporting topics and terms are explained in light of textbooks and regulatory guidelines. To examine the efficiency of the Export management system, Letter of credit has been taken as the prime factor. Simultaneously analysis on the foreign exchange, foreign LC advising has also been done. Utmost care has been given to explain all necessary aspects related to the subject matter for easier and quick understanding of the report.