1.1. Origin of the Report
This is a report of internship program of MBA, supervised by Md. Monzur Morshed, Assistant Professor, Faculty of Business Studies, University of Dhaka. The intern was placed in "The Hongkong and Shanghai Banking Corporation Limited" for the three months internship to have a practical grasp over the organization's activities. The Topic of the report is proposed to be " An Appraisal of Import Letter of Credit" would cover a critical financial analysis of the Import Operation of the Trade services department of the HSBC.
1.2. Objectives of The Report
The primary objective of the report is to meet the Compulsory requirement of submitting a report that is an essential part of the internship program at HSBC. The secondary objective is to apprize the HSBC with special references to Trade Services activities.
As the report is based on two major criteria; one is organization part and second one is project part or the analytical part. Specific objectives are presented as follows:
1. To present an overview of HSBC
2. To appraise the Import L/C financing by HSBC
3. To recommended the remedial majors for the improvement of Import L/C financing by HSBC.
1.3 The Scope of The Study
The report will mainly focus on how HSBC Bangladesh are providing documentary credit facilities to importers located in our country and how their trade services are making our transaction methods worldwide more acceptable.
The report is based on primary and secondary data. For data collection following methods are followed:
1. On the Job observation
2. By reading books of different foreign Exchange guideline
3. Browsing the Wed site of the HSBC Bangladesh Limited.
4. Finally, through conversation with the different level executives of The HSBC.
1.5 Source of Data
Both the primary as well as the secondary form of data was used to prepare the report. The details of these sources are... [continues]
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