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Foreign Exchange Operation of Standard Bank Ltd. – a Study on Mirpur Branch.

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Foreign Exchange Operation of Standard Bank Ltd. – a Study on Mirpur Branch.
Foreign Exchange Operation of Standard Bank Ltd. – A study on Mirpur Branch.

Date of Submission:

[pic] Internship Report on Foreign Exchange Operation of Standard Bank Ltd. at Mirpur Branch.

SUBMITED BY Rushdina Afreen
ID- BBA070202242
Major in Finance
BBA Program
Northern University Bangladesh

Date of Submission

Internship Report on Foreign Exchange Operation of Standard Bank
Ltd. at Mirpur Branch.

SUPERVISED BY

Md. Masukujjaman Lecturer in Finance
Department of Business Administration
Northern University Bangladesh

SUBMITED BY
Rushdina Afreen
ID- BBA070202242
Major In Finance
BBA Program
Northern University Bangladesh

Date of Submission
[pic]

Student Declaration

Rushdina Afreen, bearing ID BBA070202242, student of BBA program, major in finance of Northern University Bangladesh do hereby declare that the internship report Foreign exchange operation of Standard Bank Ltd. at Mirpur Branch is an original and benefited work done by me for partial fulfillment of the Bachelor of Business Administration degree, as a part of academic curriculum. It has not been submitted by me before, for any other degree.

Signature

___________
Rushdina Afreen
ID BBA070202242
Major in Finance
Department of Business Administration
Northern University Bangladesh

Supervisor Declaration

This is to certify that Rushdina Afreen, ID BBA070202242, student of BBA program, of Northern University Bangladesh has done an internship worked titled Foreign Exchange Operation of Standard Bank Ltd. at Mirpur Branch under my supervision and guidance.

The student should keen interest in application of banking

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    Table of Contents Letter of Submission Certificate Acknowledgement Executive Summary CHAPTER NAME Page No. Chapter: 1 Introduction 1-3 1.1 Background of the Study 1 1.2 Objective of the Study 2 1.3 Methodology of the Study 2 1.4 Scope of the Study 2-3 1.5 Limitation of the Study 3 Chapter: 2 An Overview of Jamuna Bank Limited 4-12 2.1 Brief History of Jamuna Bank Limited 4 2.2 Organization Profile 5 2.3 Board of Directors 5-6 2.4 Organizational Structure 6-7 2.5 Vision, Mission, Strategies & Objectives 7-8 2.6 Performance of JBL at a Glance 9 2.7 Branch Profile 10 2.8 Executives & Officers at Jubilee Road Branch 10 2.9 Departmental Structure to serve Banking Services 11 2.10 Existing Services at JBL Jubilee Road Branch 11-12 Chapter: 3 Foreign Exchange Department 13-20 3.1 Introduction 13 3.2 Importance of Foreign Exchange in Economy 13 3.3 Foreign Exchange Regulations Followed by JBL 14 3.4 Foreign Exchange Department at JBL Jubilee Road Branch 14 3.5 Letter of Credit (L/C) 15 3.6 Types of L/C 15-16 3.7 Parties involved in L/C Operation 16-17 3.8 Foreign Accounts of a Bank 17-18 3.9 Documents used in L/C Operation 18-19 3.10 Mechanism of L/C 19-20 Chapter: 4 Import of JBL 21-29 4.1 Introduction 21 4.2 Import regulations followed by the Bank 21 4.3 Methods of Importing 21 4.4 Import Mechanism at JBL Jubilee Road Branch 21-22 4.5 Check list for opening Import L/C 22-23 4.6 Opening Import L/C at JBL Jubilee Road Branch 23-25 4.7 Preparation of L/C by Banker 25 4.8 Transmitting L/C 25 4.9 Amendment 26 4.10 Pre-Shipment Inspection 26 4.11 Presentation of document by Exporter to Negotiating Bank 26-27 4.12 Lodgment of Documents 27-28 4.13 Import Financing 28-29 4.14 Retirement of Documents 29 Chapter: 5 Export of JBL 30-37 5.1 Introduction 30 5.2 Method of Export…

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