Report on Foreign Remittance
Introduction
1.1 Report Origin As a mandatory requirement of the Bachelor of the Business Administration (BBA) program under School of Business at Independent University this report entitled – “Analysis of Foreign Inward and Outward Remittance under local currency account of HSBC.” - is a connived depiction of the three month long internship program at the Foreign Remittance Department in HongKong and Shanghai Banking Corporation Ltd. The organization attachment started on February 01, 2006 and finished on April 31, 2006. My organization supervisor Mr Fuad Yusuf Khan (Manager, Motijhil Booth, HSBC) assigned me the topic of the term paper & my institution supervisor at Independent University Mrs. Sardana Islam, duly approved it. The report will definitely identify how the corporate world really works and how the Remittance are approved and disbursed; and will help to apply theoretical knowledge in the practical life.
1.2 Background of the study: Hong Kong and Shanghai Banking Corporation (HSBC), Bangladesh were the most diversified banking service providers in Bangladesh, as they had various products and services for the customers. HSBC was always in the lookout for various financial opportunities. Towards this end, HSBC is intending to introduce new products and services of Payment and Cash Management for the corporate clients to serve them more efficiently & also they were intending to find what they were lacking in Payment & Cash Management services
1.3 Objective of the study: The purposes of this report cognates the internship purpose. The internship objective was to gather practical knowledge and experience of the corporate working environment with the close approximation to the business firm and the experts who are leading and making strategic decisions to enhance the growth of a financial institution. To this regard this report is contemplating the knowledge and experience accumulated from internship program. With the set guidelines and
1.1 Report Origin As a mandatory requirement of the Bachelor of the Business Administration (BBA) program under School of Business at Independent University this report entitled – “Analysis of Foreign Inward and Outward Remittance under local currency account of HSBC.” - is a connived depiction of the three month long internship program at the Foreign Remittance Department in HongKong and Shanghai Banking Corporation Ltd. The organization attachment started on February 01, 2006 and finished on April 31, 2006. My organization supervisor Mr Fuad Yusuf Khan (Manager, Motijhil Booth, HSBC) assigned me the topic of the term paper & my institution supervisor at Independent University Mrs. Sardana Islam, duly approved it. The report will definitely identify how the corporate world really works and how the Remittance are approved and disbursed; and will help to apply theoretical knowledge in the practical life.
1.2 Background of the study: Hong Kong and Shanghai Banking Corporation (HSBC), Bangladesh were the most diversified banking service providers in Bangladesh, as they had various products and services for the customers. HSBC was always in the lookout for various financial opportunities. Towards this end, HSBC is intending to introduce new products and services of Payment and Cash Management for the corporate clients to serve them more efficiently & also they were intending to find what they were lacking in Payment & Cash Management services
1.3 Objective of the study: The purposes of this report cognates the internship purpose. The internship objective was to gather practical knowledge and experience of the corporate working environment with the close approximation to the business firm and the experts who are leading and making strategic decisions to enhance the growth of a financial institution. To this regard this report is contemplating the knowledge and experience accumulated from internship program. With the set guidelines and