Foreign Exchange Operations

• Foreign exchange functions in a bank branch
• The concept of correspondent banking
• Different instruments of international money transfers
• The rules for foreign contributions
• FEDAI rules relating to forex transactions
• Procedure in case of issue and encashment of travelers' cheques/foreign currency notes
• Factoring, forfaiting, and forward contracts

Bank Branch Management - Foreign Exchange Operations

Foreign Exchange Remittance- I

• The meaning of foreign exchange
• Foreign exchange functions in a bank branch
• The concept of correspondent relation between banks
• Different instruments of international money transfers
• The procedure to be followed in transacting inward and outward

Foreign Exchange Remittance - II

• Non-conventional modes of foreign exchange remittance
• The rules for foreign contributions
• FEDAI rules relating to forex transactions
• The procedure regarding issue and encashment of traveler's cheques
• The procedure of encashment of foreign currency notes
• The rules relating to release of foreign exchange to Indian residents

Foreign Exchange Transactions

• How to calculate buying and selling rates for telegraphic transfer (TT) and bill transactions
• The various factors determining forward margin
• The implication of premium and discount
• The procedure of recovery of interest
• Factoring, forfeiting, and forward contracts

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