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Library Overview

This e-learning course on BBM - Foreign Exchange Operations is designed to help users understand foreign exchange operations of a bank. Further, the course discusses in detail FEDAI rules relating to forex transactions, procedure in case of issue and encashment of travelers cheques and foreign currency notes.

Learning Objective

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

Target Audience

Those who are interested in understanding the foreign exchange operations of a bank.

1. Foreign Exchange Remittance-I

This course provides an understanding of:

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

Duration: 1 hour

2. Foreign Exchange Remittance-II

This course provides an understanding of:

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

Duration: 1 hour

3. Foreign Exchange Transactions

This course provides an understanding of:

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

Duration: 1 hour