In depth knowledge about Prime Bank’s foreign exchange department

Abstract

This report aims toward providing an overview on Foreign Exchange department of Prime Bank Limited. The report is prepared within the broader framework of Internship Program of the Department of B.B.S, BRAC University. I have chosen an important topic of banking system, the Foreign Exchange Operation. While preparing this report it has been tried to reveal the insights of the functions of Foreign Exchange Department. Simultaneously efforts have been made to provide an in depth knowledge about the Trade Finance mechanism and the overall activities of Foreign Exchange Department. And a few recommendations and suggestions were also prescribed based on the observation and findings. While discussing the different aspects and functions of the bank, priority has been given to depict the real situation as far as appraisal and management system in Prime Bank Ltd. are concerned by employing the experience gathered during the internship program. At the same time for easier understanding of the report, an overview of prime bank, supporting topics and terms are explained in light of textbooks and regulatory guidelines. The objectives, vision, mission, management and overall performance of Prime Bank Limited are included in this report to state a clear understanding about the bank. Different sections of Foreign exchange department and the details of its functions are explained here. Simultaneously analysis on the foreign exchange and all of its elements has also been done. Utmost care has been given to explain all necessary aspects related to the subject matter for easier and quick understanding of the report.