Trade finance activities of Export Import Bank of Bangladesh Ltd. (EXIM Bank)

Abstract

Trade finance which represents financial instrument facilitate international trade and commerce. Importers and Exporters can conduct more easily and efficiently with the help of trade finance. Trade finance is a broad phrase that refers to a variety of financial instruments used by banks and other financial institutions to facilitate trade. Foreign exchange in a part of foreign trade. The term “Foreign Exchange” refers to the process of exchanging one country's currency for another at current exchange rates. In foreign exchange markets, currencies are purchased and sold. This report is divide into five chapters. In the 1st chapter I discussed, Introduction Rationale o the study, Objective of the Report. The 2nd Chapter I discussed: Overview of EXIM Bank Limited. History of EXIM Bank Limited. Mission & Vision Statement of Exim Bank, Corporate EXIM Bank Ltd., Goals of EXIM Bank Ltd., Slogan of EXIM Bank Ltd., Corporate Social Responsibilities of EXIM Bank, Operational Areas of EXIM Bank, Core Banking Solution of EXIM Bank, Five Years Financial Performance at a Glance, Corporate Information. Organizational structure of EXIM Bank Limited, Organizational structure of the Mirpur Branch. Basic General Banking, Investment Banking and Foreign Exchange & Trade Finance. Also topic analysis which includes Foreign Exchange, Foreign Exchange Regulations, Export/Import policy and the objectives of Export Import policy, Activities of Foreign Exchange Division, Foreign Trade Department, UCPDC, the objects of UCPDC, INCOTERMS, URC, URR, ACU, SAARC, the requirements of a new importer for getting Import Registration Certificate (IRC), The stepwise procedures/formalities for Import, Letter of Credit. Classifications of L/C, Back to Back L/C (BTB L/C), Different modes of International Trade payments, Bill of Entry, Bill of Lading, Export L/C, Export Finance, Foreign Remittance department. Procedure and precautions to be taken before issue/sale of Foreign currency, FC account. The last chapter of the report Analysis and Findings, discussed Suggestion, Recommendations and Conclusion.