An overview on problems in handling day to day foreign trade transaction in Al‐ ArafahIslami Bank Ltd and solutions there of

Abstract

Bank is a good Industry for varieties of Financial Transaction.Good Banking Performance can make a huge difference for a country. Foreign Trade is a Major Business activity which is done in very systematic way byAl‐ArafahIslami Bank Limited. Al‐ArafahIslami Bank Limited is scheduled commercial bank registered by the Bangladesh Bank. The functions of the bank cover a wide range of banking and functional activities in order to folks, businesses, company bodies and also other multinational firms. The main objective of the study is to give “An Overview on Problems in Handling Day to Day Foreign Trade Transaction in Al‐ArafahIslami Bank Ltd and Solutions There of”. The working report stands for foreign trade activities in Al‐ArafahIslami Bank ltd. Foreign Trade operations is amongst the substantial functions with the bank. The idea plays a significant purpose in total economic system with the land. Foreign trading contains Import,Export and foreign remittance department contains inward and outwards remittance. . From the beginning with the report, the whole international tradingactions in relation to export along with Import has been described. All of the clauses along with steps tend to be plainly talked about with this report. The facts concerning Notice of credit when i.e at the class of L/C, L/C launching procedure,varieties of L/C, L/C installments moods, needed files, files examining, sending L/C, concerning pre‐shipment check up if it is necessary. The treatment will begin from getting the ERC (Export registration certificate) by chief controller of import & export office.