FOREIGN EXCHANGE AND FINANCING OF FOREIGN TRADE

The Maharaja Sayajirao University of Baroda
Vadodara, Gujarat, India

Course Format: Classroom | E-learning | Virtual Class | Online/Live | On-site/In-house | Blended | Self-paced

Course Description:

'' UNIT - I Concept of foreign exchange, principles of foreign exchange; foreign exchange markets, Euro-currency markets.
Instruments of international remittance; T.T., M.T. Drafts, T.C. foreign currency bills of exchange, letters of credit, tested telex and fax, custodial services.
UNIT - II
Foreign exchange transactions of commercial banks; buying and selling, spot and forward : real factors responsible for foreign exchange transactions.
Foreign exchange quotations : types, direct and indirect, spot and forward, buying and selling.
Process of calculating foreign exchange quotations by banks : use of maxims and the principle of valuer compensee in calculation of quotations.
UNIT - III
Foreign exchange dealings of banks : need, mechanism and techniques, exchange, cash and account positions of a bank.
Over bought and over sold positions of a bank and cover operations; Functions of foreign exchange dealer of a bank.
Correspondent bank relationships and accounting mechanism between bank offices : Nostro, Vostro and Loro accounts.
Financing of foreign trade by banks : terms and documents.
UNIT - IV
Financing of exports by banks : pre-shipment credit and post-shipment credit.
Financing of imports : bills discounting and letters of credit; parties, procedure, types and features.
Convertibility of rupee on current and capital accounts.
The foreign exchange regulation and management.
...''

Elements of this syllabus are subject to change.

Phone:+91-265-2795600

School Address/Venue(s):

The M. S. University of Baroda, Vadodara, Gujarat, India.

Jobs & Resumes: Vadodara
Houses & Roommates: Vadodara

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