FOREIGN TRADE ACTIVITIES OF DHAKA BANK LIMITED

Abstract

The economic progress of a country is very dependent on the activities of commercial banks. Especially countries like Bangladesh, the development of agriculture, industry, and our economy are very dependent on the sleek operation of the Bank. In this way, we need to confirm the act of this sector is efficient and effective. Dhaka Bank Limited is one of the largest commercial banks in Bangladesh. The main goal of the Bank is to provide customized solutions that are at the core of our Corporate Banking services. Dhaka Bank offers a variety of specialized advisors. Banks play a revolutionary role in managing foreign exchange transactions. This internship report aims to provide a comprehensive review of the field of "Foreign Trade Activities" from Dhaka Bank Limited. Foreign trade operations are one of the significant elements of the bank. This assumes a significant job in the general economy in the nation. The exchange contains the Import and Export area and the outside cash move office containing shipping in and out. In the report, all procedures have been issued with the data needed. All sections and steps are clearly stated. Details of the Letter of credit, namely classification of LC, procedures for opening LCs, types of LCs, the atmosphere of LC payments, required documents, documents examining and sending changes to LCs, why they are needed and when they are needed and filing systems. out of retirement what is the final step of withdrawal and reporting to the BB and also revealing problems related to export procedures. Procedure for getting an ERC by the head of the import & export office. After that, receive the credit letter and notify the LC, the required collection of documents, and also report it to the BB. At the end of the export section, the bank issues the PRC to exporters. Last but not the list, the process of foreign exchange remittances and performance analysis.