Internship Report On “Foreign Trade Activities in Bank Asia Ltd”

Abstract

The financial advancement of a nation depends generally on the exercises of business Banks. Particularly a nation like Bangladesh, our agrarian, modern and monetary advancements are especially relying upon smooth activity of Banks. Along these lines, we should guarantee the proficient and powerful execution of this part. In Bangladesh the Bank Asia Limited is one of the leading banks among others. The primary goal of the Bank is to give all of managing an account administration at the doorsteps of the general population. The bank assumes a spearheading job in taking care of Foreign trade exchanges. This internship report is gone for giving an extensive picture to the zones of "Foreign Exchange Activities" of Bank Asia Limited. Foreign exchange task is one of the critical elements of the bank. Foreign exchange holds the Import & the Export area and foreign remittance division holds the inwards & the outwards remittance. Every one of the statements and steps are unmistakably said. The insights about Letter of credit such as arrangement of letter of credit, letter of credit opening method, kinds of letter of credit, letter of credit installments inclinations, necessary reports, records checking and transmitting letter of credit amendment, why it is necessary and when it will be required and the lodgment framework. At the point when record is going out resign what the final advance of retirement and reports to the Bangladesh Bank. And furthermore, reveal the issue about fare system. The strategy started to receive the ERC by boss controller of the import and the fare office. From that point forward, accepting the letter of credit and prompting letter of credit, essential archive accumulation and furthermore reports to the Bangladesh Bank. Toward the finish of fare area, bank will issue the PRC for the exporter. Last yet not the rundown, the foreign exchange remittance process and execution investigation.