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Foreign Exchange Operations of Banks
a. To be Familiar with the Functions of the Organizational setup of Banks in Dealing with Foreign Exchange.
b. To Acquaint Knowledge about the Dealing Room Process of Banks.
c. To Prevent ALM/CFT Risk Management in Foreign Exchange.
a. Foreign Exchange Market Fundamentals: Necessity and Types.
b. Functions of Treasury Front Office, Mid Office, and Back Office.
c. Reconciliation: Nostro, Vostro, Local Currency and Foreign Currency Position.
d. Process in Foreign Exchange Operations: Dealing Room, Taped Conversations, Deal Recording, Stop Loss Orders, Rate Appropriateness, Daily Treasury Risk Report etc.
e. Dealing Environment: Dealing Limits, Stop Loss Limits, After-hours Dealing, Off-Premises Dealing, and Deal Cancel and Amend.
f. Code of Conduct in Dealing Room.
g. ALM/CFT Risk Management in Foreign Exchange: AML Compliance During Transactions, during Establishing and Maintaining Nostro & Vostro Account and during Wire Transfer.
h. Managing Market Risk, Liquidity Risk, Compliance Risk, Reputational and Fraud Risk, Credit Risk, Operational Risk, and Settlement Risk.
i. Risk Management Aspects in Derivatives and New Product Transactions.
j. Product Guidelines of Foreign Exchange Operations: Spot Foreign Exchange, Forward Foreign Exchange, Forex Options, Forex Swaps, Cross Currency Swaps, Interest Rate Swaps and Interest Rate Cap and Collar.
Criteria for Nomination for BIBM Training
a. BIBM member banks can access the online nomination form before forty (40) days of the commencement of programs. BIBM member banks can nominate a maximum number of three (03) participants for a Training Workshop. The maximum number of participants in each Training Workshop is 40. However, if the number of total nominees exceeds the maximum number, a final list of 40 participants will be prepared by the BIBM authority which will be available online five (05) days prior to the commencement of the Training Workshop. Information in regard to rejection of any nomination will be communicated to the concerned bank at least three (03) days before the commencement of the Training Workshop. No participant under the target group/level is allowed to participate in any Training Workshop.
b. As per the decision of the BIBM Governing Board, BIBM Member Banks (except Bangladesh Bank) are required to pay BDT 1700* per day per participant including holidays (if any) as training fees which also include Accommodation, Food, and other miscellaneous expenses. However, for Bangladesh Bank, the fee is BDT 700 per day per participant. All Fees are excluding VAT and Tax.
c. The pay order/bank draft drawn in favor of ‘Bangladesh Institute of Bank Management’ has to be sent at least seven (07) days prior to the commencement of the Training Course/Workshop.
d. The Training for each day will be as follows:
|
Time |
Session |
|
1005-1105 |
1st Session |
|
1105-1125 |
Refreshment |
|
1125-1225 |
2nd Session |
|
1225-1230 |
Break |
|
1230-1330 |
3rd Session |
|
1330-1430 |
Lunch & Prayer Break |
|
1430-1530 |
4th Session |
|
1530-1535 |
Break |
|
1535-1635 |
5th Session |
|
1635 |
Tea & Snacks |
*Subject to change as per the decision of BIBM Governing Board.