FUNDAMENTALS OF INTERNATIONAL BANKING

The programme covers the entire gamut of foreign exchange business. It provides and insight into the mechanisms of international remittances, the NY clearing systems, CHIPS, CHAPS, the rules for 'collection' and 'immediate deposits', how Nostro & Vostro accounts work, correspondent banking, exchange rate mechanism, various definitions, cross-rates, forward contracts, swaps, options, trade finance options, the untold story about transaction pricing and methods for profit maximisation. Very useful for everyone who wants to have an in-depth understanding of the mechanisms of international banking business.

COURSE CONTENT:

Mechanics of international banking

Remittance techniques

Correspondent banking

Clean instruments

Pricing of products and services, cost control

Reconciliation of Nostro accounts

Exchange rate mechanism, definitions, structures,

Exchange profit calculation

Dealing room and Treasury operations

Forward contracts, Swaps, Futures and Options

RBI and FEDAI guidelines for dealing room operations

Risk management in international banking

Documentary Credit and trade finance: UCP 600, analysis of key clauses, UCP 500 & UCP 600 compared

Financing international trade

Overview of ICC Rules viz., ICC 522, ICC 725, ISBP 681, ISP 98