Mergers & Acquisitions In India
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PROJECT ON :
“HOW FOREX AND TREASURY OPERATIONS HELP EXPORTS IN
INDIA WITH SPECIAL REFERENCE TO BANK OF BARODA”
Summer Project Submission to:
Bank of Baroda
Project Guide:-
Mr. Narayan Swamy ( Chief Manager,BOB,Fertilizernagar )
Mr. A.G.Joshi ( Chief Manager, IBB,BOB )
Mr. R.P. Agarwal ( Senior Manager, IBB,BOB )
Mr. Laxminarayan Iyer ( Manager, GSFC,Fertilizernagar )
Submitted By :-
Pratik Dave (66)
Full Time PGDBM Student
Class 2007
ITM, Kharghar
Navi Mumbai
ACKNOWLEDGEMENT
First, I would like to thank Institute of Technology Management (ITM), Navi Mumbai and our Respected Director Mr. A.K.Das Biswas for summer internship in PGDBM programme which gives us practical exposure in the real corporate world. I also thank Mr. Pankaj Gupta (Placement Coordinator, ITM) and Prof. Bharat Shah (Project Guide) for providing me constant support and guidance throughout project period.
I also thank Bank of Baroda for giving me opportunity to undertake my project in their prestigious organization and special thanks to Mr.K.K.Joshi (Senior Manager, HRM), Miss.Preetibala Demta (Manager, HRM) and Mrs.Shama Desai.
I express my gratitude to International Business Branch (IBB), Bank of Baroda for providing me training related to my project and sharing their valuable knowledge with me, special word of thanks to Mr.A.G.Joshi (Chief Manger, IBB), Mr.R.P.Aggrawal (Senior Manager, IBB), Mr.Srivasatava (Senior Manager, Imports) and Mr.Tarun Rawal (Manager, Exports).
I express my gratefulness to Bank of Baroda, GSFC Branch and special word of thanks to Mr. Narayan Swamy (Chief Manager, GSFC), Mr.LakshmiNarayanan (Manager-Credit, GSFC), Mr.Rekha Agarwal (Manager- Foreign Exchange Operations, GSFC), and Mr.Milind Pawar for giving me their kind support in gaining the knowledge about forex & treasury operations, providing me their priceless guidance and allotting their precious time for me.
I am also thankful to Mr. Abdul Zariwala (Manager-Accounts, GSFC) for giving me the feedback regarding services provided by Bank of Baroda & helping to understand the concepts of risk management.
I also thank all employees of Bank of Baroda and all other people who directly or indirectly cooperated to make my project a success.
Guides Certificate
CONTENTS
Executive Summary
Project Outline
PART-I
How Forex Operations Help Exporters
Company Introduction
The Heritage
Offices
Key Business Indicators
Organization of an Authorized Dealer
Organizational Chart of an Authorized Dealer
Introduction
International Trade Transaction & Associated Complexities
Indian Organizations Connected With Export Trade / Finance
Role of a Bank:
International Trade Cycle
Types of Trade Products
Trade Payment Methods
Advance Remittance
Open Account/Direct Remittance
Consignment Sale
Bill for Collection
Letter of Credit
Letter of Credit Mechanism
What is Documentary Credit?
Meaning and Mechanism of Documentary Credits
Significance of Documentary Credits
Format of Documentary Credit Message Transfer
Types of Letter of Credit
Clean Credit
Documentary Credit:
16.2.1
Payment, Acceptance & Negotiating Credits
16.2.2
Revocable & Irrevocable Credit
16.2.3
Confirmed and Unconfirmed Credit
16.2.4
With Recourse & Without Recourse Credits
16.2.5
Back – to – Back Letter of Credit
16.2.6
Transferable Letter of Credit
16.2.7
Red Clause Letter of Credit
Operation of a Letter of Credit
Operative Instrument
Instructions relating to credit
Expiry Dates
Value & Quantity of Goods
Documents to be Tendered
Shipments
Instructions to the Nominated Bank
Responsibilities & Liabilities of Parties
Documents Used in Foreign Trade
Financial Documents