Programme in
Management of
Foreign Exchange Business
June 16 – 20, 2015
Coordinators
Dr Jiji T Mathew
Shri R Mahajan
National Institute of Bank Management
Pune, India
Programme in Management of
Foreign Exchange Business
Foreign exchange business and financing international trade offer significant prospects
for banks in the context of the rising importance of India in global trade and finance.
Capital flows to the economy in the form of FDI, FII, ECBs, trade credits, etc. regained
momentum in the last one year due to well synchronized and corrective policy measures
taken by RBI and the Government. Both domestic and foreign investors' outlook for
India's economic growth, foreign trade and investment had improved considerably
under reform friendly and stable government.
These developments along with greater liberalization in exchange regulations, capital
account transactions, latest foreign Trade policy, 2015-20, and reversal of tight policy
measures in the medium term could facilitate greater scope for banks to generate
substantial earnings from trade financing, NRI business, remittances and related forex
transactions. However, market concerns about the pace and timing of increase in US
policy interest rates, Euro zone debt, domestic economic problems could possibly
reemerge and create greater volatility in the Indian forex markets and trade. These
events could complicate the treasury and foreign exchange business operations for
all the players ranging from the banks to foreign investors, corporate borrowers,
exporters and importers. Hence, banks also need to look for better strategies to
hedge and manage currency and interest rate risks.
To enable the concerned executives to effectively deal with the emerging forex business
opportunities and managing the currency risks, the Institute is offering this programme
to provide a good understanding of the operational, regulatory and practical issues
in financing International Trade, LC business, NRI accounts, remittances and Forex
risk management.
The captioned programme will discuss the following topics among others:
Global Financial Market and Trade Scenario; Exchange Rate Outlook; Current
Account and Capital Account Transactions.
Legal, Regulatory and Policy Framework for Foreign Exchange Business: FEMA
Guidelines/Provisions; Role of DGFT, ECGC, FEDAI, ICC, Customs etc.
Latest FTP, 2015-20.
Methods of Payments and Settlements in International Transactions; Trade
Documentation; Risks in International Trade.
Trade Financing: LCs and Guarantees; Export-Import Financing; UCP 600, URC
522 and other latest ICC provisions relating to URDG , ISP, ISBP, INCO terms
etc.
NRI Accounts; FCNR (B) Loans; Inward and Outward Remittances.
FDI and ODI; ECBs and Trade Credits.
Foreign Exchange Markets; Exchange Rate Policy and Mechanism; Exchange Rate
Arithmetic.
Forex Risk Management: Regulatory and Operational issues in booking Forward
Contracts.
Methodology
Classroom lectures will be supplemented with case studies and exercises. Active
participation and experience sharing during the sessions is expected from participants.
Faculty
Apart from NIBM Faculty, practitioners from the RBI, FEDAI and the banking industry
would be invited as Guest Faculty for taking sessions.
Target Group
Junior/Middle level officers from AD category branches/offices dealing with Foreign
Exchange including Trade Finance, NRI accounts, remittances etc.; and Officers from
international Banking Division handling internal forex policy, correspondent banking,
risk monitoring, etc.
Programme Coordinators
Dr Jiji T Mathew
Shri R Mahajan
Dates
June 16 – 20, 2015
The programme will commence at 9.00 am on June 16 and will conclude by the evening
of June 20, 2015. The participants are requested to report at NIBM Campus by the
evening June 15, 2015.
Venue
NIBM Campus, Kondhwe Khurd, Pune, INDIA
Programme Fee (per participant)
US $ 2000 for Foreign Participant
Mem. Banks
:
Fee: 35000
ST: 4326*
Fee+ST: 39326
Non-Mem. Banks :
Fee: 41000
ST: 5068*
Fee+ST: 46068
* Service Tax rate is subject to change to 14% as and when made applicable.
TDS: 3500
TDS: 4100
Please see the enclosed sheet for Programme Fee details and Mode of Remittance.
The Pune City Route Map is also enclosed for local conveyance.
Hostel Accommodation
The Programme is fully residential. Participants will be provided well furnished single
room AC accommodation in the Institute's hostel complex on the Campus. However,
they will not be permitted to bring their family members to stay on the campus. In
case any Officer/Executive with physical/medical disability is being nominated,
kindly inform us in advance with particulars of disability to facilitate necessary
arrangements.
The Institute has facilities for outdoor and indoor games and a large walking/jogging
trail for physical fitness besides a yoga centre. Participants are, therefore, encouraged
to bring the appropriate clothes/gears.
Nominations and Enquiries
Please address your enquiries and nominations along with the fees to:
Dr Jiji T Mathew
Shri R Mahajan
Programme Coordinators
National Institute of Bank Management
NIBM Post Office, Kondhwe Khurd
Pune 411 048 (INDIA)
Telephone
Fax
E-mail
Website
:
:
:
:
0091-20-26716000 (EPABX), 26716266, 26716392 (Direct)
0091-20-26834478
[email protected], [email protected]
www.nibmindia.org
Last Date for Receiving Nominations: June 6, 2015
Last Date for Availing Early Bird Incentive: June 1, 2015
Transport Facilities at Pune
Prepaid Taxi/Auto services are now available at the Pune airport/railway station
(16/9 Km. distance from NIBM Campus). As such participants are expected to make
their own transport arrangements at Pune to reach the NIBM Campus. However, if
requested well in advance, NIBM shall arrange for hired transport (to and fro from
the Campus) on actual cost basis.
Programme Fee and Mode of Remittance
(For International/Overseas Participants)
Programme Fee (per participant)
US $ 2000 for foreign participant
Tuition fee: $ 1330
y Bird
l
r
a
E
5%
ve
Incenti
Board & Lodging: $ 450 Service Tax (12.36%): $ 220
Mode of Remittance for Foreign Participants : SWIFT*
1. Name & Address of our Bankers
2. Name of the Account
3. NIBM's Bank Account No.
with Oriental Bank of Commerce
4. Bank's Swift Code
: Oriental Bank of Commerce
C-2, Shop No. 4-5, Bramha Estate
Kondhwe Khurd
Pune 411 048, Maharashtra, India
: National Institute of Bank Management
: 10881041000177
: ORBCINBBFCP
Preferred Currency: US Dollar
Correspondent Bank of
Oriental Bank of Commerce
: CITIBANK N.A.
Oriental Bank of Commerce A/c No. : 36152559
with Correspondent Bank
Swift Code for Citi Bank
: CITIUS33
* Kindly pay an
additional amount
of US$ 8
towards SWIFT
transfer charges
*Payments will be accepted only through electronic mode.
Cheques/DDs/Pay Orders will not be accepted.
Programme Fee and Mode of Remittance
(For International/Overseas Participants)
Programme Fee (per participant)
US $ 2000 for foreign participant
Tuition fee: $ 1330
y Bird
l
r
a
E
5%
ve
Incenti
Board & Lodging: $ 450 Service Tax (12.36%): $ 220
Mode of Remittance for Foreign Participants : SWIFT*
1. Name & Address of our Bankers
2. Name of the Account
3. NIBM's Bank Account No.
with Oriental Bank of Commerce
4. Bank's Swift Code
: Oriental Bank of Commerce
C-2, Shop No. 4-5, Bramha Estate
Kondhwe Khurd
Pune 411 048, Maharashtra, India
: National Institute of Bank Management
: 10881041000177
: ORBCINBBFCP
Preferred Currency: US Dollar
Correspondent Bank of
Oriental Bank of Commerce
: CITIBANK N.A.
Oriental Bank of Commerce A/c No. : 36152559
with Correspondent Bank
Swift Code for Citi Bank
: CITIUS33
* Kindly pay an
additional amount
of US$ 8
towards SWIFT
transfer charges
*Payments will be accepted only through electronic mode.
Cheques/DDs/Pay Orders will not be accepted.
The fee includes the cost of tuition, board and lodging facilities,
teaching material, etc.
For all electronic remittances, kindly send a confirmatory e-mail at:
[email protected] giving details of the remitter and
participant, title, dates of programme, remitting bank, country and
date.
The fee includes the cost of tuition, board and lodging facilities,
teaching material, etc.
For all electronic remittances, kindly send a confirmatory e-mail at:
[email protected] giving details of the remitter and
participant, title, dates of programme, remitting bank, country and
date.
An early bird incentive of 5% on tuition fee will be given if
registered 15 days before the start of the Programme as follows.
An early bird incentive of 5% on tuition fee will be given if
registered 15 days before the start of the Programme as follows.
US $ 1925 for foreign participant
Tuition fee: $ 1263 Board & Lodging: $ 450 Service Tax (12.36%): $ 212
Please see overleaf for the Pune City Route Map for your local conveyance
US $ 1925 for foreign participant
Tuition fee: $ 1263
Board & Lodging: $ 450 Service Tax (12.36%): $ 212
Please see overleaf for the Pune City Route Map for your local conveyance
Programme Fee and Mode of Remittance
Programme Fee and Mode of Remittance
Programme Fee* (per participant)
Programme Fee* (per participant)
Mem. Banks
: Fee: 35000 ST: 4326
Non-Mem. Banks : Fee: 41000 ST: 5068
Coop. Banks
: Fee: 38000 ST: 4697
Fee+ST: 39326
Fee+ST: 46068
Fee+ST: 42697
TDS: 3500
TDS: 4100
TDS: 3800
Mem. Banks
: Fee: 35000 ST: 4326
Non-Mem. Banks : Fee: 41000 ST: 5068
Coop. Banks
: Fee: 38000 ST: 4697
Fee+ST: 39326
Fee+ST: 46068
Fee+ST: 42697
TDS: 3500
TDS: 4100
TDS: 3800
The fee includes the cost of tuition, board and lodging facilities, teaching
material, etc. The fee may preferably be transferred by RTGS/NEFT/ECS to our
Current A/c No. 20002400021 with Bank of Maharashtra, NIBM branch, Pune
(IFSC Code MAHB0001124). NIBM PAN No. AAATN0040P and ST No.
AAATN0040PST001. (*TDS @ 10% and Service Tax @ 12.36%. Kindly send the
TDS Certificate on priority to NIBM).
The fee includes the cost of tuition, board and lodging facilities, teaching
material, etc. The fee may preferably be transferred by RTGS/NEFT/ECS to our
Current A/c No. 20002400021 with Bank of Maharashtra, NIBM branch, Pune
(IFSC Code MAHB0001124). NIBM PAN No. AAATN0040P and ST No.
AAATN0040PST001. (*TDS @ 10% and Service Tax @ 12.36%. Kindly send the
TDS Certificate on priority to NIBM).
Payment of Service Tax: Vide Circular No. F No.341/34/2010-TRU dated March
31, 2011 issued by Department of Revenue, Ministry of Finance, Government of
India, the liability to pay service tax arises on the date of receipt or raising of the
bill whichever is earlier. The raising of the bill occurs when the nominated
officer reports at NIBM/venue for the programme. In view of this, please ensure
that the training programme fees are remitted to NIBM in advance or the officer
nominated tenders the fees by cheque/DD at the time of reporting for the training,
so that NIBM need not draw from its resources for meeting the service tax
liability of every month.
Payment of Service Tax: Vide Circular No. F No.341/34/2010-TRU dated March
31, 2011 issued by Department of Revenue, Ministry of Finance, Government of
India, the liability to pay service tax arises on the date of receipt or raising of the
bill whichever is earlier. The raising of the bill occurs when the nominated
officer reports at NIBM/venue for the programme. In view of this, please ensure
that the training programme fees are remitted to NIBM in advance or the officer
nominated tenders the fees by cheque/DD at the time of reporting for the training,
so that NIBM need not draw from its resources for meeting the service tax
liability of every month.
For all electronic remittances, kindly send a confirmatory e-mail at:
[email protected] giving details of the remitter and participant, title,
dates of programme, remitting bank, country and date.
For all electronic remittances, kindly send a confirmatory e-mail at:
[email protected] giving details of the remitter and participant, title,
dates of programme, remitting bank, country and date.
In case, fee is remitted by demand draft, it should be made in favour of ‘National
Institute of Bank Management’, drawn on any bank and payable at Pune, India.
In case, fee is remitted by demand draft, it should be made in favour of ‘National
Institute of Bank Management’, drawn on any bank and payable at Pune, India.
5% Early Bird
Incentive
5% Early Bird
Incentive
An early bird incentive of 5% will be given if registered
15 days before the start of the Programme as follows.
Mem. Banks
: Fee: 33250 ST: 4110
Non-Mem. Banks : Fee: 38950 ST: 4814
Coop. Banks
: Fee: 36100 ST: 4462
Fee+ST: 37360
Fee+ST: 43764
Fee+ST: 40562
TDS: 3325
TDS: 3895
TDS: 3610
Please see overleaf for the Pune City Route Map for your local conveyance
An early bird incentive of 5% will be given if registered
15 days before the start of the Programme as follows.
Mem. Banks
: Fee: 33250 ST: 4110
Non-Mem. Banks : Fee: 38950 ST: 4814
Coop. Banks
: Fee: 36100 ST: 4462
Fee+ST: 37360
Fee+ST: 43764
Fee+ST: 40562
TDS: 3325
TDS: 3895
TDS: 3610
Please see overleaf for the Pune City Route Map for your local conveyance
NIBM Route Map
NIBM Route Map
National Institute of Bank Management
National Institute of Bank Management
NIBM Road, NIBM Campus, Kondhwe Khurd
Pune 411 048, INDIA
Telephone: 0091-20-26716000 (EPABX)
Hostel Nos.: 26716280, 26716295
Website:www.nibmindia.org
NIBM Road, NIBM Campus, Kondhwe Khurd
Pune 411 048, INDIA
Telephone: 0091-20-26716000 (EPABX)
Hostel Nos.: 26716280, 26716295
Website:www.nibmindia.org