About the Book
The book is divided into four modules. The first module covers extensively various aspects of International Banking – focusing on the recent changes in the functioning of these banks along with the gradual evolving of the global monetary system during the last six decades. The second module deals with the dynamic global foreign exchange and money markets with particular reference to the Indian markets. The third module covers, inter alia, the various methods through which export and import transactions can be financed, and elaborates on the institutions which are involved in such financing and in providing insurance cover. The last module dwells with the derivative transactions for hedging risks from currency exposures.
The book has been structured primarily keeping in view the needs of those bank officials who intend to appear for optional paper on International Banking for the CAIIB qualification. However, the book will also be of interest to those who would like to have a view of the entire gamut of international banking – the risks and the challenges in today's liberalised global markets.
Indian Institute of Banking & Finance (IIBF) formerly The Indian Institute of Bankers, established in 1928, is a professional body of banks, financial institutions and their employees in India. During its 82 years of service, IIBF has emerged as a premier institute in banking and finance education for those employed in the sector, aiming for professional excellence. Since its inception, the Institute has awarded over 5 lakh banking and finance qualifications, viz; JAIIB, CAIIB, Diplomas and Certificates in specialized areas. The pedagogy of Distance Learning offered by the Institute comprises (i) publishing specific courseware for each paper/examination; (ii) publishing work books; (iii) holding tutorials through accredited institutions; (iv) organizing contact classes; (v) conducting virtual classes; (vi) offering e-learning through portal; (vii) organizing campus training for selected courses, etc.
MODULE A: INTERNATIONAL BANKING & FINANCE • Global Trends And Developments In International Banking • International Financial Centres, Offshore Banking Units, Sezs • Profitability Of International Banking Operations • Correspondent Banking And Inter-Bank Banking • Investment Banking, Wholesale Banking, Retail Banking, Merchant Banking • International Financial Institutions: IMF, IBRD, BIS, IFC, ADB • Legal And Regulatory Aspects • Risk Management • Operations Of Foreign Branches Of Indian Banks • Fundamental Principles Of Lending To MNCs, Monitoring, Legal Aspects And Documentation • International Credit Rating Agencies And Rating Criteria • Raising Resources • Project Finance • MODULE B: FOREIGN EXCHANGE BUSINESS • Foreign Exchange Management Act (FEMA) And Its Philosophy • Different Types Of Exchange Rates • NRI (Non-Resdident Indian) Customers And Various Banking And Investment Products • Remittance Facilities •
MODULE C: INTERNATIONAL TRADE • Various Aspects Of International Trade, Government Policies, DGFT And Their Schemes, Customs Procedures, Bank’s Role In Implementing These Policies And Schemes • Laws Governing Trade Finance Viz, FEMA, Niact, Indian Stamp Act, Exim Policy, RBI/FEDAI Guidelines • Role Of Banks, Including Exim Bank, In Financing Foreign Trade, Various Facilities To Exporters And Importers Including Projects Finance, Forfaiting And Factoring • Risks Involved In Foreign Trade Finance: Country Risk, Currency Risk, Exchange Risk, Legal Risk Etc, Role Of ECGC •
MODULE D: DERIVATIVES • Treasury Operations Of Banks And Corporates • Forex Derivatives • Indian Currency Futures Market