Programme in Management of Foreign Exchange Business

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2 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, , 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, 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.

3 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, The participants are requested to report at NIBM Campus by the evening June 15, Venue NIBM Campus, Kondhwe Khurd, Pune, INDIA Programme Fee (per participant) US $ 2000 for Foreign Participant Mem. Banks : Fee: ST: 4326* Fee+ST: TDS: 3500 Non-Mem. Banks : Fee: ST: 5068* Fee+ST: TDS: 4100 * Service Tax rate is subject to change to 14% as and when made applicable. 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.

4 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 (INDIA) Telephone : (EPABX), , (Direct) Fax : jiji@nibmindia.org, mahajan@nibmindia.org Website : 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.

5 Programme Fee and Mode of Remittance (For International/Overseas Participants) Programme Fee (per participant) US $ 2000 for foreign participant Tuition fee: $ 1330 Board & Lodging: $ 450 Service Tax (12.36%): $ 220 Mode of Remittance for Foreign Participants : SWIFT* 1. Name & Address of our Bankers : Oriental Bank of Commerce C-2, Shop No. 4-5, Bramha Estate Kondhwe Khurd Pune , Maharashtra, India 2. Name of the Account : National Institute of Bank Management 3. NIBM's Bank Account No. : with Oriental Bank of Commerce 4. Bank's Swift Code : ORBCINBBFCP Preferred Currency: US Dollar Correspondent Bank of : CITIBANK N.A. Oriental Bank of Commerce Oriental Bank of Commerce A/c No. : with Correspondent Bank Swift Code for Citi Bank : CITIUS33 5% Early Bird Incentive * 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 at: accounts@nibmindia.org 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. US $ 1925 for foreign participant Tuition fee: $ 1263 Board & Lodging: $ 450 Service Tax (12.36%): $ 212

6 Programme Fee and Mode of Remittance Programme Fee* (per participant) Mem. Banks : Fee: ST: 4326 Fee+ST: TDS: 3500 Non-Mem. Banks : Fee: ST: 5068 Fee+ST: TDS: 4100 Coop. Banks : Fee: ST: 4697 Fee+ST: 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 with Bank of Maharashtra, NIBM branch, Pune (IFSC Code MAHB ). NIBM PAN No. AAATN0040P and ST No. AAATN0040PST % and Service 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. For all electronic remittances, kindly send a confirmatory at: accounts@nibmindia.org 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. 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: ST: 4110 Fee+ST: TDS: 3325 Non-Mem. Banks : Fee: ST: 4814 Fee+ST: TDS: 3895 Coop. Banks : Fee: ST: 4462 Fee+ST: TDS: 3610

7 NIBM Route Map National Institute of Bank Management NIBM Road, NIBM Campus, Kondhwe Khurd Pune , INDIA Telephone: (EPABX) Hostel Nos.: , Website: