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Foreign Exchange Transactions

KESDEE Inc

Summary

Price
£37.59 inc VAT
Study method
Online
Duration
1 hour · Self-paced
Qualification
No formal qualification

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Overview

This e-learning course on BBM - Foreign Exchange Operations is designed to help users understand foreign exchange operations of a bank. Further, the course discusses in detail FEDAI rules relating to forex transactions, a procedure in case of issue and encashment of traveler's cheques and foreign currency notes.

Description

  • Foreign exchange functions in a bank branch
  • The concept of correspondent banking
  • Different instruments of international money transfers
  • The rules for foreign contributions
  • FEDAI rules relating to forex transactions
  • Procedure in case of issue and encashment of travelers cheques foreign currency notes
  • Factoring, forfaiting, and forward contracts

This course provides an understanding of:

  • How to calculate buying and selling rates for telegraphic transfer (TT) and bill transactions
  • The various factors determining forward margin
  • The implication of premium and discount
  • The procedure of recovery of interest
  • Factoring, forfeiting, and forward contracts

Who is this course for?

Dynamic, Interactive e-learning

Questions and answers

No questions or answers found containing ''.

Laya asked:

Hello..I am a MBA holder in India,came to Uk as tier 2 dependent.Can I able to do this course?

Answer:

Hello Laya, Thank you very much for your interest in KESDEE e-Learning. KESDEE is a financial e-learning (online learning) company providing solutions to the global finance professionals. Yes, you can do this course since all KESDEE's e-Learning courses are accessible 24X7, over Internet from any part of the world. Best Regards, KESDEE Support Team

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

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An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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