1 ) 1 Survey Origin
As a mandatory requirement of the Bachelor of the Business Government (BBA) system below School of Business for Independent University or college this survey entitled вЂ“ " Evaluation of International Inward and Outward Remittance under regional currency accounts of HSBC. вЂќ -- is a connived depiction of the three month long internships program on the Foreign Remittance Department in HongKong and Shanghai Banking Corporation Limited. The organization attachment started about February 01, 2006 and finished on April thirty-one, 2006. My organization director Mr Fuad Yusuf Khan (Manager, Motijhil Booth, HSBC) assigned me the topic of the word paper & my institution supervisor in Independent University Mrs. Sardana Islam, duly approved this. The record will definitely identify how the corporate world works and how the Remittance happen to be approved and disbursed; and definitely will help to apply theoretical knowledge in the functional life. 1 ) 2 Backdrop of the study:
Hong Kong and Shanghai Banking Firm (HSBC), Bangladesh were one of the most diversified banking service providers in Bangladesh, because they had several products and services to get the customers. HSBC was always in the lookout for various economic opportunities. To this end, HSBC is usually intending to introduce new products and services of Payment and Cash Managing for the corporate clients to serve all of them more efficiently & also they were intending to find what they had been lacking in Payment & Money Management services 1 . three or more Objective from the study:
The uses of this statement cognates the internship purpose. The internship objective was to gather sensible knowledge and experience from the corporate office with the close approximation towards the business firm and the experts who are leading and making ideal decisions to improve the growth of the financial institution. To this regard this kind of report can be contemplating the ability and encounter accumulated via internship system. With the established guidelines and proposal by the School of Business of Independent College or university and with the kind advice of both the Corporation and Internships Supervisor this kind of report include an organization portion and task management part. The top objective with the organization component is:
To present an overview and brief intro of HongKong and Shanghai in china Banking Organization Ltd. The particular objectives of the project part are:
вћў To depict the Foreign procedures by NSC, HSBC Financial institution Ltd, Motijheel branch. вћў To know deeply about Import, Export and Remittance.
вћў To learn regarding the procedure of handling Inward & Outward Remittances simply by NSC, HSBC. вћў To create analysis of Inward & Outward Remittances through HSBC. 1 . a few Scope
The scope of this report is limited to literature review (consisting of banking environment of Bangladesh, overview of HSBC group and overview of HSBC Bangladesh), summary of Network Assistance Centre (NSC), foreign facing outward and inward remittance, its analysis and recommendation. In the main report I discussed about the activities of Network Services Centre (NSC) of HSBC Bank Limited at its Motijheel office. My spouse and i also reviewed about foreign inward and outward remittance in detail. I actually made a great analysis of Foreign Inward and Facing outward Remittances below local forex account of HSBC. Overseas inward and outward remittances under foreign exchange account are excluded due to simplicity and restriction about data collection. Foreign remittances against Transfer and Foreign trade are omitted. 1 . four Methodology
Both primary and also the secondary type of information was used to prepare the report. The details of these options are highlighted below.
1 ) 4. you Primary Resources
Major options for primary details were discussions with Mister. A. Big t. M Afsaruzzaman Assistant Expert, HSBC and Other assistant officials at NSC, Motijheel Branch. 1 . 4. 2 Extra Sources
Sources of secondary info can be defined as:
Bangladesh bank return...