CHAPTER FIFTEEN

International Banking—Foreign Exchange and Trade Finance

CHAPTER STRUCTURE

Section I Basic Concepts

Section II Inter-Bank Market and FOREX Dealing

Section III Trade Finance—Letters of Credit

Section IV Trade Finance—Financing Indian Exporters

Section V Foreign Currency Loan

Chapter Summary

Test Your Understanding

KEY TAKEAWAYS FROM THE CHAPTER
  • Learn the concept and terms pertaining to international banking.
  • Understand the practical aspects of foreign exchange operations.
  • Know the basics of exchange rates and foreign exchange markets in India.
  • Understand basics of letters of credit.
  • Understand various aspects of trade finance.
IntroductIon

Central banks do not deal with customers who have international banking requirements. ...

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