Central trade operation practice: a report on Meghna Bank Limited

Abstract

I have prepared this report based on my three-month practical experience at Meghna Bank Limited. This internship program helped me to learn about the practical scenario of the banking sector. A fourth generation Bank, Meghna Bank Limited commenced its operation from May 09, 2013 .This report has been presented based on my observation and experience gathered from the bank. The bank has many divisions and departments but the focus is given more on the Central Trade Operation Department of this bank. This report mentions about the overall opening and processing procedures of the import and export Letter of Credits. I have made a in-depth analysis of the opening and processing procedures of all the foreign and local Letter of Credits. Mainly, I worked with all the foreign letter of credits and its processing. In addition to that I have considered following analysis: the opening and processing procedures of the local letter of credits and the processing of the foreign document bill for collection and the foreign documents for bill purchases. However, I have done the analysis based on the information collected from the practical desk work and articles and brochures provided by the Bangladesh Bank. Finally I tried to give some recommendations for Meghna Bank Limited.