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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: International Banking & Foreign Exchange Management
Internal Assignment Applicable for June 2019 Examination
Assignment Marks: 30
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1. Firm ABC Ltd was a small firm engaged in export import business. In order to facilitate
making and receiving payments pertaining to foreign trade in foreign currency the firm
wanted to understand if it was possible to have an account that can be denominated in

foreign currency. The firm asked his manager to prepare report on the different cases
where foreign currency account may be required/opened by firm/individual. Also highlight
the relevance or benefit of such an account. (10 Marks)
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2. Alpha ltd was a small firm and used to make goods and export it to Japan. Due to lot of
competition in the market firm had to provide longer credit period to clients. The time lag
between export of goods and realization of payment made it difficult for the firm to start
new production. If you are the finance manger of the firm, provide information to the firm
regarding different sources through which firm can avail credit after shipping the goods
and before the realization of export proceeds. (10 Marks)
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3. Amit and seven more management trainees had recently joined the treasury department of
the bank which dealt with buying and selling of foreign currencies. Since the main activity
of the dealing room was to provide rates for currency transactions, head of the dealing
room had organized a small training for the new joinees in order to make sure that they
understood their work profile well.
a. Prepare training material for major functions of the foreign exchange dealing room.
(5 Marks)
b. Also prepare the training material for the process through which the interbank deal is
concluded. (5 Marks)