Fundamentals Of International Banking

The book introduces the reader to the exciting and challenging world of international banking – from the basics to the more advanced concepts in foreign exchange business. Each concept has been introduced in a lucid manner supplemented by illustrations and easy-to-understand examples. The book provides a distinctive blend of theory and practice, the theoretical aspects being supplemented by and illustrated through their practical applications. This book also acquaints the reader with several essential but rarely discussed areas of international banking and provides unique perspectives relating to supposedly familiar topics. Indeed, this book is a must-read for everyone having anything to do with international banking and foreign exchange business. Salient Features · The book outlines the evolution of the international finance scenario, operational aspects and policy issues of international banking, foreign exchange and risk management as well as instruments of international finance. · Nostro, Vostro, mirror accounts, transaction pricing and cost control, remittances, collections, treasury, dealing room operations and exchange rate mechanism have been discussed in detail and richly illustrated. Unique perspectives on all these subjects, certain practical tips and tricks of the trade add great value to the contents of the book. · Includes individual chapters on reconciliation of Nostro accounts, correspondent banking, swaps, forward contracts, futures and options, derivatives, LCs and trade finance; supplemented by a knowledge-bank of definitions, short notes and introductions to matters of topical interest.