Certificate Course in Foreign Exchange Operations Practice Exam
Certificate Course in Foreign Exchange Operations
About Certificate Course in Foreign Exchange Operations
The objective of the Certificate Course in Foreign Exchange Operations Exam is to make the bank officials familiar with Foreign Exchange operations. This exam is being introduced pursuant to the recommendation of a committee of RBI.
Target Audience
The Certificate Course in Foreign Exchange Operations Exam is suitable for employees working with Authorized Dealer (AD) Member Banks of FEDAI.
Course Structure
1. FEDAI Role and Rules
• Foreign Exchange Rates and Risk Management
• Code of Conduct, Ethics/ Compliance, Corporate Governance
2. Regulatory Requirements under FEMA for Resident/ Non-resident Individuals
• Remittance Facilities under LRS
• Other Remittance Facilities for Resident Indians/ others
• Various foreign currency accounts in India/ abroad
• Acquisition of Assets, Immovable properties outside India, including investments in securities abroad
• Remittance of Assets
• Facilities for Non-resident Indians – Deposits Accounts, Investments, Borrowing etc.
3. Regulatory Requirements under FEMA for Resident/ Non-resident Entities
• Import of Goods & Services and other non-import remittance
• External commercial borrowing
• Export of goods and services
• Investments outside India
• Investments in India by non-resident Corporates/ FPIs/ Others Entities
• Establishments of LO/ BO/ PO in India by foreign entities
4. Documentary Credits & Standby Credits
• ICC guidelines pertaining to INCOTERMS 2010, URC 522
• UCP 600, eUCP version 1.1
• ISBP - ICC PUB. 745, URBO - ICC PUB. 750, URDG 758
• DOCDEX Rules - ICC PUB.872
5. Export Finance
• Various finance available by way for Pre-shipment/ Post-shipment finance in Rupees and Foreign Currency
• International Factoring, Forfaiting
• Export Credit Guarantee Corporation (ECGC)
6. Foreign Trade Policy (FTP) 2015-20
• Various policy issues with specific relevance to AD Banks with latest updation
Exam Pattern
- Exam Name: Certificate Course in Foreign Exchange Operations Exam
- Number of Questions: 100
- Length of Time: 2 Hours
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