Facilities Maintenance Essay Example | Topics and Well Written Essays - 750 words

Facilities Maintenance - Essay Example The facilities maintenance has to estimate the size and area of the facility and the number of facilities established. The preventive maintenance has to be planned on how to address the immediate requirement and the facilities to be installed to meet the needs in requirement. The facilities components life has to estimate to know the performance factors of the individual components. The facilities maintenance has create a periodical review to estimate the robustness of the components and devices to initiate timely renovation process and to keep the facilities well updated. The facilities are to well set to restore the aftermath affect of any disasters. The renovation time has to be reduced to regulate the operational losses due to the sudden incidents occurring in the work station. The probable scale of effect and the restored systems required are to be estimated and has to placed for immediate requirements. The horizon of the responsibilities spreads to an extent to keep the working environment safe, make the employees feel comfort in executing the profiles. Being informative in case of any suspects and externals dangers and responding in no mean time to decrease the impact of the danger. Keeping the facilities of the campus well updated and regular inspections on their working conditions enhance the performance of the facility like the cooling systems, the security systems, the fire equipment services. The visitors can be a form of treat carriers as we cannot predict the dangerous intention. The persons entering into the campus are to be thoroughly checked and are to be send to the reception area only after the concerned person from company is accompanying him. His luggage has to isolated at the campus entrance with restrictions on certain materials and to kept at separate cloak room facility. The work stations should be located at a distant area away from the visitors lounge. The visitors' information has to be recorded for any further clarifications. The surrounding areas of the campuses are to be monitored to avoid any miscreant entering into the campus. The movements of the road side vehicles should be captured to know the traffic discrepancies and any dangerous moves. The vendors and support staff have to be thoroughly checked before allowing them to their shifts. The surrounding areas are to be kept clean to avoid the hidden explosives and harmful material. The staff is to careful monitored to observe their behavior and their movements in the restricted areas. The accessories should be used with care to avoid mishandling and to avoid explosions. The other entry areas like the back doors, kitchen areas, the stores room areas are to monitored for any doubtful transfer of materials. The parking vehicles are to be carefully

Health Care Career Report Essay Example | Topics and Well Written Essays - 500 words

Health Care Career Report - Essay Example In terms of rationale, it can be affirmed that the aforesaid careers have been taken into concern for comparison. It is done in order to obtain an in-depth understanding about the scope of such careers in the future and attain the predetermined objectives of ‘Healthy people 2020. The academic preparation, certifications and credentialing of the career of nutritionists, as well as dietitians, are primarily based on the completion of the program relating to dietetic techniques. The program is approved by, an ascribed education institution (Academy of Nutrition and Dietetics, 2014). In contrast, the academic preparation, certifications and credentialing of epidemiologists as a career can be ascertained as the completion of certain certificate programs. Such programs are like ‘Fellow of the College of Applied Epidemiology (FCAE) and ‘Member of the College of Applied Epidemiology (MCAE) among others (ieph inc., 2004). Finally, the academic preparation, certifications and credentialing of the career of counsellors is identified to be based on the completion of graduation programs. Such programs are particularly related with counselling about health-related subject matters (Trustees of the California State University, 2014). The sites of potential employment of the above discussed three careers can be found to be quite similar. In this regard, the sites may fundamentally include government registered clinical institutions and private nursing homes among others. However, the salary range differs amid these three careers. Notably, on average, health educators earn a salary of $58,553 per year (Salary.com, 2014). Compared to that of nutritionists and dietitians, epidemiologists and counsellors who earn averagely $40,807 (US PayScale, 2014), $65,270 (Bureau of Labor Statistics, 2012), and $43,000 (Indeed, 2014), respectively. In terms of importance of community health, the career of Nutritionist as well as dietitians tends to

Extra Judicial Killing in Bangladesh

Extra Judicial Killing in Bangladesh How interesting it is that in Bangladesh the elite force named as Rapid Action Battalion [RAB] kills the arrested persons by the name of cross-fire and name them the criminals. Extra-judicial, thus the term is used to state the killings. It is called extra judicial because of its type, which works as a process outside the judiciary system of Bangladesh. Farid Ahmed in a non periodical web journal (2010), Such killings are often described in police reports as involving crime suspects who resisted arrests or attacked the police. Many of the victims, human rights groups charge, were killed while in police custody. But in their official statements, police said they were killed in the crossfire during violent incidents in prison facilities. The police were compelled to open fire at those attacking them, they said.  [1]   According to the Human Rights Watch (2006): One of the first publicized RAB killings was of the wanted criminal suspect Pichchi Hannan in Dhaka on August 6, 2004. This is when the era of extra judicial killing has started and still going on. Not only the RAB but also some other armed forces are involved in this kind of activity.  [2]   Whether extrajudicial killing is a myth or is it a reality is the main motive for me to conduct this research. A lot of people are being killed by the armed force, often named as elite force, but is it truly extra judicial killing or is the crossfire the reality, which one is true? We see a lot of incidents addressing the extra-judicial killings everyday when looking at the newspaper. Theres hardly any day with no crossfire news, and thus I think people should be clear about the extra judicial killing matter and to reveal the original fact as I conduct the research. My research will give a clear cut idea about the extra judicial killing and the scenario of our countrys perspective. However, it is often said by the authority and also by the political leaders that these so called extra-judicial killings are only the unfortunate deaths of the suspected criminals in the cross-fire. According to the Bangladesh Media article No extrajudicial executions carried out: RAB DG (2010): The director-general of the RAB, Hasan Mahmud Khandakar, addressing the media at the sixth anniversary of the elite law enforcement body in its headquarters on Sunday, told newsmen, A total of 622 suspected criminals were killed in by the RAB in crossfire across the country in the last six years, including 14 suspected criminals who were killed in the last three months. The RAB chief, however, claimed that no extra-judicial killing was carried out by the battalions personnel in the last six years.  [3]   The issue of extra-judicial killing is one of the big concerns for a country like Bangladesh where the chance of misuse of the theme, under the name of crossfire is highly possible for a 3rd world country like us. The concern of different human right organizations have argued about the extrajudicial killings and raised a lot of questions. My report will reveal whether the extra-judicial killing under the name of crossfire is true or just a myth. The History of Extra Judicial Killing As its name suggest, it is done outside the framework of the judiciary system of Bangladesh, which is the killings of a suspected criminal under the custody of the armed force, often using the term self protection or accusing the suspected criminal to escape; which is a violation of the rule of law. From the very beginning of Bangladeshs birth in 1971, different political parties used their political power to impetus the killings by the armed forces and used these forces in in violation of the law to consolidate power and maintain control. The continuous process started during the time period of BNP led govt. after forming coalition with three smaller parties: Jamaat-e-Islami (which won 4.3 percent), Jatiya Party-Naziur (1.1 percent), and Islamic Okye Jote (0.7 percent) in 0ctober, 2001. After taking power, to fulfill the one election agenda to fight against crime, and to tackle criticism from people, the govt. then deployed fourty thousand military personal to fight crime under the name of Operation Clean Heart. Thousands of people were arrested and at least 50 people were reported to be dead under their custody. Due to the failure of the operation, the government then decided to form an elite force group with a special unit of police with commando training called the Rapid Act ion Team, or RAT, which is now known as Rapid Action Battalion or RAB. As stated by the law, The main tasks of the RAB, according to the law, are to: Provide internal security Conduct intelligence into criminal activity Recover illegal arms Arrest criminals and members of armed gangs Assist other law enforcement agencies Investigate any offense as ordered by the government.  [4]   According to the Asian Human Rights Commission: The army killed 58 people in custody. See Asian Legal Resource Center and Asian Human Rights Commission, Lawless Law-enforcement the Parody of Judiciary in Bangladesh, August 2006.According to the Bangladesh NGO Forum for Secular Bangladesh, the army killed 53 people in custody and physically abused 7,000. See Forum for Secular Bangladesh, Violation of Human Rights by the Coalition Government of Bangladesh, September 2006.  [5]   However, the Operation Clean Heart did not succeed in bringing crime under adequate control, and vigilantism against so-called criminals continued. Hence the special police force proved unsuccessful in combating crime due to the lack of trained professionals, disorganization, and corruption in the force. Structuring from the experience from Operation Clean Heart, the government took steps to give the military a law enforcement role. Then, later on the RAB was created with the motto to fight criminals and reduce crime. According to a human rights lawyer: Critics complained that, rather than building a new crime-fighting force, the government should undertake efforts to reform law enforcement and the courts. Creating RAB, they feared, would undermine the police. With Operation Clean Heart in mind, some worried about using the military for civilian policing. They saw RAB as a way for the government to deploy the army for policing tasks, with one lawyer even calling it martial law in disguise. Other Facts Various human right watchdogs claimed that 1,142 victims have so far been slain in extrajudicial killings since 24 June, 2004 when the RAB began its journey by killing people in crossfire. Among the 1,142 victims, 149 were killed in 2004, 340 in 2005, 290 in 2006, 130 in 2007, 136 in 2008 and 97 in 2009. During the immediate-past emergency regime which continued for about two years, 322 people were killed in an extrajudicial manner. On the other hand, DG of RAB claimed that no extra-judicial killing is carried out but some criminals were caught in crossfire during the battle. He also claimed that 6,931 firearms have been seized by the RAB in the last six years 580 in 2004, 909 in 2005, 889 in 2006, 1,416 in 2007, 1,374 in 2008, 1,338 in 2009 and 425 in the last three months. The RAB arrested a total of 64,664 suspected criminals, after conducting drives throughout the country, on charges of various crimes including murder, kidnapping, extortion, tender manipulation, militancy and possession of illegal firearms. Of them 2569 in 2004, 4929 in 2005, 7277 in 2006, 13569 in 2007, 13378 in 2008, 16730 in 2009 and 4012 in last three months of 2010.  [6]   The attitude of people in law enforcement agencies has not changed, at least on the issue of extra judicial killings despite the judiciary ordering them to stop killing people under the guise of crossfire, encounter, and gunfight. Although much of such action has stopped, it is not a sustainable solution. But the decision has been hailed an eye-opener by many including human rights organizations. The High Court issued the suo motto order over extra judicial killings on November 17. It gave the government two weeks, initially, to explain why the killing of two brothers, Lutfor and Khairul Khalasi by law enforcement agencies in Madaripur on Nov.16 should not be declared extrajudicial. The government has yet to reply and the Attorney General has sought more time, presumably until the court resumes on January 3, 2010. During the year although there were some positive activities by the government, most sectors in the country were devoid of any human rights, the rule of law and good governance. Religious minorities were oppressed and press freedoms were violated almost every other day.  [7]   Only a few human rights organizations have long been asking the government to stop the killings, terming them extrajudicial. Moreover, the High Court of Bangladesh, on June 29, 2009, High Court of Bangladesh asked the government to explain why killing people without a trial, in the form of extrajudicial killings, is not being declared as illegal, and why measures are not being taken against the perpetrators. After this ruling, we still havent seen anything happen. However in recent times, after the Awami League came to power, many thought the Awami govt. will abolish the RAB. But, in march 2006, Seikh Hasina said, But we will not do so. Rather Rab will be given a special assignment to capture corrupt people.  [8]   Extrajudicial killings continue even in violation of the High Courts ruling. How can they continue? Its very alarming for human rights, democracy and the right to life. And why is the High Court silent regarding this gross human rights violation? Both governmental and nongovernmental sources have said that the death toll has reached 133 from such extrajudicial killings labeled as crossfire killings, encounter killings or gunfight killings by the Rapid Action Battalion (RAB) and the police since Jan. 6, when the Awami League-led government assumed office. In Bangladesh, we have a so-called democracy, but there is no rule of law if we consider extra judicial killing. Every day sees more killings of citizens by the state machinery, killings which are both well-planned and covered up. However, RAB never said that its extrajudicial killing. In contrast, Rab Director General (DG) Hassan Mahmood Khandker recently stated that, A total of 633 persons were killed in encounters with its members while 750 RAB men were punished for their unlawful acts. Among the 750 punished RAB members, 350 were sacked while the rest 400 suffered imprisonment in different tenures. Also RAB intelligence personnel are only on duty to tackle the criminal activities.  [9]   However, on contrary, extrajudicial killing have been going on very rapidly of violating the highest court ruling order, the Constitution and the Universal Declaration by law enforcers. The term extrajudicial killing means execution without justice. This is a grave human rights violation. Its both a violation of Bangladeshs constitution and of the UNs Universal Declaration of Human Rights.  [10]  But these types of killings still occur frequently in Bangladesh. The government of Bangladesh has been violating the constitution and the Universal Declaration of Human Rights day after day since 2002 (including operation clean heart). In 2004, the BNP-Jamaat government made a decision about extrajudicial killings and formed the RAB. From March 26, 2004 until January 31, 2009, around 1,600 people (including 58 58 killed peoples in operation clean heart of 2002) have been killed without justice. The government of Bangladesh has sided with the extrajudicial killings. Prime Minister Sheikh Hasina has also said, in an indirect way, that extrajudicial killings will continue. She spoke clearly, upholding crossfire killings. What was said by our popular Prime Minister Sheikh Hasina in New York is very unfortunate for the rule of law, democracy, the constitution, and the Universal Declaration of Human Rights, as well as the people of Bangladesh. According to the Bdnews24.com, Sheikh Hasina talked with journalists in New York on Sept. 27, 2009. Referring to crossfire killings at the time, she said, I do not believe in extrajudicial killings. But if anyone launches an armed attack (against a law enforcer), then they shouldnt be allowed to kill them like sitting ducks.  [11]   Bangladeshs elite Rapid Action Battalion continues to engage in extrajudicial killings despite Supreme Court directives to halt it. Although the court is handling the issue of extrajudicial killings, RAB does not seem to be bothered either about the judiciary or the countrys laws. The assertions of responsible people in the present government are shocking. Home minister Sahara Khatun recently said that, there was no crossfire. It seems, either directly or indirectly, the home minister and other ministers are defending the perpetrators of such crossfire killings. Finally we can say that, in Bangladesh has no rule of law. We want to say that the reports of so-called crossfire killings, encounter killings or gunfight killings that are made by the RAB and the police are totally false. We believe that terrorism should never be combated or controlled through state killings. It is the establishment of the rule of law that is essential to control terrorism. Conclusion Finally we can say that, numerous killings are being carried out extra-judicially; the perpetrators remain above the law; and the victims have no recourse to protection or redress under the law. This represents a violation of Article 31 of the Constitution, which reads: To enjoy the protection of the law, and to be treated in accordance with law, and only in accordance with law, is the inalienable right of every citizen, wherever he may be, and of every other person for the time being within Bangladesh, and in particular no action detrimental to the life, liberty, body, reputation or property of any person shall be taken except in accordance with law.  [12]   However, beyond impunity, those responsible for such killings are being rewarded for their actions. Torture and the threat of extra-judicial killing are used by the police and the RAB to extract money from persons that they arrest. Furthermore, the RAB was even awarded the prized Independence Award to the Rapid Action Battalion (RAB) on March 23, 2006, as part of Bangladeshs 35th Independence Day celebrations, for its activities. Therefore, it is revealed that this kind of activities by the RAB is clearly a false ideology to name the extrajudicial killing under the name of crossfire, is just only to eye wash the general public, and some day it may have negative effect on the society and country as a whole. So the govt. and the people of Bangladesh should raise its voice against it and it should be stopped soon.

Good Will Hunting Essays -- Film Analysis, Good Will Hunting

A studious young man, an open book these two images swirl around the screen in a kaleidoscope effect, this was the introductory scene of "Good Will Hunting." This scene is followed by Ben Afflick, knocking on Will's door, when Will comes out a credit rolls by that says, "screenplay written by Ben Afflick and Matt Damon," just as the two walk side by side. This shows how perfectly the makers of this movie have everything timed, down to the credits. Also, the timing shows when the professor's assistant and Will are alone and the assistant tells Will how lucky he is to have someone believe in him as the professor does. Just as he finishes saying this the professor walks in and suddenly the assistant has something better to do than just sit there so he gets up and leaves. The cinematography in this movie is good, as right of way the viewer of this movie knows Will lives in one of the poorer sections of Boston, as his front yard is cluttered with junk and the look of t he neighborhood surrounding his house is anything but colorful. The neighborhood looks gray and drab. Also, one of the many settings is a local bar which has the look of a neighborhood bar with Christmas type lights strung and normal looking people filling the place. Another setting is a Harvard classroom and a community college classroom. In the Harvard classroom the students appear to be attentive, clean cut, well dressed, and enthusiastic, while the students in the community classroom are bar...

Individual Asset Allocation Exercise Essay

Group 2 Questions for Individual Asset Allocation Exercise: 1. Allocate your fictional $1,000,000 among the following three asset categories: Asset U.S. Equities U.S. 30-Year Treasury Bonds Cash Total Allocation 45% 35% 20% 100% Justify your allocation based on your outlook for systematic risk in the U.S. economy over the next year. Based on GDP, there is an expected growth in rates for the following quarter, though it may not be a dramatic one. Rates have been fluctuating within about a 1-2% range in the previous quarters following 2010. Investing in stocks would be logical when there is a growth since more business activities will be carried out, thus translating into higher corporate profits. However, a growing GDP may put the economy at risk of inflation. GDP may be growing due to consumer confidence, which too seems to be steadily growing. Consumer confidence shows that consumers are more likely to spend and invest in the economy, which will help to boost it. This is good for stocks since a growing GDP will result in healthy corporate profits and higher stock prices. Consumers may be more able to spend and invest in the economy due to a fall in jobless claims. This means there are more people working so less people are filing for unemployment insurance, thus an improving labor market. Since more people have jobs there is more spending within the economy, which translates into a healthier economy overall. However, too little jobless claims may have a negative impact on the economy in that it may trigger wage inflation, which is bad news for the stock market. Businesses have to set out incentives like paying overtime or higher wages to attract employment, thus spending more in labor costs. The Federal Reserve tends to increase interest rates when wage inflation looks too threatening, which negatively affects both the stock and bond market. Due to the aforementioned market risks in the economy, it seems optimal to invest the largest segment (45%) to US equities. The US seems to be thriving in a growing economy since the financial crisis, which is favorable to the stock market, since a healthy economy leads to an increase in equity prices, which thrives on growing corporate profits. It would then be optimal to allocate 35% to US 30 year treasury bonds, since bonds tend to be less risky than stocks. Bonds have a higher likelihood of receiving a return on the investment than stocks, which have a higher possibility of loss. However, bonds do have a lesser return on investment, thus as much profit won’t be made compared to a stock that’s doing well. However bonds tend to be safer, though at the same time are at a risk of being affected by inflation since the economy often walks a fine line between strong growth and excessive growth in the economy. Finally, 20% should be kept as cash just to make sure that there is cash at hand in case of emergencies. Since there are risks associated with both the bond and stock market alike, as the economy grows and becomes in risk of inflation. Cash will be able to provide flexibility during times when the market is feeling pressured.

Commercial Basic Credit Management EXIM Bank Experience

DECLARATION This Internship report is submitted as a partial fulfilment of the requirement of Bachelor of Business Administration . I am Md. Saiful Islam hereby declares that the work presented in this report titled â€Å"Commercial Basic Credit Management EXIM Bank Experience. † has been carried out by me and has not been previously submitted to any other University, College or Organization for any academic qualification, certificate, diploma or degree. The work I have presented does not breach any existing copyright.I further undertake to indemnify the university the against any loss or damage arising from breach of the foregoing obligations. Md. Saiful Islam ID NO. 0101092908 Department of Business Administration IBAIS University ACKNOWLEDGEMENT At first, I foremost like to express my heartiest thankfulness to Almighty Allah to reach me at the end of the BBA Internship. I would like to take the opportunity to express my heartiest gratitude to my honourable supervisor Mahabb at Hosen, Department of Business Administration, IBAIS University for his continuous guidance and support to complete this report.My special thanks to the respondent and my friends specially, Sumon and Monirul Islam former students of IBAIS University for their kind help and co-operation during the course of this Internship. My sincere apologies to the readers for my conceptual and printing mistakes (if any). Md. Saiful Islam ID NO. 0101092908 Department of Business Administration IBAIS University Certificate of the supervisor This is to certify that the thesis on ‘Accounting Performance on Credit Management and Legal Settlement EXIM Bank Ltd. An overview’ as a partial fulfilment of requirement of ‘Bachelor of Business Administration’ degree from ‘IBAIS University’.The thesis has been carried out under my guidance and is a record of the bona fide work carried out successfully. Signature: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Supervisor’s Full Name: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Date: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Faculty: †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Letter of TransmittalDate: March 16, 2013 Mahabbat Hosan Lecture of IBAIS University Dept. of Business Administration Subject: Submission of Inter nship Report Dear Sir, It is my great pleasure to submit the internship report on â€Å"Accounting Performance on Credit Management and legal Settlement at EXIM Bank overview. † Which is the partial fulfilment of Bachelor of Business Administration of IBAIS University. I made sincere efforts to study related materials and documents, observe operations performed in EXIM Bank Experience and examine relevant records for preparation of the report.Within the time limit, I have to make this report as comprehensive as possible. But there may be some mistakes due to various limitations. For this reason beg your kind consideration in this regard. Sincerely yours. Md. Saiful Islam ID NO. 0101092908 Department of Business Administration IBAIS University Table of contents Part A Organization ChapterTopicsPage No. 1About The Report 1. 1Origin of the Report 1. 2Background of the Report 1. 3Objects of the study 1. 4Methodology of the study 1. 4. 1Primary Source of Data 1. 4. 2Secondary Sour ces of Date 1. 5Data Processing & Analysis Banking in Bangladesh 2. 1 Introduction 2. 2 Evolution of the word â€Å"Bank† 2. 3 Emergence of Modern Banking 2. 4Bank Development in Bangladesh 2. 5Concluding Note 3EXIM Bank At a Glance 3. 1Historical Background of EXIM Bank Ltd 3. 2Profile of EXIM Bank 3. 3Credit Rating 3. 4Vision and Mission 3. 5Functions of the EXIM Bank Ltd. 3. 6Corporate Culture 3. 7Human Resource Management of EXIM Bank 3. 8Organizational Structure 3. 9Management of Rajuk avenue Branch organ gram 3. 10Management of EXIM Bank Ltd 3. 11Social Commitments 3. 11. 1EXIM Bank Foundation and CSR Activities 3. 11. . 1Healthcare service 3. 11. 1. 2Scholarship program for brilliant poor student 3. 11. 1. 3Helping people affected by natural calamities 3. 11. 1. 4Education Promotion Scheme (Interest free loan) 3. 11. 1. 5Helping people in slum areas 3. 11. 1. 6Donation to educational institutions to setup computer lab 3. 11. 1. 7 Beautification of Dhaka City 3. 12Achie vement 3. 12. 1First private sector bank to open exchange house in UK: 3. 12. 2Implementation of the world renowned Core Banking Software (TEMENOS T24) 3. 12. 3Conversion from Conventional Banking to Shariah Based Islamic Banking . 13Performance of EXIM Bank Ltd. 3. 14Shariah Board 3. 14. 1Shariah Auditing 3. 14. 2Banking with shariah principles 3. 15SWIFT Services 3. 15. 1SWIFT Network 3. 15. 2SWIFT is the logical choice for most international financial transactions 3. 15. 3SWIFT Messages 3. 16ATM Network 3. 17List of Branches 4Theoretical Aspect of Credit Management and Credit Policy 4. 1Credit Policy 4. 1. 1Definition of Credit Policy 4. 1. 2Purposes of Credit Policy 4. 1. 3Formulation of a Credit Policy 4. 1. 4Essential Components of a Sound Credit Policy 4. 1. 5Lending Guidelines 4. 1. Focus on Industry and Business Segment 4. 1. 7Types of Credit Facilities: Bank will go for 4. 2Credit Management 4. 2. 1 Process of Credit Management 4. 2. 2 Policy guidelines 4. 2. 3 Program gui delines 4. 2. 4Tools of Credit Management 4. 2. 5Definition of Credit Risk Grading(CRG) 4. 2. 6Use of Credit Risk Grading 4. 2. 7Number and short name of grades used in the CRG 4. 2. 8Financial Spread Sheet in Credit Management Part B Project Analysis 5Investment Case by EXIM Bank 5. 1Introduction 5. 2 Economic Sector Wise Distribution of Fund 5. 3 Nature Wise Distribution of Loans and Advances . 4 Maturity Grouping of Distribution of Loans and Advances 5. 5Securities in Credit Management 5. 6Practical Cases 6Recovery of Investment Fund 6. 1Loan Recovery Programs 6. 2Recovery Programs taken by EXIM Bank 6. 3 Recovery Patterns of loan and advance 6. 4 Problems in loan recovery 7Classified Loan & Bank’s Performance 7. 1Introduction 7. 2Signs for Classification 7. 3Performance of EXIM Bank Limited 7. 4Evaluation of credit management of EXIM Bank from the customers’ point of view 7. 5Concluding Remarks Findings & Recommendation Bibliography Chapter 01 About The Report 1. O rigin of the Report Present world is changing rapidly to face the challenge of competitive free market economy. To keep place with the trend every organization need executive with modern knowledge. To provide fresh graduate with modern theoretical and professional knowledge in banking and all other different institution management, IBAIS University has assigned the internship program for the students to help them out to have a practical knowledge to work in a real official environment. Under this course the students are sent to gather practical knowledge about working environment and activities.As a prerequisite for the Bachelor of Business Administration Degree I was required to complete this internship program in a suitable business organization. I had been selected to work as an Internee in Export Import Bank of Bangladesh Limited, Rajuk Avenue Branch for a period of 3 months from October 13, 2012 to January 12, 2012. Md. Moidul Islam, Senior Vice President, HR division, Export I mport Bank of Bangladesh Limited appointed me as an Internee. After discussion and getting consent, I started to work on the project titled Accounting Performance on Credit Management and legal Settlement at EXIM Bank Ltd an overview†. . 2 Background of the Report For completion of the BBA degree all of the IBAIS University, students have to go through an internship program in an organization. For this reason BBA students require to undergraduate internship program where they match practical knowledge with that of theoretical knowledge which the acquired throughout the degree. The degree doesn’t complete unless a written report submitted to the faculty, basing on what have the students learned through the internship program. Being a student of BBA, I have the opportunity to work at EXIM BANK Ltd.Rajuk Avenue Branch. This report is prepared based on by observation during the tenor I was with them. 1. 3 Objects of the study The main objective of the study is the evaluatio n â€Å"Commercial Bank Credit Management EXIM Bank Ltd. † To achieve the main objectives, the study covers the following specific objectives. ?To understand the Commercial Bank Credit Management and its overview ? To know about the banking operation. ?To understand the different services provided by the bank ? To gather practical knowledge on Banking & to compare theory with ongoing practices. To present the suggestions to solve identified problems. 1. 4 Methodology of the study For the organization part, much information will be collected from different published articles, journals, brochures and web sites. All the information incorporated in this report will be collected both from the primary sources and as well as from the secondary sources. Here all the customers of EXIM Bank Ltd. who come to Rajuk Avenue Branch and related with the branch at least two years for doing various financial transaction constitute the total population of the study.The total samples are thirty clients who are related with the bank at least two years or more. I think they may represent the whole population. Each client who is conducting their business two years or more with Rajuk avenue Branch is a sample unit. 1. 4. 1Primary Source of Data Collecting data directly from the practical field is called primary source of data. The method that will be used to collect the primary data is as follows: Primary Sources are: †¢Face to face conversation with the employees. †¢Appointment with the top officials of the Bank. †¢By interviewing customers of the Bank. 1. 4. Secondary Sources of Date The secondary data will be collected from the MIS of EXIM Bank. To clarify different conceptual matters, internet and different articles published in the journals & magazines will be used. Secondary Sources are: ?Annual Reports of EXIM Bank ?Other published documents of Bangladesh Bank. ?Office files and documents ?Study related books and journals ?Group Instruction Manual & Busin ess Instruction Manual ?Web sites 1. 5 Data Processing & Analysis Collected information have then processed & compiled with the aid of MS Word, Excel & other related computer software.Necessary tables have been prepared on the basis of collected data and various statistical techniques have been applied to analyses on the basis of classified information. 1. 6 Limitations of the study In spite of having the wholehearted effort, there were some limitations, which acted as a barrier to conduct the program and for doing an empirical research work. The limitations were: ?The study was limited only to the EXIM Bank Limited. ?Another Problem was time constraints. The duration of my internship Program was only three months. But this allocated time is not enough for a complete and fruitful study. The Bank was a busy one having heavy rush of people, whom officers need to deal with. So allocation of time for an internee is very much tough for the officers of the bank. ?Bank is a sophisticate bu siness sector. So bank do not interested to provide me confidential data. As a result in my report there is a confidential data limitation. ?Non availability of up to date data. ?EXIM Bank is an Islamic bank for that reason I face some problems to understand their products & facilities they provide. Because some of the rules of the Islamic banking are deferent from the general banking rules ?The department people always remain busy due to lack of supporting employees so they could not dedicate their full efforts. Chapter 02 Banking in Bangladesh 2. 1 Introduction Bank is an establishment which makes such advances of money to individual, as may be required with which individuals entrust money when not required by them for use. A bank is one, who in the ordinary course of his business receives money which he repays by honouring cheques of persons from whom or on whose account he receives it. Banks deal mainly with money and credit. They purchase and sell money and credit. . 2 Evolutio n of the word â€Å"Bank† Etymology deals with the roots and origin of the word ‘bank’. Regarding etymology or origin of the word bank there is no unanimous opinion among the writers of banking. According to some writers the word bank derived from the word BANCO, BANCUS, BANQUE, and BANC, all of which mean bench upon which the early bankers used to display their coins and transact business in the market place. According to the some other writers the word ‘bank’ has been derived from the German word ‘BANKE’ which means a joint stock fund.The 1st version is widely accepted because at one time the banking history, money changing was looked upon as the most widely accepted function of a banker. Banking in the ancient times was largely confined to money changing and money lending. 2. 3 Emergence of Modern Banking In middle Europe the bankers of Lombardy were very famous. To them belongs the credit of modern banking. In other words they plante d the seed of modern banking in England. They settled in London at a place known as Lombard Street. Florence was the capital of Lombardy. Lombardy was a province in North Italy.Most of the prominent bankers of their present were from Lombardy. Among those prominent bankers we can named one who were famous not only in banking but also in political history in Europe. These Lombardy people were very much disturbed in 13’s by internecine work which was followed by plunder by Kaiser Frederick two. Lombardy people in large number as a result started migrating to more settled countries such as England, French, and Belgium. In England these Lombardy people brought the idea of modern banking and thus England becomes the home of modern banking. . 4 Bank Development in Bangladesh Indigenous banking in Bangladesh is as old as banking in other parts of the world. Money used to be accepted as a deposit and advances used to be given. During Mughal period, indigenous banking flourished. The subarna banik the bullion trading community used to do banking in the then Bengal. Subsequently, larger banking in Bangladesh was gradually taken over by the upcountry bankers who were known as Seth, shah etc. but subarna baniks continued to operate in rural Bengal.With the British gradually coming over to Bengal and settling here, banking in the form of agency house, exchanging house started to flourish in kolkata. Entry of the Bengalese into banking started in the part of this century, especially in the wake of the swadeshi movement. In 1947 after the separation of India and Pakistan, bank business faced a severe disaster as non-Muslim bankers migrated to India. In order to rebuild the bank business State bank of Pakistan was established as a central bank of Pakistan in 1948. In 1971 Bangladesh became independent.After liberation â€Å"Bangladesh bank was automated with the asset and liabilities of former â€Å"State bank of Pakistan†. There were several banks before indep endence of Bangladesh as follows: (1) The national bank of Pakistan (2)The bank of Vowalpur ltd. (3)The premier bank ltd. (4)The Habib bank ltd. (5)The commerce bank ltd. (6)The united bank ltd. (7)The union bank ltd. (8)The Muslim commercial bank ltd. (9)The standard bank ltd. (10) The Australasia bank ltd. (11) The eastern mercantile bank ltd. (12) The eastern banking corporation ltd. Bangladesh Bank nationalization Order promulgated on 26 March in 1972.After the liberation war the above 1st three banks were converted to The Sonali Bank, The 2nd two banks were converted to The Agrani Bank, the next two banks were converted to The Janata Bank, the next three banks were converted to The Rupali Bank, the next one bank was converted to The Pubali Bank and the last bank was converted to The Uttara Bank. Banks in Bangladesh have correspondent relationship with other banks in foreign countries in order to sell their services or to purchase services from them. A summary picture of the cou ntry's commercial banks is presented in the table on Banks of Bangladesh.Statement of Banks in the year 2011 Name of BankBranchesCorrespondent Banks Sonali Bank1307 (1)*369 Janata Bank898 (4)1160 Agrani Bank903980 Rupali Bank514 (1)160 Pubali Bank350433 Uttara Bank198300 National Bank66143 The City Bank 76252 United Commercial Bank79110 Arab – Bangladesh Bank62 (1)310 IFIC Bank54 (2)200 Islami Bank Bangladesh109650 Al-Baraka Bank Bangladesh34117 Eastern Bank2137 National Credit & Commerce Bank27232 Prime Bank20198 South-East Bank12190 Dhaka Bank12271 Al-Arafa Islami Bank 34127 Social Investment Bank1252 Dutch-Bangla Bank69 Mercantile Bank89 Standard Bank913 One Bank155EXIM Bank37 Premier Bank 411 First Security Bank13 Mutual Trust Bank214 Bank Asia 55 Trust Bank525 Bangladesh Commerce Bank2413 * Figures in parentheses indicate number of overseas branches 2. 5 Concluding Note Today’s bank in Bangladesh has not developed over night. Before and after independence of Bangl adesh the concept of bank was developed in Bangladesh gradually. So I can easily say that bank history is as ancient as the human civilization. Chapter 03 EXIM Bank at a Glance 3. 1 Historical Background of EXIM Bank Ltd EXIM Bank Limited was established in 1999 under the leadership of Late Mr.Shahjahan Kabir, founder chairman who had a long dream of floating a commercial bank which would contribute to the socio-economic development of our country. He had a long experience as a good banker. A group of highly qualified and successful entrepreneurs joined their hands with the founder chairman to materialize his dream. Indeed, all of them proved themselves in their respective business as most successful star with their endeavor, intelligence, hard working and talent entrepreneurship. Among them, Mr. Nazrul Islam Mazumder became the honorable chairman after the demise of the honorable founder chairman.This bank starts functioning from 3rd August, 1999 with Mr. Alamgir Kabir, FCA as the advisor and Mr. Mohammad Lakiotullah as the Managing Director. Both of them have long experience in the financial sector of our country. By their pragmatic decision and management directives in the operational activities, this bank has earned a secured and distinctive position in the banking industry in terms of performance, growth, and excellent management. The authorized capital and paid up capital of the bank are Tk. 3500. 00 million and Tk 2677. 80 million respectively.The bank has migrated all of its conventional banking operation into Shariah based Islami banking since July/2004. 3. 2 Profile of EXIM Bank †¢Legal Status. Public Limited Company †¢Establish 1999 †¢Incorporated 2nd June,1999 †¢Activity Starts 3rd August,1999 †¢Islamic Banking 1st July,2004 †¢Listing with Dhaka Stock Exchange September, 2006. Listing with Chittagong Stock Exchange September, 2006. †¢Inauguration of First Branch 3rd August, 1999. †¢Authorized Capital TK. 10 00Million †¢Profit TK 4967563969 million †¢Total Asset TK 41793540. 962 million †¢Shares TK 2233254288 million †¢Paid up Capital TK 878. 5 Million †¢Reserve Fund TK 569. 98 Million †¢Number of Employees 1630 Persons †¢No. of Branches 52 †¢Proposed Branches 08 3. 3 Credit Rating oLong Term A-(Adequate Safety) oShort Term ST-3 (Good Grade) 3. 4 Vision and Mission ?To be the finest bank in the banking arena of Bangladesh under the Shariah guidelines. Contribute significantly to the national economy ?To maintain Corporate and business ethics. ?To become a trusted repository of customers' money and their financial advisor. ?To make our stock superior and rewarding to the customers/share holders. ?To display team spirit and professionalism. ?To have a Sound Capital Base. ?To provide high quality financial services in export and import trade. ?To provide excellent quality Customer service ?To provide standard financial services. ?Wealth maximizat ion 3. 5 Functions of the EXIM Bank Ltd ?The main task of the EXIM Bank Ltd. s to accept deposit from various customers through various accounts. ?Provides loans on easy terms and condition. ?The bank invest it fund in to profitable sector. ?It transfers money by Demand Draft, Pay Order, on line and Telegraph Transfer. ?The bank is doing the transaction of bill exchange, cheque etc. on behalf of the clients. ?EXIM Bank assists in the foreign exchange by issuing LC. ?Above all, EXIM Bank helps the businessmen financially by giving discount facility for bill of exchange and by providing the facility of letter of guarantee. 3. 6 Corporate CultureThis bank is one of the most disciplined Banks with a distinctive corporate culture. The bank believes in shared meaning, shared understanding and shared sense making. The employee of the bank can see and understand events, activities, objects and situation in a distinctive way. They mould their manners and etiquette, character individually to suit the purpose of the Bank and the needs of the customers who are of paramount importance to the bank. The people in the Bank see themselves as a tight knit team/family that believes in working together for growth.The corporate culture we belong has not been imposed; it has rather been achieved through our corporate conduct 3. 7 Human Resource Management of EXIM Bank Human resource is the fundamental asset of the organization. Human resource approach is concerned with the growth and development of people toward higher level of competency, creativity and fulfillment. Therefore, human resources development has been given its due importance in an environment that’s values performance, teamwork, fairness and integrity, it has both quantities dimension .EXIM Bank recognizes that intellectual capital is the most important asset for a financial institution. Without proper and efficient human resources, no organization. The Bank believes that the professional competence Bank person al and its commitment for accomplishing assigned responsibilities are a first line of defense to prevent irregularities. †¢The objectives of Human Resource Management of EXIM Bank are as follows: oConduction of job analysis. oPlanning employee needs and recruiting job candidate. oSelecting job candidates. Orienting and training of new employees. oManaging wages and salaries (compensating Employees). oProviding incentives and benefits. oAppraising performance. oCommunicating (Interview, counseling, disciplining) oTraining and developing managers. oBuilding employee commitment. 3. 8 Organizational Structure 3. 9 Management of Rajuk Avenue Branch Organ gram 3. 10 Management of EXIM Bank Ltd Management is the process of planning, organizing, leading and controlling the work of organization member and of using all available resources to reach stated organizational goals.The strength of the bank depends of the strength of its management team. EXIM Bank is proud to have a team of high ly motivated, well-educated and experienced executive who have been contributing substantially to the continued progress of the bank. Managerial effectiveness has been measured in EXIM Bank in terms of come selected criteria such deposit mobilization, loans and advances made, loan recovery, profitability’s and productivity, it has been found that EXIM Bank is effective in respect of branch expansion, loan disbursement, loan recovery etc.With a short span of time, EXIM Bank has become one of the leading and most successful bank not only among the third generation banks but also it superseded many other bank and financial institutions belonging to second and even first generation banks from the point of view under the dynamic leadership of its management. Management is trying to support and assist well motivated and experienced affairs to run day to day affairs of the bank smoothly.For maintains quality management, its required to train up more official at head office and branc h level in respect of sanctioning, disbursement and recovery of credit, project appraisals, customer services etc 3. 11 Social Commitments 3. 11. 1 EXIM Bank Foundation and CSR Activities At least 2% of the annual profit of every year is put aside for the foundation to conduct Corporate Social Responsibilities (CSR) activities. The mainstream CSR activities that are carried out through this foundation are:- †¢Healthcare service. †¢Scholarship program for brilliant poor student. †¢Education Promotion Scheme (Interest free loan). Helping people affected by natural calamities. †¢Helping people in slum areas. †¢Donation to educational institutions to setup computer lab. †¢Beautification of Dhaka City. 3. 11. 1. 1 Healthcare service A 5 storied building having 10,000 sft floor space at 840 Kazi Para, Rokeya Sarani, Mirpur, Dhaka-1216 has been hired to set up EXIM Bank Hospital. The decoration of this hospital is going on in full swing. A doctor has been recr uited who is working as a resident director of the hospital. Other doctors and hospital staffs have been in the process of selection through recruitment notice already published in the national dailies.They will be appointed as soon as the decoration of the hospital is complete. 3. 11. 1. 2 Scholarship program for brilliant poor student This is a stipend package for poor and meritorious students that take care of the beneficiaries throughout their student life. EXIM Bank Scholarship Programme, launched in 2006 with 61 poor and meritorious students selected from different reputed educational institutions of Dhaka City including Govt. Laboratory High School, Viqarunnissa Noon School and College, Dhaka University, BUET, Dhaka Medical College, etc. nrolled as many as 1000 students from around 150 reputed educational institutions across the country by 31 December 2008. They are enrolled in the this programme to be taken care of for their whole educational life subject to their fulfilment of the eligibility criteria that include satisfactory academic results, non-involvement in student politics, financial insolvency etc. So far Tk. 19. 3 million has been disbursed as scholarship under this programme. 3. 11. 1. 3 Helping people affected by natural calamities Another vital area we are dealing with as part of our CSR activities is helping people survive natural calamities.Under this welfare programmer, EXIM Bank provides relief in cash and kind for flood, fire or cyclone victims and cold-stricken people. The aim of these CSR activities is to help the target group overcome their provisional handicap and contribute to the socio-economic growth as soon as possible. 3. 11. 1. 4 Education Promotion Scheme (Interest free loan) Under Education Promotion Scheme, quard or interest-free loan is provided for poor and meritorious students to help them bear monthly educational expenditure including academic expenses, food, accommodation, etc.The quard is disbursed to the selected s tudents in monthly installments till their accomplishing the master degree. Under this programme the students are required to repay the amount (only the principal amount) in long-term monthly installments after they have joined a confirmed job accomplishing their education properly. By 31 December 2008, Tk. 19. 7 million was sanctioned to take care of around 138 poor and meritorious students from a number of reputed educational institutions like Dhaka University, Chittagong University, Dhaka Medical College, BUET, Bangladesh Agricultural University, Shahjalal University of Science and Technology etc. . 11. 1. 5 Helping people in slum areas Besides natural calamities, fire breaks out sometimes in slum areas that guts the shanties and renders the affected people totally helpless. In that situation, we help the victims fight against the hard days and return to normal life. 3. 11. 1. 6 Donation to educational institutions to setup computer lab We have donated to Dhaka University and Chi ttagong University to set up two computer labs that help the students of those universities acquire ICT knowledge. This will certainly help the students to be ready to take the challenges of this information society. 3. 11. 1. Beautification of Dhaka City In response to the call of the Dhaka City Corporation, EXIM Bank has been sharing a good portion of the mammoth task of beautifying the capital since 2005. To make the capital a modern city enriched with adequate urban amenities, EXIM Bank always joins hands with the government. 3. 12 Achievement 3. 12. 1 First private sector bank to open exchange house in UK In order to ensure delivery of smooth and most reliable remittance services to NRBs living and working in UK, Export Import Bank of Bangladesh Limited (EXIM Bank) has started operation of its wholly owned subsidiary â€Å"EXIM Exchange Company (UK) Ltd†. n 30th June 2009 in London, United Kingdom, one of the oldest destinations for the expatriate Bangladeshis. It is the first exchange house owned by a Bangladeshi private bank. Bangladesh Bank Governor Dr. Atiur Rahman inaugurated the exchange house as the Chief Guest, while H. E. Dr. M. Sayeedur Rahman Khan, Honorable High Commissioner, Government of the People's Republic of Bangladesh, was present in the program as special guest. Chairman of EXIM Bank and Director of EXIM Exchange Company (UK) Ltd. Mr.Md Nazrul Islam Mazumder presided over the program. Deputy High Commissioner Mr. Allamah Siddique, Director of EXIM Bank Mr. Muhammed Nurul Fazal Bulbul, Mrs Nasrin Islam, Mr. Abdullah-Al-Zahir Swapan, Mr. Md. Shahidullah, Managing Director of EXIM Bank Mr. Kazi Masihur Rahman and local elites were also present in the opening ceremony. With the opening of EXIM Exchange the Bangladeshi expatriates will now be able to send remittances to their family members back home within shortest possible time through online transfer to all the branches of EXIM Bank.EXIM Exchange Company (UK) Ltd is located at the Universal House of Wentworth Street London which is a very convenient location for the Bangladeshi community and business houses. Unlike any other exchange company operating in UK, as EXIM Exchange is completely owned and supervised by EXIM Bank under the approval of Bangladesh Bank and UK regulators, it is expected to be the most reliable and trusted Exchange House for the NRBs. 3. 12. 2 Implementation of the world renowned Core Banking Software (TEMENOS T24)All the branches of EXIM Bank have been using branch based banking software named PcBank2000 developed by Leads Corporation, Bangladesh. In order to replace this software with a centralized Shariah Based Islami Banking software, the bank management has made an agreement woth TEMENOS Switzerland to implement its world renowned Core Banking Software T24. Implementation of this software has been started at the end of the year 2007. A team comprising very skilled employees from both business and IT of the bank has been working day and night for implementing the Software. The team has been given training on the software from Chennai, India.Working very hard with the foreign consultants during the last one and half year, this team has successfully migrated our Motijheel branch and Head Office on 03/05/2009 after completing gap analysis, customization of the software and User Acceptance Test (UAT). The Motijheel branch and Head Office are now running on T24. This centralized software is capable enough to provide all sorts of electronic banking service to the valued customers through various electronic delivery channels. Bashundhara Branch has started to use this software from 17th March, 2010 3. 12. 3 Conversion from Conventional Banking to Shariah Based ISLAMI BankingIt is a great pleasure that by the grace of Almighty Allah, the bank migrated at a time all the branches from its conventional banking operation into Shariah based Islami banking operation without any trouble. Lot of uncertainties and adversities were there into this migration process. The officers and executives of our bank motivated the valued customers by counseling and persuasion in light with the spirit of Islam especially for the non-Muslim customers. Our IT division has done the excellent job of converting and fitting the conventional business processes into the processes based on Shariah.It has been made possible by following a systematic procedure of migration under the leadership of honorable Managing Director. 3. 13 Performance of EXIM Bank Ltd The business of banking consists of borrowing and lending. As in other businesses, operation must be based on capital but banks employ comparatively small of their own capital in relation to the total volume of their transaction. The purpose of capital on reserve accounts is primary to provide an ultimate cover against losses on loans investments. In Bangladesh, there are many types of banks which are formed as commercial banks.But above all, EXIM Bank of Bangladesh limited is a new generation of private commercial bank. The full abbreviation of EXIM Bank Ltd. The bank has got lending personalities business man and reputed industrialist as its sponsors. The bank will be immensely benefited from the valuable advice of the experienced sponsors of the bank. The late chairmen of the bank contribute much for the solid foundation of the bank at the initial stage. Unfortunately his untimely death caused a vacuum leadership of the bank. But within shortest possible time, the sponsors who in a position to select the next Chairman of the Bank.Performance of the EXIM Bank Ltd. During 2008 in all business arenas like deposit, investment and Foreign Exchange exceeded performance of the previous years. The Bank achieved satisfactory progress in all areas. Growth in deposit mobilization is 48. 44%, Investments 34. 73%, Import 54. 74%, and Export Business 39. 55%. 3. 14 Shariah Board The Board of directors has formed a Sharia Supervisory Board for the Bank. Their dut y is to monitor the entire Bank’s transactional procedures, & assuring its Sharia compliancy.This Board consists of the following members headed by its Chairman The tasks of the Sharia supervisor in summary is replying to queries of the Bank’s administration, staff members, shareholders, depositors, & customers, follow up with the Sharia auditors and provide them with guidance, submitting reports & remarks to the Fatwa & Sharia Supervision Board and the administration, participating in the Bank’s training programs, participating in the supervision over the AlIqtisad AlIslami magazine, & handling the duty of being the General Secretary of the Board.Members of Shariah Council: Professor Moulana Mohammad Salah Uddin Mr. Md. Nazrul Islam Mazumder Moulana Mohammad Sadequl Islam Mr. A. K. M Nurul Fazal Bulbul Professor H. M. Shahidul Islam Barakaty Mr. Md. Abdul Mannan Mr. A. S. M. Fakhrul Ahsan Mr. Zubayer Kabir Hafez Moulana Mufti Mohammad Khair Ullah Mr. Abdullah A l-Zahir Sawpan Hafez Quari Moulana Mufti Mohammad Nur Uddin Mr. Kazi Masihur Rahman 3. 14. 1 Shariah Auditing This is the civil supervisory aspect that shapes the Bank’s main feature.Its existence is part of the Sharia Supervision procedures. One of its main tasks is to check the Sharia compliancy in the Bank’s transactional procedures in accordance to the Fatwas issued in that regard, under the guidanceoftheShariaSupervisor. The Sharia auditor is assigned the task of revising the Bank’s transactional procedures throughout the year to check the extent to which the staff members and the different departments have abided by the regulations, advices, and Fatwas issued by the Fatwa & Sharia Supervision Board, forums, & banking conferences.As well as, assuring that all the contracts that states a right for the Bank or an obligation on the Bank is certified by the Fatwa & Sharia Supervision Board. Moreover, the Sharia Auditing submits periodic reports to the Sharia Su pervisor in order to be proposed to the Fatwa & Sharia Supervision Board to state what it finds appropriate in that regard. 3. 14. 2 Banking with shariah principles Export Import Bank of Bangladesh Limited is the 1st bank in Bangladesh that has converted all of its operations of conventional banking into shariah-based banking since July/2004.We offer banking services for Muslims and non-Muslims alike allowing our customers choice and flexibility in their savings and investments. Our products are approved by our Shariah Board comprising of veteran Muslim scholars of our country who are expert in all matters of Islamic finance. The process by which Noriba's investments are designed and executed allows the Bank to offer a combination of Sharia compliance and capital markets expertise that is unique throughout the world.Noriba is committed to the strict adherence to the requirements of the Sharia as a result of the Bank's sole focus on Sharia-compliant investments and the full supervisi on of its financial products and transactions by the Noriba Sharia Board. Noriba experts specifically design each of the Bank's investment vehicles with the approval of the Noriba Sharia Board. Once the given product or transaction has been arranged, the Noriba Sharia Board carefully screens it for compliance before giving final approval for its implementation.This control mechanism guarantees that all aspects of Noriba's final products and banking transactions are in adherence with the guidelines of the Sharia. 3. 15 SWIFT Services The SWIFT Service helped in sending and receiving the messages and instructions related to NOSTRO Account operations and L/C related matters. The banks have brought 11 of branches under SWIFT network. Other branches will come under the network hopefully by the 2005. SWIFT aims to provide a prompt and efficient service to help you gain the most from our products. As a part of this service a documentation set is supplied with each product.This Guide is a p art of that documentation set and contains as comprehensive and as up-to-date a description of the product as possible. 3. 15. 1 SWIFT Network SWIFT or the Society for Worldwide Interbank Financial Telecommunication is a cooperative institution established in 1973 by a group of banks to manage their international telecommunications activities. Now over 2900 member banks, and regularly processes in excess of three million banking messages per day between banks in over 150 countries around the world own SWIFT. 3. 15. 2 SWIFT is the logical choice for most international financial transactionsWith over 5900 connections among the world's major banks, the chance is high that for any given transaction the bank you are dealing with is a SWIFT user. The SWIFT network provides facilities for ensuring that messages are transmitted in standard, internationally accepted formats, simplifying processing and permitting end to end automation of many banking transactions. SWIFT is highly secure, with elaborate mechanisms to ensure that information remains confidential, authentic and intact. With an extremely low unit transaction cost, SWIFT is nearly always the most cost-effective means of transmitting an international message. . 15. 3 SWIFT Messages In addition to its role as network provider, SWIFT is responsible for defining and maintaining standards for international banking telecommunications. Standards are necessary to ensure that banks understand the messages that they send to each other, and to allow them to process messages automatically. A. SWIFT message also comprises: ?Header containing the addresses of sending and receiving banks, the Message Type, Message priority, Delivery Monitoring Field, Obsolescence Period, Banking Priority. ?The usage and contents of SWIFT Message Headers and Trailers are more fully treated in the SWIFT.B. The advantages of SWIFT Message Types are: ?Predictability: Depending on the type of message, the format of the message can be predicted exactly, simplifying automation. ?Diversity: A specific Message Type exists for most banking activities. In order to use SWIFT Message Types and the SWIFT network, however, banks have to employ strict controls on the ways that messages are prepared to ensure that standards are respected and that the control Header and Trailer are complete and accurate. For this reason, most banks employ specialized computer software, such as PC Connect, to perform message preparation and processing. . 16 ATM Network The bank has already floated tender in the national dailies to setup a network of 60 ATMs and 350 POS machines. The job of ATM interfacing with the Core Banking Software is going on. Insha-Allah, by the end of this year, at least 10 ATMs will come under our own ATM network. 3. 17 List of Branches Dhaka Division ASHUGANJ BRANCH Address: Haji Zahirul Haque Munshi Shoping Complex, Ashugonj, Brahmanbaria. Phone: 01713-063433 Email: [email  protected] com Fax: 08528-7456ASHULIA BRANCH Addre ss: Rifat Square Plaza, Jamgora, Ashulia, Dhaka. Phone: 7789978,01755-583690 Email: [email  protected] om Fax: 7789480 BANANI BRANCH Address: Kazi's Haritage Road # 11, House # 49, Block # H, Banani, Dhaka. Phone: 02-8837871-3, 8837874, 01713-040588,01755-584939. Email: [email  protected] com Fax: 02-8837875BASHUNDHARA ROAD BRANCH Address: KA-11/4, Bashundhara Road, Badda, Dhaka-1212. Phone: 02-8415154, 01730-357952 Email: [email  protected] com Fax: 02-8413883 BOARD BAZAR BRANCH Address: Afzal Tower, Board Bazar, National University,Gazipur. Phone: 9293053, 01713-229344. Email: [email  protected] com Fax: 9293054DHANMONDI BRANCH Address: House # 4/A, Plot # 4, Road # 16 (Old-27) Dhanmondi, Dhaka.Email: [email  protected] com ELEPHANT ROAD BRANCH Address: 218, Elephant Road, Bata Signal, Dhaka – 1205. Phone: 02-9667097-8, 01714-021767. Email: [email  protected] com Fax: 880-2-9667267FARIDPUR BRANCH Address: Faridpur Plaza,10, Thana Road, Faridpur. Phone: 0631-6117 0, 61128, 61174. Email: [email  protected] com Fax: 0631-61182 GAZIPUR CHOWRASTA BRANCH Address: Nasir Super Market(1st Floor), Chandana Chowrasta, Gazipur, Dhaka. Phone: 02-9263537, 9263538, 9256492, 01713-145498 Email: [email  protected] com Fax: 880-2-9256493 GULSHAN BRANCH Address: 75, Gulshan Avenue, Gulshan-1, Dhaka.Phone: 02-9862262, 9886296, 8819711, 01711-404821 Email: [email  protected] com Fax: 880-2-8818703 HEAD OFFICE CORPORATE BRANCH Address: Symphony, Plot# SE(F):9, Road# 142, Gulshan Avenue, Dhaka. Phone: 02-8828985, 9884753, 9889567. Email: [email  protected] com Fax: 02-8828962IMAMGONJ BRANCH Address: Haji Abdul Kader Mansion, 139 Chawk Mogoltuliy, Imamgonj, Dhaka Phone: 02-7315527-8, 01730-019954 Email: [email  protected] com Fax: 880-2-7315530 KARWAN BAZAR BRANCH Address: BGMEA Complex (2nd Floor), 23/1 Panthapath Link Road, Karwan Bazar, Dhaka. Phone: 02-8140204-6.Email: [email  protected] com Fax: 02-8140200KERANIGONJ BRANCH Address: Rashed Iron Mar ket, Bond Dakpara, Zinzira Highway Road, Keranigonj, Dhaka. Phone: 02-7763691,02-7763692, 01730-706768. Email: [email  protected] com Fax: 02-7763692 MALIBAGH BRANCH Address: 484, DIT Road, Malibagh, Dhaka – 1217. Phone: 02-9338578, 8319076, 01730-069695 Email: [email  protected] com Fax: 880-2-9357057 MAWNA BRANCH Address: Kitab Ali Plaza, Mawna Chowrasta, Sreepur, Gazipur. Phone: 06825 – 52359, 06825-52831, 06825-52830, 01713-099837, 01713-361833. Email: [email  protected] om Fax: 06825-52359 MIRPUR BRANCH Address: Srayoshe Tower, Plot # 7, Rokeya Swarani, 10 No. Crossing, Mirpur, Dhaka – 1212. Phone: 02-8054226, 8056776, 8033801. Email: [email  protected] com Fax: 880-2-8035668 MOTIJHEEL BRANCH Address: Sharif Mansion, 56-57,Motijheel C/A, Dhaka. Phone: 9568534, 9552800, 9568093, 9554988, 9554988, Dir-9553778 Email: [email  protected] com Fax: 880-2-9569983 NARAYANGONJ BRANCH Address: 50, SM Maleh Road, Sattar Tower, Tanbazar, Narayangonj Phone: 764 0213, 7640214, 01711-439385 Email: [email  protected] com Fax: 7640215NAWABPUR BRANCHAddress: 198/1, Nawabpur Road, Dhaka – 1100 Phone: 7125306, 7125307 Email: [email  protected] com Fax: 880-2-7125308 NARIA BRANCH Address: Janakallan Bipony (1st Floor), Naria Bazar, Shariatpur. Phone: 0601-59135, 0601-59136, 01730-018970, 01730-018971 Email: [email  protected] com Fax: 0601-159124NEW ESKATON BRANCH Address: 27/1, New Eskaton Road, Dhaka. Phone: 02-8314159, 8314435, 9352854 Email: [email  protected] com Fax: 880-2-9349196 PALTAN BRANCH Address: Swadesh Tower, 41/6, Purana Paltan, Box Culvert Road, Dhaka-1000. Phone: 02-9513573, 02-9513574. Email: [email  protected] comFax: 02-9513572PANCHABOTI BRANCH Address: Atlanta Plaza (2nd Floor), Panchaboti, Fatullah, Narayangonj. Phone: 02-7672807,01730-001241 Email: [email  protected] com Fax: 02-7672806 PANTHAPATH BRANCH Address: 19/2, West Panthapath, North Dhanmondi, Dhaka. Phone: 02-8124261, 9145911, 8141764, 9102671(E XP),9101334(IMP), 9101332(INV). Email: [email  protected] com Fax: 880-2-8126191RAJUK AVENUE BRANCH Address: 9, D. I. T Avenue, Ali Bhaban, Motijheel C/A, Dhaka- 1000 Phone: 02-9556884, 9565397, 9567115, 01713-164698 Email: [email  protected] com Fax: 880-2-9555132 SAT MASJID ROAD BRANCHAddress: 47, Satmasjid Road, Dhanmondi, Dhaka – 1209. Phone: 02-8118680, 9142073, 8141249, 01730-061460. Email: [email  protected] com Fax: 880-2-8142232SAVAR BRANCH Address: B-71, Rana Tower,Bazar Road, Savar, Dhaka. Phone: 7742883, 01755-575408. Email: [email  protected] com Fax: 7742882 SHIMRAIL BRANCH Address: Haji Ahasanullah Super Market, Chittagnong RD, Siddirgonj, Narayangonj. Phone: 7694672-3 (EXT. 101), 01714-038149, 01819-253283. Email: [email  protected] com Fax: 7694268SONARGAON BRANCH Address: Zohra Mansion, Mograpara, Sonargaon, Narayangonj. Phone: 0672-356103, 0672-356205, 01755-584938Email: [email  protected] com Fax: 0672-356155 UTTARA BRANCH Address: House # 61/A , Road # 7, Sector # 4, Uttara Model Town, Dhaka. Phone: 02-8919785. 8952847,01714-041406 Email: [email  protected] com Fax: 880-2-8952838 Chittagong Division AGRABAD BRANCH Address: Mawla Chember, 6 Agrabad C/A, Chittagong. Phone:031-727657,727658,2510733, 2511264,01711-898224 Email: [email  protected] com Fax: 031-715796BAHADDARHAT BRANCH Address: Khaza Super Market, 680/A, Arakan Road, Bahoddarhat, Chittagong. Phone:031-2555056,031-2555058, 01730031489. Email: [email  protected] com Fax: 031-2555057BASURHAT BRANCH Address: Jharna Shopping Complex, Basurhat Bazar, Companygonj, Noakhali. Phone: 03223-56060, 03223-56073, 01755-594105, 01755-594112. Email: [email  protected] com Fax: 03223-56575CDA AVENUE BRANCH Address: Commerce View Complex,191, East Nasirabad, Chittagong. Phone: 031-652074, 657609, 01713396538 (G. B. Dept), 01730452371 (FEX Dept). Email: [email  protected] com Fax: 031-653026. CHHAGALNAIYA BRANCH Address: H. S Plaza, Matin Road, Chhagalnaiya, Feni. Phone : 03322-78018, 01713-193388. Email: [email  protected] com Fax: 03322-78188. CHOWMUHANI BRANCHAddress: 60/231, D. B. Road, Chowmuhani,Begumgonj, Noakhali. Phone: 0321 – 52700, 51034, 01714-084311. Email: [email  protected] com Fax: 0321 – 51034. COMILLA BRANCH Address: Goni Bhuiyan Mansion, A. K Fazlul Haque Road, Monoharpur, Comilla. Phone: 081 – 61850,01713-396537, 01973-229330 Email: [email  protected] com Fax: 081-61722FENI BRANCH Address: Chistiya Trade Center, 308-310, S. S. K. Road, Feni . Phone: 0331-74060-1, 01730-001242. Email: [email  protected] com Fax: 0331-74062 KHATUNGONJ BRANCH Address: Union Square Building, 1078, Ramjoy Mahajan Lane, Khatungonj, Chittagong.Phone: 031-615544, 610711,2851291, 01711-898223, 01713-229384 Email: [email  protected] com Fax: 031-639080LAKSHAM BRANCH Address: Sufia Complex, Doulotgonj Bazar, Laksham, Comilla. Phone: 08032 – 51333, 01711-726302 Email: [email  protected] com Fax: 08032-51252 MODAFFARGO NJ BRANCH Address: Alam Highway Supermarket (1st Floor), Modafforgonj, Laksham, Comilla. Phone: 01730-061455, 01730-061456 Email: [email  protected] com PAHARTOLI BRANCH Address: Noor Jahan Tower, Alanker More, Pahartoli, Chittagong. Phone: 031-2771695, 2771696, 01714-166966 Email: [email  protected] com Fax: 031-750065SHITAKUNDA BRANCH Address: KDS Logistics Building, Sonaichhori, Sitakunda, Chittagong. Phone: 03042-51093, 01713-229338. Email: [email  protected] com Fax: 031-2528900 SONAIMURI BRANCH Address: Mohammadia Super Market, Sonaimuri Bazar, Sonaimuri, Noakhali. Phone: 03227-51057, 03227-51058, 01711-750610, 01711-885754 Email: [email  protected] com Fax: 03227-5105 THAKUR BAZAR KRISHI / SME BRANCH Address: Toffazal Hossain Chowdhury Market, Thakur Bazar, Shahrasti, Chandpur. Phone: 08427-56873, 08427-56878, 01730-373897. Email: [email  protected] com Fax: 08427-56874 Rajshahi DivisionBOGRA BRANCH Address: Sheikh Mansion, Baragola, Bogra Phone: 051-60702, 60703, 6 0705 Email: [email  protected] com Fax: 880-51-60704 RAJSHAHI BRANCH Address: Mollah Super Market, Zero Point, Shaheb Bazar, Rajshahi. Phone: 0721-772004,772005 ,01730-097272. Email: [email  protected] com Fax: 0721-772004 Syhlet Division BEANIBAZAR BRANCH Address: Zaman Plaza(1st Floor), Beanibazar, Sylhet. Phone: 08223-56108,08223-56109, 01730-019951, 01730-452002 Email: [email  protected] com Fax: 08223-56110 BISWANATH BRANCH Address: Al Madina Complex, Puran Bazar, Jagannathpur Road, Biswanath, Sylhet.Phone: 08224-56219,08224-56218,01730-735340 Email: [email  protected] com Fax: 08224-56217 FENCHUGONJ BRANCH Address: Samad Plaza, Fenchugonj Bazar, Sylhet. Phone: 08226-56290 ,08226-56163. Email: [email  protected] com Fax: 08226-56162 GOALABAZAR BRANCH Address: Abdul Karim Mansion, South Goalabazar, Osmaninagar, Sylhet. Phone: 08242-56255, 08242-56256,01730-735341 Email: [email  protected] com Fax: 08242-56254 GOLAPGONJ BRANCH Address: Noor Mansion, Golapgonj, Sylhet. Phone: 08227-56461, 08227-56462, 01730-097268 Email: [email  protected] com Fax: 08227-56463MOULVI BAZAR BRANCHAddress: Al-Aksha Shopping Centre,Kusumbag Area, Moulvibazar. Phone: 0861-63007,63008, 01714-167459 Email: [email  protected] com Fax: 0861-63009 NOBIGONJ BRANCH Address: Bangla Tower, Sherpur Road, Nobigonj, Hobigonj. Phone: 08328-56526,01730-001240 Email: [email  protected] com Fax: 08328-56528SYLHET BRANCH Address: Al-Hamra Shopping City, Zinda Bazar, Sylhet. Phone: 0821-724413, 0821-2831208, 01714-001964 Email: [email  protected] com Fax: 880-821-725070 Khulna Division KHULNA BRANCH Address: A. Hossain Plaza 4, Sir Iqbal Road, Khulna. Phone: 041-2831470-2, 01730-018183Email: [email  protected] com Fax: 041-2831473JESSORE BRANCH Address: 37, M. K. Road, Jessore. Phone: 0421 – 67980-2, 01713-400273. Email: [email  protected] com Fax: 0421-67983 KUSHTIA BRANCH Address: Rajob Ali Market, 152, N. S. Road, Kushtia. Phone: 071-71625, 73866, 71526. Email: [e mail  protected] com Fax: 071-61158BARISAL BRANCH Address: 105, Nasim Biswash Lane, Sadar Road, Barisal. Phone: 0431-2177080,2177081,01714-178882. Email: [email  protected] com Fax: 0431-63767 DINAJPUR BRANCH Address: Northern Plaza, Goneshtola, Dinajpur. Phone: +880-531-61880, Email: [email  protected] comFax: +880-531-61770. RANGPUR BRANCH Address: 268, Shah Amanat Shopping Complex, Jahaj Company More, Station Road, Rangpur. Phone: 0521 -61214, 0521- 61215 Email: [email  protected] com Fax: 0521 -61214 Chapter 04 Theoretical Aspect of Credit Management and Credit Policy 4. 1 Definition of Credit Policy Policy entails projected course of action. EXIM Bank has its own policy granting credit although credit is always a matter of judgment applying common sense in the light of one’s experience. A sound credit policy includes among other things safety of funds invested vis-a-vis profitability of the bank.Encouraging maximum number of small loans is better than concentrati on in a particular type of advances, which ensures sufficient liquidity with least incidence of bad debts. It has to be borne in mind that a good loan allowed to a properly selected borrower is half collected. In order to make a good loan there should have a good loan policy. 4. 1. 2Purposes of Credit Policy There are some objectives behind a written credit policy of Uttara Bank that are as follows: ? To provide a guideline for giving loan. ?Prompt response to the customer need. ?Shorten the procedure of giving loan. Reduce the volume of work from top level management. ?Delegation of authority of work from top level of management. ?To check and balance the operational activities 4. 1. 3 Formulation of a Credit Policy One of questions that should arise in a discussion of credit is who should formulate the policy. Although the ultimate responsibilities lay at the highest level in the organization i. e. the board of directors. Yet the actual drafting shall have to be done by the senior lending office in consultations with the chief executive officer and with contribution from senior officers, associates and subordinates.Obviously the level of origin will vary with the size and structure of the organization. The matter then referred to the board for approval after careful examination consideration and discussion. 4. 1. 4 Essential Components of a Sound Credit Policy There can be some variations based on the needs of a particular organization, but at least the following areas should be covered in any comprehensive statement of credit policy and EXIM Bank’s policy also covers these areas: 1.Legal consideration: The bank’s legal lending limit and other constraints should be set forth to avoid inadvertent violation of banking regulations. 2. Delegation of authority: Each individual authorized to extend credit should know precisely how much and under what conditions he or she may commit the bank’s funds. These authorities should be approved, at lea st annually, by written resolution of the board of directors and kept current at all times. 3. Types of credit extension: One of the most substances parts of a loan is a delineation of which types of loans are acceptable and which type are not. . Pricing: In any profit motivated endeavor, the price to be charged for the goods or services rendered is of paramount without it, individuals have few guidelines for quoting retag or fees, and the variations resulting from human nature will be a source of customer dissatisfaction. 5. Market Area: Each bank should establish its proper market area, based upon, among other things, the size and sophistication of its organization its capital standpoint, defining one’s market area is probably more important in the lending function than in any other aspect of banking. 6.Loan Standard: This is a definition of the types of credit to be expended, wherein the qualitative standards for acceptable loans are set forth. 7. Credit Granting procedure s: This subject may be covered in separate manual, and usually is in larger banks. At any rate, it should not be overlooked because proper procedures are essential in loan establishing policy and standards. Without proper procedure for granting credit and constant policing to ensure that these procedures are meticulous carried out, the best conceived loan policy will not function and inevitable, problems will develop. 4. 1. 5 Lending GuidelinesAs the bank has a rate of non-performing loans. Banks risk taking applied should be contained and our focus should be to maintain a credit portfolio keeping in mind of bank’s capital adequacy and recovery strength. Thus bank’s strategy will be invigorating loan processing steps including identifying , measuring , containing risks as well as maintaining a balance portfolio through minimizing loan concentration , encouraging loan diversification , expanding product range , streamlining security , insurance etc. as buffer again unex pected cash flow . 4. 1. 6 Focus on Industry and Business SegmentIndustry segment focuses on Textile, Pharmaceuticals, Agro-based, Food and allied, Telecommunication, Power generation and distribution, Health care, Entertainment Services, Chemicals, Transport, Infrastructure development, Linkage industry, Information technology, Ceramics, Others as decided from tome to time. And business segment focuses on Distribution, Brick field, Rice mill/ flour mill/ oil mill, Work order, Yarn trading, Cloth merchant, Industrial spares, Hardware, Electronic and electrical goods, Construction materials, Fish trading, Grocery, Wholesale/ retail, Others as dedicated from time to time . 1. 7 Types of Credit Facilities: Bank will go for ?Term financing for new project had BMRE of existing projects (large, medium, SME). ?Working capital for industries, trading services and others (large, medium, SME). ?Trade finance for import and export ?Lease finance ?Small loan for traders, micro enterprise and ot her productive small venture. ?Consumer finance ?Fee business 4. 2 Credit Management As EXIM bank is providing credit facility out of its total available funds, it has to manage these credits very efficiently.An efficient credit management system comprises many things and this cover the pre-sanction activities to post-sanction activities. Credit management is important as it helps the banks and financial institutions to understand various dimensions of risk involved in different credit transactions. At the pre-sanction stage, credit management helps the sanctioning authority to decide whether to lend or not to lend, what should be the loan price, what should be the extent of exposure, what should be the appropriate credit facility, what are the various facilities, what are the various risk mitigation tools to put a cap on the risk level.At the post-sanctioning stage, the bank can decide about the depth of the review of renewal, frequency of review, periodicity of the grading, and ot her precautions to be taken. Having considered the significance of credit risk, it becomes imperative for the banking system to carefully develop credit management. For this reason, the bank is maintaining a division which is well-known as credit division. 4. 2. 1 Process of Credit ManagementCredit Management Policy for any commercial bank must have been prepared in accordance with the Policy Guidelines of Bangladesh Bank’s Focus Group on Credit and Risk Management with some changes to meet particular bank’s internal needs. Credit management must be organized in such a process that the bank can minimize its losses for payment of expected dividend to the shareholders. The purpose of this process is to provide directional guidelines that will improve the risk management culture, establish minimum standards for segregation of duties and responsibilities, and assist in the ongoing improvement of concerned bank.The guidelines for credit management may be organized into the following sections: 4. 2. 2Policy guidelines a. Lending guidelines b. Credit assessment and risk grading c. Approval authority d. Segregation of duties e. Internal control and compliance 4. 2. 3 Program guidelines a. Approval process b. Credit administration c. Credit monitoring d. Credit recovery Now the guidelines are discussed in the following: 4. 2. 4 Policy guidelines a. Lending guidelines: The lending guidelines include the following: ? Industry and Business Segment Focus Types of loan facilities ? Single borrowers/ group limits/ syndication ? Lending caps ? Discouraged business types As a minimum, the followings are discouraged: oMilitary equipment/ weapons finance oHighly leveraged transactions oFinance of speculative investments oLogging, mineral extraction/ mining, or other activity that is ethically or environmentally sensitive oLending to companies listed on CIB black list or known oCounter parties in countries subject to UN sanctions oLending to holding companies. b. Cr edit Assessment and Risk Grading:A thorough credit and risk assessment should be conducted prior to the granting of loans, and at least annually thereafter for all facilities. Credit Applications should summaries the results of the risk assessment and include, as a minimum, the following details: ? Environment or social risk inputs ?Amount and type of loan (s) proposed ?Purpose of loans ?Loan structure ( tenor, covenants, repayment schedule, interest) ? Security arrangement ?Any other risk or issue ?Risk triggers and action plan-condition prudent, etc.Risk is graded as per Lending Risk Analysis (LRA), Bangladesh Bank’s Guidelines of classification of loans and advances. c. Approval Authority: Approval authority may be as the following: ? Credit approval authority has been delegated to Branch Manager, Credit Committee by the MD/ Board ? Delegated approval authorities shall be reviewed annually by MD/ Board. MD/ Board: ?Approvals must be evidenced in writing. Approval records m ust be kept on file with credit application ? The aggregate exposure to any borrower or borrowing group must be used to determine the approval authority required. Any credit proposal that does not comply with Lending Guidelines, regardless of amount, should be referred to Head Office for approval. d. Segregation of Duties: Banks should aim at segregating the following lending function: ? Credit approval/ risk management ?Relationship management/ marketing ?Credit administration e. Internal Control and Compliance: Banks must have a segregated internal audit/ control department charged with conducting audits of all branches. 4. 2. 5 Program guidelines a. Approval process: The following diagram illustrates an example of the approval process: b. b.Cre

Overview of The Education of Women by Daniel Defoe

Overview of 'The Education of Women' by Daniel Defoe Best known as the author of Robinson Crusoe  (1719), Daniel Defoe was an extremely versatile and prolific author. A journalist as well as a novelist, he produced more than 500 books, pamphlets, and journals. The following essay first appeared in 1719, the same year in which Defoe published the first volume of Robinson Crusoe. Observe how he directs his appeals to a male audience as he develops his argument that women should be allowed full and ready access to education. The Education of Women by Daniel Defoe I have often thought of it as one of the most barbarous customs in the world, considering us as a civilized and a Christian country, that we deny the advantages of learning to women. We reproach the sex every day with folly and impertinence; while I am confident, had they the advantages of education equal to us, they would be guilty of less than ourselves. One would wonder, indeed, how it should happen that women are conversible at all; since they are only beholden to natural parts, for all their knowledge. Their youth is spent to teach them to stitch and sew or make baubles. They are taught to read, indeed, and perhaps to write their names, or so; and that is the height of a woman’s education. And I would but ask any who slight the sex for their understanding, what is a man (a gentleman, I mean) good for, that is taught no more? I need not give instances, or examine the character of a gentleman, with a good estate, or a good family, and with tolerable parts; and examine what figure he makes for want of education. The soul is placed in the body like a rough diamond; and must be polished, or the luster of it will never appear. And ’tis manifest, that as the rational soul distinguishes us from brutes; so education carries on the distinction, and makes some less brutish than others. This is too evident to need any demonstration. But why then should women be denied the benefit of instruction? If knowledge and understanding had been useless additions to the sex, GOD Almighty would never have given them capacities; for he made nothing needless. Besides, I would ask such, What they can see in ignorance, that they should think it a necessary ornament to a woman? or how much worse is a wise woman than a fool? or what has the woman done to forfeit the privilege of being taught? Does she plague us with her pride and impertinence? Why did we not let her learn, that she might have had more wit? Shall we upbraid women with folly, when ’tis only the error of this inhuman custom, that hindered t hem from being made wiser? The capacities of women are supposed to be greater, and their senses quicker than those of the men; and what they might be capable of being bred to, is plain from some instances of female wit, which this age is not without. Which upbraids us with Injustice, and looks as if we denied women the advantages of education, for fear they should vie with the men in their improvements. [They] should be taught all sorts of breeding suitable both to their genius and quality. And in particular, Music and Dancing; which it would be cruelty to bar the sex of, because they are their darlings. But besides this, they should be taught languages, as particularly French and Italian: and I would venture the injury of giving a woman more tongues than one. They should, as a particular study, be taught all the graces of speech, and all the necessary air of conversation; which our common education is so defective in, that I need not expose it. They should be brought to read books, and especially history; and so to read as to make them understand the world, and be able to know and judge of things when they hear of them. To such whose genius would lead them to it, I would deny no sort of learning; but the chief thing, in general, is to cultivate the understandings of the sex, that they may be capable of all sorts of conversation; that their parts and judgments being improved, they may be as profitable in their conversation as they are pleasant. Women, in my observation, have little or no difference in them, but as they are or are not distinguished by education. Tempers, indeed, may in some degree influence them, but the main distinguishing part is their Breeding. The whole sex are generally quick and sharp. I believe, I may be allowed to say, generally so: for you rarely see them lumpish and heavy, when they are children; as boys will often be. If a woman be well bred, and taught the proper management of her natural wit, she proves generally very sensible and retentive. And, without partiality, a woman of sense and manners is the finest and most delicate part of Gods Creation, the glory of Her Maker, and the great instance of His singular regard to man, His darling creature: to whom He gave the best gift either God could bestow or man receive. And ’tis the sordidest piece of folly and ingratitude in the world, to withhold from the sex the due luster which the advantages of education gives to the natural beauty of their minds. A woman well bred and well taught, furnished with the additional accomplishments of knowledge and behavior, is a creature without comparison. Her society is the emblem of sublimer enjoyments, her person is angelic, and her conversation heavenly. She is all softness and sweetness, peace, love, wit, and delight. She is every way suitable to the sublimest wish, and the man that has such a one to his portion, has nothing to do but to rejoice in her, and be thankful. On the other hand, Suppose her to be the very same woman, and rob her of the benefit of education, and it follows- - If her temper be good, want of education makes her soft and easy. Her wit, for want of teaching, makes her impertinent and talkative. Her knowledge, for want of judgment and experience, makes her fanciful and whimsical. If her temper be bad, want of breeding makes her worse; and she grows haughty, insolent, and loud. If she be passionate, want of manners makes her a termagant and a scold, which is much at one with Lunatic. If she be proud, want of discretion (which still is breeding) makes her conceited, fantastic, and ridiculous. And from these she degenerates to be turbulent, clamorous, noisy, nasty, the devil! The great distinguishing difference, which is seen in the world between men and women, is in their education; and this is manifested by comparing it with the difference between one man or woman, and another. And herein it is that I take upon me to make such a bold assertion, That all the world are mistaken in their practice about women. For I cannot think that God Almighty ever made them so delicate, so glorious creatures; and furnished them with such charms, so agreeable and so delightful to mankind; with souls capable of the same accomplishments with men: and all, to be only Stewards of our Houses, Cooks, and Slaves. Not that I am for exalting the female government in the least: but, in short, I would have men take women for companions, and educate them to be fit for it. A woman of sense and breeding will scorn as much to encroach upon the prerogative of man, as a man of sense will scorn to oppress the weakness of the woman. But if the women’s souls were refined and improved by teaching, that word would be lost. To say, the weakness of the sex, as to judgment, would be nonsense; for ignorance and folly would be no more to be found among women than men. I remember a passage, which I heard from a very fine woman. She had wit and capacity enough, an extraordinary shape and face, and a great fortune: but had been cloistered up all her time; and for fear of being stolen, had not had the liberty of being taught the common necessary knowledge of women’s affairs. And when she came to converse in the world, her natural wit made her so sensible of the want of education, that she gave this short reflection on herself: I am ashamed to talk with my very maids, says she, for I don’t know when they do right or wrong. I had more need go to school, than be married. I need not enlarge on the loss the defect of education is to the sex; nor argue the benefit of the contrary practice. ’Tis a thing will be more easily granted than remedied. This chapter is but an Essay at the thing: and I refer the Practice to those Happy Days (if ever they shall be) when men shall be wise enough to mend it.

Europes Iron Curtain Division

Europes Iron Curtain Division The Iron Curtain did not reach the ground and under it flowed liquid manure from the West. - Prolific Russian writer Alexander Solzhenitsyn, 1994. The Iron Curtain was a phrase used to describe the physical, ideological and military division of Europe between the western and southern capitalist states and the eastern, Soviet-dominated communist nations during the Cold War, 1945–1991. (Iron curtains were also metal barriers in German theaters designed to stop the spread of fire from the stage to the rest of the building while an orderly evacuation took place.) The western democracies and the Soviet Union had fought as allies during the Second World War, but even before peace had been achieved, they were circling each other warily and suspiciously. The US, the UK, and allied forces had freed large areas of Europe and were determined to turn these back into democracies, but while the USSR had also freed large areas of (Eastern) Europe, they had not freed them at all but merely occupied them and determined to create Soviet puppet states to create a buffer zone, and not a democracy at all. Understandably, the liberal democracies and Stalins murdering communist empire did not get on, and while many in the west remained convinced of the good of the USSR, many others were horrified by the unpleasantness of this new empire and saw the line where the two new power blocs met as something fearful. Churchills Speech The phrase Iron Curtain, which refers to the harsh and impenetrable nature of the divide, was popularized by Winston Churchill in his speech of March 5th, 1946, when he stated: From Stettin in the Baltic to Trieste in the Adriatic an iron curtain has descended across the Continent. Behind that line lie all the capitals of the ancient states of Central and Eastern Europe. Warsaw, Berlin, Prague, Vienna, Budapest, Belgrade, Bucharest and Sofia; all these famous cities and the populations around them lie in what I must call the Soviet sphere, and all are subject, in one form or another, not only to Soviet influence but to a very high and in some cases increasing measure of control from Moscow. Churchill had previously used the term in two telegrams to US President Truman. Older Than We Thought However, the term, which dates back to the nineteenth century, was probably first used in regard to Russia by Vassily Rozanov in 1918 when he wrote: an iron curtain is descending on Russian history. It was also used by Ethel Snowden in 1920 in a book called Through Bolshevik Russia and during WWII by Joseph Goebbels and German politician Lutz Schwerin von Krosigk, both in propaganda. The Cold War Many western commentators were initially hostile to the description as they still viewed Russia as a wartime ally, but the term became synonymous with the Cold War divisions in Europe, just as the Berlin Wall became the physical symbol of this division. Both sides made attempts to move the Iron Curtain this way and that, but hot war never broke out, and the curtain came down with the end of the Cold War at the end of the twentieth century.

Whats SAT Superscore How Does It Help You

What's SAT Superscore How Does It Help You SAT / ACT Prep Online Guides and Tips Imagine you take the SAT in the fall of junior year and get an awesome Reading score. Your math, unfortunately, is not so great. To bring it up, you study for the next few months and retake the SAT in the spring. Your math score shoots way up, but your Reading actually decreases from what you got in the fall. What do you do?! Luckily, most colleges have a policy of "superscoring" the SAT, or taking your highest section scores across all dates you took the SAT. Let's break down exactly what superscoring is, why schools do it, and what this means for your SAT game plan. What is SAT Superscoring? Superscoring is the policy by which admissions officers consider your highest section scores from any test date you took the SAT. If you takethe SAT more than once, then schools that SAT superscore will take your highest Critical Reading score, highest Math score, and highest Writing score. Added together, these scores could potentially add up to a much higher total than what you geton any one sitting. Consider this example, where you took the SAT three times. On Test 1, you score highly on Reading. You get a strong Math score on Test 2 and a strong Writing scoreon Test 3. On each individual setting, your composite score is a 1500. But when you superscore? That composite jumps up600 pointsto an impressive 2100! Section Reading Math Writing Composite Test 1 700 400 400 1500 Test 2 400 700 400 1500 Test 3 400 400 700 1500 Superscore 700 700 700 2100 While this is a somewhat extreme example, you can see how this policy could definitely work in your favor, as well as take some of the pressure off any one test. So if you know your colleges will superscore your SAT scores, how can you use this policy to your advantage? Why Superscoring Matters to You If your colleges superscore your SAT results, then you don't have to worry about one section score decreasing while another one goes up. Instead, your highest section scores will be valid and will be used when admissions officersconsider your application. This can take off pressure and stress when you take the SAT, plus it's another reason why taking the SAT more than once is a good idea. Students almost always improve their scores when they retake the SAT, especially if they take the time between tests to do serious, focused test prep. If you know that your colleges will superscore your results, then you could potentially "superscore" your own test. In other words, you could focus intensively on one section at a time. You could devote most of your energies to scoring a great math score on one test date, to Reading on another, and to Writing on the third, for example. This could help space out your studying over time and build up a strong SAT superscore across all the dates you choose to take the test. Not all students have the time or means to take this approach, and it's definitely not the only way to be strategic about taking the SAT. This policy can be helpful, especially for students who benefit from focusing on one section at a time, but you also want to proceed with caution. I still recommend taking every test seriously. You wouldn't want to completely skip a section, as huge fluctuations could still look strange to admissions officers, not to mention raise red flags to College Board scorers. Plus it would just throw off your whole pacing while taking the test. Building up your composite score section by section can be a useful, strategic approach to gaining strong SAT scores for your college applications. Just make sure you're going about it in a thoughtful and advantageous way. Of course, you also have to make sure your colleges have this policy of superscoring the SAT. Which Colleges Superscore the SAT? Many schools offer SAT superscore, but not all of them. Some schools will look at your highest sitting, while others don't publicize their policies and simply encourage you to send all your scores. Make sure to research your schools' policies before incorporating superscoring into your SAT strategy. Some popular colleges that SAT superscore are Boston College, Boston University, Columbia, Georgetown, Harvard, Johns Hopkins, MIT, Princeton, University of Chicago, and the University of Connecticut. Cornell and Stanford, on the other hand, are two schools that are vague about their policies, but want you to send all your SAT scores. If schools don't superscore and don't state a "send all scores" policy, then you might want to consider using Score Choice. This option allows you to choose which score reports to send to your colleges, allowing you to leave one or more out if it haslow scores. Ideally, your schools will superscore your results, as this makes sending your score reports easier and works in your favor. So why do schools look at your SAT scores in this way? Are they just doing it to be nice? Why Do Schools Superscore the SAT? Why do colleges have this helpful policy in place? According to Columbia admissions, they're doing their part to reduce test-taking stress. They say, "We are always seeking to give students the greatest opportunity to showcase their academic talents and hoping to make the testing experience as stress-free as possible." MIT's reasoning is along similar lines: "We do this in order to consider all applicants in their best light." This policy certainly accomplishes these goals, but it likelyalso benefits the colleges along with thestudents. By showing that their accepted students have higher SAT scores, colleges can improve their rankings. Thus superscoring the SAT is beneficial all around. It helps a lot of students show higher SAT scores to schools, and it helps schools show that their students are highly achieving on the SAT. Win-win. Takeaways About SAT Superscoring If you're planning to take the SAT more than once, then superscoring is a beneficial policy. If your scores have ups and downs across different dates, then your schools will just look at your highest section scores. Even if they don't, knowing that your schools superscore can take the pressure off of each test date. You may incorporate this policy into your test prep strategy, if you have the time and means to do so. By studying intensively for one section at a time, you can build up your overall SAT scores over time. Make sure you research the standardized test policies of your colleges well in advance of applications. If they superscore, then you can take the SAT on various dates throughout high school with a very specific section target score in mind each time. In this way, you can use SAT superscoring to maximize your composite scoreand present a stellar SAT score on your college applications. What's Next? Did you know that schools are increasingly adapting test flexible and test optional policies? Some will accept AP or SAT Subject Tests in lieu of the SAT, while others don't require standardized testing at all. Check out the full list of schools who have eliminated the SAT/ACT completely in the application process. Are you planning to take the redesigned SAT in 2016? Read our full guide that details the changes and how you can adjust your prep to get ready for the redesign. Want to improve your SAT score by 240 points?We've written a guide about the top 5 strategies you must be using to have a shot at improving your score. Download it for free now: