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BANGLADESH BANK GUIDELINES FOR FOREIGN EXCHANGE TRANSACTIONS Volume - 2 SUMMARIZING Instructions as of 31st December, 1996 issued to Authorised Dealers regarding Submission of Returns and Statement on all foreign exchange transactions
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Page 1: Bangladesh Bank 2

BANGLADESH BANK

GUIDELINES FOR FOREIGNEXCHANGE TRANSACTIONS

Volume - 2

SUMMARIZING

Instructions as of 31st December, 1996 issued to Authorised Dealers regardingSubmission of Returns and Statement on all foreign exchange transactions

To be read in conjunction with other instructions, Subsequentamendments and modifications issued from time to time.

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Preface

This second volume of the publication title 'Guidelines for Foreign Exchange Transactions' contains instructions to be followed by Authorised Dealers in their reporting of foreign exchange transactions to Bangladesh Bank, and includes the proformas of returns, statements, schedules to be used for such reporting. This volume includes instructions in force as on 31st December 1996, and should be read with subsequent FE Circulars/Circular Letters advising modifications/alterations, if any.

Foreign Exchange Policy Department Bangladesh Bank Head Office, Dhaka.

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CONTENTS

CHAPTER PAGES

1. Introductory … … … 1

2. Submission of Returns of Foreign

Exchange Transactions … … … 2-28

APPENDICES 1 - 41

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CH 1 1

CHAPTER 1

INTRODUCTORY

1. Authorised Dealers being responsible for dealings in foreign exchange are required to keep proper records. It is also a requirement that they submit to the Bangladesh Bank prescribed periodic returns and statements of all foreign exchange transactions concluded by them.

2. It should be noted that besides the Returns/ Schedules/ Statements prescribed in this volume, certain other statements regarding different types of transactions are also required to be submitted in terms of the relevant instructions in volume-1 of this publication.

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CHAPTER 2

SUBMISSION OF RETURNS OF FOREIGNEXCHANGE TRANSACTIONS

1. Authorised Dealers must maintain proper records of all in foreign exchange including transactions on non-resident Taka dealings accounts in their books.

2. Authorised Dealers must submit Returns and Statements to the Bangladesh Bank as prescribed in this Chapter. Where there is no transaction to report during a particular period, a NIL Return/ Statement should be submitted. The Returns/ Statements must he submitted to the Bangladesh Bank within the prescribed dates. These Returns/ Statements are of great importance to the Bangladesh Bank and it is essential, therefore, that care should be taken by the Authorised Dealers to ensure that all transactions are correctly reported and the relative forms are properly filled in. The Bangladesh Bank will take a serious view of the failure of any branch of an Authorised Dealer to furnish returns regularly or Promptly as well as of irregularities. If any, detected in the operations of any branch and where it deems fit, it may direct the Authorised Dealer concerned to refrain from transacting foreign exchange business at the branch concerned.

3. The system of reporting transactions is designed to compile figures on the basis of actual entries in the currency accounts so that there are no Suspense items.

Authorised Dealers should report transactions as per following procedure:

(a) Exports:

(i) Export bills drawn under confirmed and irrevocable Letters of Credit:

Transactions in respect of export bills negotiated by Authorised Dealers should be reported as purchases only

Maintenance of records

Submission of Returns to the Bangladesh Bank

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at the time entries are made in the currency account duly supported by EXP Form (Appendix 5/64, Vol. 1) and Schedule A.

(ii) Export bills drawn on collection basis:

Sometimes Authorised Dealers also purchase export bills drawn on collection/CAD basis. Transactions relating to such export bills should be reported as outright purchases against "Exports" in the Summary Statement after the transactions are put through the currency account on receipt of advice of realisation of the export proceeds.

The following reporting procedure will be observed with regard to the export bills re-discounted with the Bangladesh Bank.

(iii) Export bills pertaining to head office or branch maintaining independent currency account:

When export bills are re-discounted with the Bangladesh Bank, the transactions should be reported as purchases in the Summary Statement supported by Schedule A and EXP Form and the contra entries should be reported on Schedule D as sales to the Bangladesh Bank.

(iv) Export bills pertaining to branch not maintaining its own currency account:

As and when the export bills are re-discounted by the Bangladesh Bank the branch concerned will report the transaction as purchase in the Summary Statement duly supported by Schedule A and EXP form. The head office of the bank maintaining the currency account will report the said purchase under the head "Branch transactions adjusted through this Account" supported by Schedule O and the contra entry should be reported on Schedule D as sale to the Bangladesh Bank. Authorised Dealers should ensure that transactions by head office and the branch are booked in the same reporting period.

(b) Other Receipts:

The procedure indicated if subpara (a) (i) above should also be followed with regard to DDs and MTs etc.; In other words, purchases in respect of DDs and MTs etc. should be

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reported only when the transactions are put through the currency accounts.

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(c) Imports:

(i) In case of import bills drawn under Letters of Credit, the foreign currency accounts of the Authorised Dealers are debited at the time of negotiation of documents by their foreign correspondents. Accordingly, sales on account of import bills drawn under confirmed and irrevocable Letters of Credit should be reported when the transactions are put through the currency account on receipt of import documents and not on the basis of retirement of bills by the importers.

(ii) All sales on account of imports are required to be supported by the original copy of the IMP Form (Appendix 5/13, Vol.1). In view of the time lag between the date of receipt of the import bills and the date of their retirement by the importers it may not be possible to submit original copy of the IMP Form duly signed by the importers. In such cases, Authorised Dealers should fill in the quadruplicate copy of the IMP Form and submit it along with the relevant schedule and the Summary Statement. The original copy of the IMP Form should be submitted after it has been signed by the importer.

(iii) With regard to import bills received on collection/ CAD basis, the transactions will be reported on Schedule E-2 supported by original IMP Form.

(d) Other Payments:

Transactions relating to DDs and MTs issued by the Authorised Dealers should also be reported only at the time entries are made in the currency accounts.

Transactions in non-resident Taka accounts of foreign banks and correspondents including barter accounts should also be reported by Authorised Dealers in the manner indicated in this paragraph.

4. Authorised Dealers will give code numbers for all receipts as well as payment transactions on the relevant

Coding of Transactions

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forms as also in the columns provided in the relevant Schedules, including stubs given on the right

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hand top of the Schedules relating to "Period", "Authorised Dealers" and "Currency".

(a) Separate Code Lists have been provided for the following items:

PERIOD Code - 0

AUTHORISED DEALER Code - 1

CURRENCY Code - 2

COUNTRY/TERRlTORY/REGION Code - 3

EXPORTS (visible receipts) HS Code Guide

INVISIBLE RECEIPTS Code - 5

IMPORTS (visible payments) HS Code Guide

INVISIBLE PAYMENTS Code - 7

CATEGORY/DEPARTMENT/SECTOR Code - 8

UNIT Code - 9

Authorised Dealers are advised to use the HS Code Numbers from the HS Code Guide titled "The Harmonized Commodity Description and Coding System" published by the Bangladesh Bureau of Statistics while reporting of commodity exports and imports in the relevant Schedules. Authorised Dealers are also advised to take utmost care while reporting of the Unit Code in the relevant Schedules. They are to choose the Specific unit of the commodity as corresponds to the right of each of the commodity items. If export or import contract is in a unit other than the specific unit, the Authorised Dealers are advised to make conversion of the contracted unit into the specific unit and accordingly they will determine the quantity of the export or import commodity.

(b) For entering Code numbers on various Schedules, the Code lists mentioned below against each schedule should be referred to:

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Title of Schedule Code lists to be used

A-1/0-1A-2/0-2A-3/0-3J-1/0-3J-2/0-3IRV1/0-4IRV2/0-4E-2/P-2E-3/P-3E-4/P-4E-5/P-5

HS Code Guide, Code-9 and Code-3HS Code Guide, Code-9 and Code-3Not requiredCode-3 and Code-5 (From 0001 to 5999)Code-3 andCode-5 (From 6001 to 9999)Code-3 and Code-5 (From 0001 to 5999)Code-3 and Code 5 (From 6001 to 9999)HS Code Guide, Code-8, Code-9 and Code-3Code3, Code -7 (From 0001 to 5999) and Code-8Code-3, Code-7 (From 6001 to 9999) and Code-8Not required

(c) At the time of filling in the forms the Authorised Dealer concerned should invariably enter the relative Code numbers in the space provided for the same in the .forms. The stubs earmarked for "Category" are to be used only in cases of transactions relating to imports and invisible payments.

It is further clarified that the stubs earmarked for "Category" are not only meant for coding of payments for imports or invisibles made by the public sector but also for coding payments for imports or invisibles under Cash in the private sector for which separate Code has been provided in Code-8. All payments out of cash resources should be correctly correlated with those given in Code-8 and Code number given accordingly. Authorised Dealers will also follow the above procedure while coding the transactions listed on the schedules as indicated in this paragraph.

(d) The procedure indicated above will apply mutatis mutandis to transactions under barter arrangements and other special payment arrangements.

(e) It should be ensured that the description of transactions given in the relevant forms conforms to the nomenclature

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given in the Code lists. Coding should be done with extreme care. It is advisable to entrust the coding work to senior responsible staff. To guard against any possible misclassification,

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coding should be independently checked. For all amounts equivalent to Taka 1 lac and above, the checking of Codes should be done by supervisory staff and concerned officer.

5. Authorised Dealers shall report to the Bangladesh Bank particulars of all their foreign exchange transactions, i.e., all outward and inward remittances effected, whether through their accounts in foreign currencies or through the Taka accounts of non-resident banks. For this purpose, Authorised Dealers must submit to the Bangladesh Bank monthly Summarized statements of their transactions in each currency in which a position is maintained by them and also monthly summary statement of transactions effected on the Taka accounts of non-resident banks. The branches should submit the original copies of Statements/ Schedules directly to the Statistics Department, Bangladesh Bank, Head Office, Dhaka the duplicate copies alongwith the relevant forms should be endorsed to the concerned area office of Bangladesh Bank. These monthly Statements/ Schedules from the branches should be so dispatched as to reach the Statistics Department at Head Office and the concerned area office of Bangladesh Bank by the 5th day of the following month. The monthly Statements/ Schedules from the Head Office/ Principal Office of the Authorised Dealer bank should likewise reach the Statistics Department at Head Office and the concerned area office of Bangladesh Bank by the l2th of the following month.

The Summary statements should be furnished in:

Statement S-1 for transactions in all foreign currencies other than for transactions with ACU member countries (See Appendix-1).

Statement S-2 for transactions with ACU member countries. (See Appendix-2).

Statement S-4 for transactions in Taka accounts of non-resident bank branches and correspondents held by Authorised Dealers (See Appendix-3).

Statement S-5 for transactions in Barter and Special Trade Arrangement Accounts (See Appendix-4).

Reporting procedure for cash transaction

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Statement S-6 for transactions of sales and purchases of approved foreign currency notes. This statement should be submitted in

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duplicate alongwith the usual returns as per prescribed proforma (See Appendix-5).

Statement FCS-7 for transactions in foreign currency accounts of Bangladesh nationals working abroad (See Appendix-6).

Statement EFCS-8 for transactions in exporters' foreign currency retention quota accounts (See Appendix-7).

6. (a) Each Summary statement will be an abstract of the Authorised Dealer's ledger account and will consist of totals under specified heads. Opening and closing balances should be added making each summary a complete and balanced statement.

(b) Authorised Dealers will complete only one S-4 statement for each month in which consolidated figures of all non-resident Taka bank accounts maintained with them will be given. It will not be necessary to complete a separate S-4 statement for each non-resident Taka bank account.

(c) While reporting transactions tinder various commodity exchange agreements the banks designated for handling Such transactions shall follow the procedure outlined below:

(i) The designated banks maintaining barter accounts will submit country wise consolidated S-5 statement covering all the barter accounts in respect of a particular Country. In other words, separate monthly returns for each barter account with a particular country need not be submitted.

(ii) The branches of the designated banks which do not maintain barter accounts will not be required to submit the S-5 staternent to the concerned area office of Bangladesh Bank. These branches will report the transactions alongwith the relevant forms to the designated branch which will be responsible for consolidating all transactions in the Summary statement for submission to the Bangladesh Bank alongwith the relevant forms and schedules.

compilation of Summary Statements

Reporting Procedure undercommodityexchangeagreements

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7. To support the details of the totals entered in the Summary statements, every statement must be accompanied by schedules and the relative forms as indicated in the Summary statements. The Schedules should be compiled as under:

Receipts and Payments Schedules

(a) Preparation of Schedule A-1, A-2, A-3, J-1, J-2, IRV-1, IRV-2, E-2, E-3, E-4 and E-5:

Each of the above schedules has a combined heading as under:

Schedule Combined Heading

A-1A-2A-3J-1J-2IRV-1IRV-2E-2E-3E-4E-5

A-1/0-1 (See Appendix-8)A-2/0-2 (See Appendix-9)A-3/0-3 (See Appendix-10)J-1/0-3 (See Appendix -11)J-2/0-3 (See Appendix- 12)IRV-1/0-4 (See Appendix- 13)IRV-2/0-4 (See Appendix-14)E-2/P-2 (See Appendix-15)E-3/P-3 (See Appendix-16)E-4/P-4 (See Appendix- 17)

E-5/P-5 (See Appendix- 18)

Combined headings have been provided to facilitate preparation of Schedules O & P in respect of transactions of branches who do not maintain independent currency positions but operates on the foreign currency accounts of the head/principal office/ another branch, and themselves submit unbalanced Summary Statements to the concerned area office of the Bangladesh Bank. The procedure for preparation of these Schedules is described in sub-para (n) of Para 8 below.

8. (a) Schedule A-1, A-2 and A-3

Purchase of foreign currencies or debits to non-resident bank Taka accounts covering proceeds of exports from Bangladesh will be listed on Schedule A as follows:

Supporting schedules and forms of the summarystatement

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Schedule A-1 In cases where EXP Form is certified against purchase of foreign currencies or debit to non-resident Taka account, the transaction must be listed on a relative Schedule A-1 in triplicate showing the number of the EXP Form and the amount.

Schedule A-2In cases where no EXP Form is certified at the time of purchase of foreign currency or debit to non-resident Taka account, the particulars will be listed on Schedule A-2 in triplicate. Such cases will fall into two categories:

(a) Advance receipts for goods to be exported.

(b) Where the duplicate of tire EXP Form has already been lodged with the Bangladesh Bank and the triplicate is not available at the time when proceeds are received.

If an advance remittance is received for an export, the Authorised Dealer must make out an Advance Receipt Voucher (See Appendix-19). When the EXP Form is Ultimately made out and a deduction shown for the advance receipt, the date of the Advance Receipt Voucher must be stated on the EXP Form.

When proceeds of exports are received and EXP Form is not available, an EXP Form Not Attached Voucher (See Appendix- -20) must he completed.

Particulars of Advance Receipts Vouchers and EXP Form Not Attached Voucher must be listed in Schedule A-2.

Totals of Schedules A-1 and A-2 must be cast and the total of A-2 brought forward to A-1 and grand total shown on the A-1 which must agree with the amount entered on the Summary Statement. Even in cases where there are no certified EXP Forms to be submitted with the Return an A-1 Schedule should be completed showing a nil figure and giving the total figure of A-2 making up the grand total on A-1.

For every item in Schedules A-1 and A-2 a certified copy of EXP Form or a voucher, as applicable, must be enclosed. Conversely, for every voucher or EXP Form enclosed, there should be an item in the

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appropriate Schedule. No EXP Form should be enclosed with the Return against which no receipt is being reported on the Return. The forms and vouchers must be sorted in the order they are listed. If more than one Schedule sheet is used, the sheets must be serially numbered and stitched together.

Separate Schedules A-1, A-2 and A-3 must be attached to the Summary Statement relating to each currency. It is not permitted, for example, to enter the EXP Forms in US Dollars and Sterling in the Same Summary Statement.

Schedule A-3Schedule A-3/0-3 has been solely designed to incorporate figures pertaining to purchase of foreign currency against exports to Myanmar under Bangladesh-Myanmar Border Trade Arrangement. The Authorised Dealer shall attach this schedule with a separate Summary Statement S-1.

(b) Schedule B (See Appendix-21)Currency sold against convertible foreign currencies is to be listed on Schedule B. Separate Schedule Must be made out for each currency of which the name must be written on Schedule and be attached to the relative S-1, S-2 or S-6 Statement. Sales of currencies within the banks should be in accordance with conditions/ restrictions as prescribed by the Bangladesh Bank from time to time.

(c) Schedule C (See Appendix-22)

Currencies Purchased from other Authorised Dealers or branches in Bangladesh maintaining a separate currency position must be listed on Schedule C. A separate Schedule Must be made out for each currency of which the name must be written on the Schedule and be attached to the relative S-1, S-7 or S-6 Statement.

(d) Schedule D (See Appendix-23)

Foreign currencies purchased from and sold to the Bangladesh Bank must be entered on Schedule D and totals entered on the relative Summary Statements.

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(e) Schedules E-2, E-3, E-4 and E-5

Forms relating to sales of foreign currencies to the public must be listed as under:

(1) IMP Forms on Schedule E-2.(2) TM Forms on Schedules E-3 and E-4.(3) No form is required for Schedule E-5.

As with Schedule A, a separate Schedule must be made out for each currency and attached to the respective S-1, S-2, S-4 or S-5 statement. For every item listed in Schedules E (excepting E-5) there must be a payment form (IMP or TM, as appropriate to the transaction) and these forms must accompany the relative Schedules. No form should be submitted which is not listed on the Schedules and forms should not be sent in duplicate. E-5 is meant for reporting import payments to Myanmar under Bangladesh-Myanmar Border Trade Arrangement.

(f) Schedule F (See Appendix-24)

Currencies bought against sales of other foreign currencies is to be listed on Schedule F. Separate Schedule must be made out for each currency of which the name must be written on the Schedule and be attached to the relative S-1, S-2 or S-6 statement. Purchases of currencies should not breach the conditions/ restrictions prescribed by the Bangladesh Bank from time to time.

(g) Schedule G (See Appendix-25)

Currencies sold to other Authorised Dealers or branches in Bangladesh maintaining a separate currency position must be listed on Schedule G. A separate Schedule must be made out for each currency of which the name must be written on the Schedule and must be attached to the relative S-1, S-2 and S-6 statements.

(h) Schedule H (See Appendix-26)

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Currencies bought against credits to non-resident bank Taka accounts must be entered on Schedule H. A separate Schedule must be made out for each currency and attached in duplicate to the relative summary statement on form S-1 or S-2 and total amount of currency

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I

shown on the Schedule must agree with item 4 on the purchase side of the relative Summary Statement while total of Bangladesh Taka figures must agree with the totals of item 5 on credit side of S-4 statement.

(i) (a) Schedule J (J-1/ 0-3, J-2/0-3)

All C forms (See Appendix-5/3, Vol.1) must be listed on Schedule J, a separate list being made for each currency. The Schedules must be attached to the relative S-1, S-2 or S-4 statements and the totals on the Schedule must agree with those entered in the statements.

For every item appearing in the Schedule, a C Form must be attached. In cases of encashment of foreign currency instruments by Foreign Missions in Bangladesh, the name of the Mission concerned Should invariably be mentioned in the C Form.

Authorised Dealers must carefully, note that Schedule J is to cover items OTHER THAN RECEIPTS FOR EXPORT. Export receipts are to be included under Schedule A and not under Schedule J.

(b) Inward Remittance Voucher IRV (IRV-1/0-4, IRV-2/0-4)

The voucher is designed to collect details regarding inward remittances. Authorised Dealers should give information in respect of "Purpose" as clearly as possible. In cases where remittances are similar as to "Purpose", "Country of origin" and "Currency" in which payments have been received, the Authorised Dealer may pass one combined entry on the voucher. In the case of inward remittances of the Foreign Missions in Bangladesh, the name of the Mission concerned should invariably be mentioned in the "Inward Remittance Voucher". The total amount must tally with the corresponding entry against item No.3 of the relative Summary Statement.

(j) Schedule K

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The Schedule K is not related to the Summary Statements S-1, S-2 or S-4 (See Paragraph 18 below).

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(k) Schedule L (See Appendix -27)

Debits to non-resident bank Taka Accounts covering transfers to other non-resident bank Taka Accounts must be listed on Schedule L and the total amounts of Taka must agree with the total on S-4 statement. The Schedule should be Submitted to the Bangladesh Bank in duplicate with the relative Summary Statements.

(l) Schedule M (See Appendix -28)

Debits to non-resident bank Taka Accounts against sales of foreign currencies must be listed on Schedule M and the total must agree with the amount entered on S-4 statement. Thus, for example, if US Dollars are sold to a US bank against debit to that bank's non-resident Taka account, the US Dollar will be reported against item No. 4 on the sales side of the S-1 statement for US Dollar. The Schedule should be submitted to the Bangladesh Bank in duplicate with the relative Summary Statements.

(m) Schedule N (See Appendix -29)

The closing balances of the non-resident bank Taka Accounts must be listed on Schedule N. They should be grouped according to countries or currency groups. The final total must agree with the amount entered for closing balance on the S-4 statement.

(n) Schedules O & P (See Appendices -30 & 31)

Branches that do not maintain independent currency positions but operate on the foreign currency accounts of their head office/ principal office/ another branch are required to submit to the area office of the Bangladesh Bank unbalanced Summary Statements S-1, S-2 etc. Their transactions eventually reflect in the relative currency accounts although not in the same reporting period. The transactions on account of Branches booked in the currency account are reported on Schedule O & P.

The branches operating on head office/ principal office/ another branch account will continue to prepare the Summary

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Statements in the usual manner but prepare the supporting Schedules in quadruplicate. The originals, duplicates and triplicates of these Schedules after deleting O-1, O-2, O-3 and O-4 from the headings and similarly after deleting P-2, P-3 and P-4 respectively will be sent

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along-with the Summary Statements and relevant forms to the concerned area office of the Bangladesh Bank. The quadruplicate after deleting A-1, A-2, J-1, J-2, IRV-1, IRV-2, E-2, E-3 and E-4 from the heading will be sent to the office of the Authorised Dealer on whose foreign currency account they operate.

The Authorised Dealer whose currency account has been operated upon will amend the Schedules O-1, O-2, O-3, O-4, P-2, P-3 and P-4 received from the Branch by deleting such entries which have not been booked during the reporting period and adding those of the previous period which have been booked during this period. The total of the amended Schedules O-1, O-2, O-3, & O-4 will be listed on Schedule O and the total of Schedules P-2, P-3 and P-4 listed on Schedule P for each branch. The aggregates of Schedule O and P should respectively match with items 8 of Purchase and Sale sides of the Summary Statements S-1, S-2 and items 6 of Purchase and Sale side of the Summary Statement S-4.

In view of the extra work involved in the preparation of the supporting schedules in respect of branch transactions the head office/ principal office may submit these to the Bangladesh Bank within seven days from the date of Submission of the Summary Statements/ Schedules. In other words, Summary Statement alongwith all Schedules, other than O and P and their supporting Schedules O-1, O-2, O-3, O-4, P-2, P-3 and P-4 should be submitted within the prescribed normal time limit, viz., by the 12th and the reconciled Schedules O and P by the 27th of the following month.

(o) Schedule R (See Appendix-32)

Credits to non-resident bank Taka accounts covering transfers from other non-resident bank Taka accounts must be listed on Schedule R and the total amounts of Taka must agree with the total on S-4 Statement. The Schedule should be submitted to the Bangladesh Bank in duplicate with the relative Summary Statements.

(p) Opening and Closing Balances

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The opening and closing balances are to be taken from the currency accounts in the books of the Authorised Dealer. The abbreviations Cr. or Dr. on the summarized statements are intended to signify:

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Cr.- Credit balances with agents or correspondents abroad as shown by Debit balances in own books.

Dr.- Debit balances with agents or correspondents abroad as shown by Credit balances in own books.

Balances of customers' foreign currency accounts should be excluded from the Authorised Dealer's balances.

(q) Items without Schedules

Schedules are not needed for the following items on the various Statements viz.,

Statements Purchases side Sales side

(Item No.) (Item No.)

S-1 Nil 4

S-2 Nil 4

S-4 Nil 5

S-5 Nil 5

S-6 4 3

All that is necessary is to insert one total covering the relative period.

9. Foreign currency notes

Authorised Dealers are asked not to include their holdings of foreign currency notes in the balances reported on the S-1 and S-2 Statement and they are to omit their transactions in currency notes completely except where such transactions result directly in entries on their currency accounts. Examples of these are when an Authorised Dealer under special license imports bank or currency notes from abroad paying for them by drawing on the currency account and alternatively when an Authorised Dealer sends a batch of currency notes abroad to be credited to his account. In the first instance the transaction should be treated as sale of currency and reported on TM Form which will be included in Schedule E-3. In second case the Authorised Dealer will report the purchase of the currency under the head "Purchases covering remittances from abroad other than for exports" on the relative Summary

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Statement. Again, if a traveller obtains US$ 1000 in TCs and US$ 500 in Federal Reserve currency

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notes as his travel quota the transaction shall be included in Statement S-1 as the sale of US$ 1000, the transaction of US$ 500 in currency notes being omitted.

10. Method of dispatch of Statements S-1, S-2, S-4, S-5 & S-6 to the Bangladesh Bank:

The Statements being dispatched to the Bangladesh Bank should be put in separate envelopes or packages, i.e., each of the S-1, S-4, S-5 & S-6 Statements separately. On the outside of the envelopes or covers, preferably on the back in the top left corner, the name of the Authorised Dealer, the last date of the respective period, the type of Statement enclosed and the currency should be shown. Example:

XYZ BankPeriod ended 31.12.93Statement S-1Currency US$

11. Deposits to and withdrawals from the foreign currency account should not be included in the usual Summary Statements viz., S-1, S-2 etc. of the Authorised Dealers. Withdrawals made from these foreign currency accounts for payment in Taka in Bangladesh should, however, be treated as inward remittance and, therefore, the amount involved should be shown as purchase in the usual Summary Statements viz., S-1, S-2 etc.

12. For reporting transactions under foreign currency accounts of Bangladesh nationals working abroad, head offices of Authorised Dealers will submit separate monthly Summary Statements FCS-7 (Appendix-6) for Pound Sterling, US Dollar, DM and Japanese Yen in duplicate in a consolidated form covering figures from all Authorised Dealer branches, directly to the Wage Earners' Cell, Foreign Exchange Policy Department, Bangladesh Bank, Head Office, Dhaka by 10th of the following month. The figures reported in Summary Statements must be supported by Schedules FCR-1, 2, 3 etc. and FCP-1, 2, 3, etc. alongwith relevant IMP, TM Forms. Transactions in currencies other than Pound Sterling, US Dollar, DM and Japanese Yen should be reported in equivalent Pound Sterling, US Dollar, DM or Japanese Yen.

Reporting of transactions under FC accounts other than those of Bangladesh nationals working abroad

Reporting of transactions under FC accounts of Bangladesh nationals working abroad

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Inward remittances received from branches/ correspondents abroad in cover of Taka drafts/ TTs should be reported in FCR-l and shown in Summary Statement FCS-7 at serial 1. On disposal of foreign exchange, the resultant Taka proceeds credited to non-resident Taka account of foreign branch/ correspondent should be reported in Schedule FCP- 1 (payment for imports) if fund is utilized to cover payment for imports and in FCP-6 (Transfer to FC account maintained with other Authorised Dealers) in case fund is placed for sale or transferred to any other Authorised Dealer.

Transactions which are settled through the ACU mechanism utilizing funds from the foreign currency accounts of Bangladesh nationals working abroad should be reported on Summary Statement S-2. The supporting Schedules (E-2, E-3 etc.) however should be separately and distinctly identified by means of a suitable inscription according to the transaction's mode of financing viz. cash, foreign currency funds of Bangladesh nationals working abroad as the case may be. The summary total must agree with the total of the Schedules.

13. (a) Payments against inland LCs in foreign exchange (See Para 32.B(1), Ch-15, Vol.1) will be reported in Summary Statement S-1 against sl no 11 on sales side as "payment against inland LC". The recipient Authorised Dealer shall report the receipt as sl no 11 on the purchase side of S-1 as "receipt in settlement of inland LC".

(b) Transactions in foreign Currency retention quota accounts of exporters are to be reported in the following manner:

(1) Monthly Summary Statement EFCS-8 (See Appendix-7) containing all transactions made under the exporters' foreign currency retention quota accounts shall be prepared and submitted.

(2) The amount in foreign currencies (except ACU dollar) credited to retention quota account (out of repatriated export proceeds) shall be shown under serial No. 9 in the sales side of S-1 as "Transfer on account of exporters retention quota to EFCS-8". As a contra, this amount will be shown in the Deposits side of statement EFCS-8 at serial

Reporting of inland LC settlements

Reporting of transactionsunder exporters' FC retention quota accounts

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No 1. Schedule EFCR-1 (See Appendix-7-I) will accompany this statement.

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(3) The amount in ACU dollar credited to retention quota account out of export proceeds repatriated under the ACU mechanism shall be shown in the sales side of S-2 at serial 9 as "Transfer to S-1 on account of exporter's retention quota". Simultaneously, this amount will be shown in the purchase side of S-1 at serial No.9 as "Receipt from S-2/ S-4/ S-5 on account of exporter's retention quota." The same amount will be reported as contra in the sales side of S-1 and EFCS-8 as described in sub-para (2) above.

(4) Retention quota against export receipts through non-resident Taka account will be credited by the Authorised Dealer to the retention quota account by selling equivalent Pound Sterling/ US Dollar/ DM/ Japanese Yen, which will be shown in the sales side of S-1 against Serial No. 9 as "Transfer on account of Exporter's retention quota". This amount will be reported in the deposits side of EFCS-8 at sl. No. 1 alongwith supporting schedule EFCR-l as mentioned in subpara (2) above.

(5) For barter transactions, the same procedure as described under (3) above shall apply, except that the transfer to S-1 will in this instance be from S-5 rather than S-2.

(6) The portion of retention quota maintained as term deposits is to be shown separately at item No. 1 on the Deposit side of EFCS-8 in the space provided for therein.

(7) The amounts debited from the exporter's retention quota accounts for imports and other expenses by the exporters should be reported in the withdrawal side against Nos. 1 and 2 enclosing Schedules EFCP-1 and EFCP-2 respectively (See Appendices 7-II and 7-III).

(8) Debits to retention quota accounts for payment settlement through ACU should be shown in the withdrawal side of EFCS-8 at sl no 3 as "Transfer to S-2 for settlement under ACU" and its Contra on the purchase side of S-2 at sl. No. 9 would be "Receipt by way of transfer from EFCS-8 for payment through this account".

14. In order that exports or other invisible earnings of EPZ are accounted for the Authorised Dealers will open Notional Account of EPZ' for their EPZ constituents to which all foreign

Reporting of exports from the EPZs

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CH 2 20

currency receipts in respect of the EPZ constituents will be credited. Deposits into the Notional Account will not be taken into the regular exchange position of the Authorised Dealer. The portions of export proceeds of EPZ industries encased to Taka will be taken into the regular exchange position of the Authorised Dealers and reported in the normal Summary and Schedules as invisible receipts by debit to the Notional Account.

EPZ will be treated as a separate economic territory. A separate country code has been assigned for EPZ, under which all foreign currency transactions with EPZ, (between EPZ and Bangladesh) will be reported. For the transactions of various nature, appropriate existing codes should be used.

Authorised Dealers should maintain separate register/ ledger for foreign exchange transactions of EPZs. The forms for prescribed Returns and Summary Statements to be used for EPZ transactions Should be printed in light yellow coloured paper.

15. Authorised Dealers may amalgamate stocks of foreign currency notes purchased from customers (and taken into exchange position) and those credited into FC accounts of customers in so far as separate accounts are maintained of these stocks. They may also transfer foreign currency notes from one account to another with a corresponding transfer of funds from or to the special accounts to or from the special accounts relating to balances of customer's FC accounts.

Transfer of foreign currency notes from the special accounts relating to balances of customer's FC accounts to the exchange position of the Authorised Dealer should be reported in S-6 Statement against item No. 3 (purchase from banks in Bangladesh) and the transfer of the corresponding amount from the Authorised Dealer's regular account to the aforesaid special account as sale against item No. 6 of the S-1 statement. Similarly, transfer of foreign currency notes from the exchange position of an Authorised Dealer to the special account relating to balances of customer's FC Accounts should be reported as sale against item No. 2 of the S-6 Statement and the corresponding transfer of the fund from the said special account to the regular account of Authorised

Amalgamation of cash holdings pertaining to FC accounts of customers and regular accounts of Authorised Dealer

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Dealer should be reported as purchase against item No. 6 of the S-1 Statement.

CH 2 21

16. Transactions relating to deposits into and withdrawals from FC accounts of Bangladesh nationals working abroad Should be reported in Schedules FCR and FCP as under:

(a) Deposits:

(i) FCR-1 (Appendix-6-I)Countrywise inward remittances through banking channel.

(ii) FCR-2 (Appendi-x-6-II)Countrywise inward remittances through non-resident Taka accounts.

(iii) FCR-3 (Appendix-6-III)Drafts, TCs etc. locally deposited into FC accounts

(iv) FCR-4 (Appendix-6-IV)Countrywise inward remittances through postal channel

(v) FCR-6 (Appendix-6-V)Transfers from FC accounts maintained with other Authorised Dealers and/or conversion from other foreign currency.

(b) Withdrawals:

(i) FCP-l (Appendix-6-VI)Drafts etc. issued for imports without LC.

(ii) FCP-2 (AppendiY-6-VII)Import payments against LCs.

(iii) FCP-3 (Appendix-6-VIII)Debits raised for cost of passages for foreign travel.

(iv) FCP-4 (Appendix-6-IX)Debits raised for travel expenses.

(v) FCP-5 (Appendix-6-X)Miscellaneous payments in foreign exchange.

(vi) FCP-6 (Appendix-6-XI)Purchase by Authorised Dealer for transfer to S-1.

(vii) FCP-8 (Appendix-6-XII)Remittances to FC account holders.

(viii) FCP-9 (Appendix-6-XIII)Transfers to FC accounts with other banks.

17. Authorised Dealers themselves shall make arrangements for printing of Forms and Returns from time to time which should conform

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exactly to the size, color, contents and format as prescribed by the Bangladesh Bank, in the following manner:

CH 2 22

(a) The stubs provided on the forms EXP and IMP will be filled in by Authorised Dealers in the following manner:

The first three boxes of EXP and IMP number will bear Authorised Dealer's branch code assigned by the Bangladesh Bank and the next five boxes are meant for mentioning the serial number of Register of Issuing Forms maintained at the bank and the last two boxes are meant for mentioning the last two digits of the year of registration.

(b) Forms and Schedules other than TM, IMP and EXP will not bear any serial number.

(c) Size of different Forms, Statements, Schedules etc. will be as under:

Name of Forms, Statements, etc. SizeLength Breadth

Forms EXP, IMP, TM andStatements S-1, S-2, S-4, S-5S-6, FCS-7 and EFCS-8All Schedules

36 cm 23 em 30 cm 21 cm

(d) Papers of the following colours should be used for printing the various Summary Statements:

Name of Statement ColourS-1S-2S-4S-5S-6Statement for reportingEPZ transactionsFCS-7EFCS-8

Light greenLight blueOrangePinkWhite

Light yellowLight grayGrey

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CH 2 23

Authorised Dealers should take utmost care in the printing of these Forms exactly as prescribed, and should ensure adequate supply of Forms to their customers to avoid any complaint of non-availability/ scarcity.

18. Authorised Dealers must submit in Schedule K (See Appendix-33) quarterly Return of operations of private non-resident Taka accounts of non-bank clients (i.e. other than Taka accounts of non-resident banks which are reported on S-4 Statement). The Schedules should reach the concerned area office of the Bangladesh Bank by 12th April, 12th July, I2th October and 12th January. Only totals for all such accounts of credits and debits passed during the period and of the balances arc required. Schedule K consists of the following categories:

(a) Private non-resident Taka accounts of Indian nationals other than bank branches and correspondents.

(b) Private non-resident Taka accounts of non-Indian nationals excluding bank branches and correspond e n is.

19. Head offices/ principal offices of the Authorised Dealers are also required to submit the following statements relating to imports/ exports to the General Manager, Foreign Exchange Policy Department, Bangladesh Bank, Head Office, Dhaka:

(a) Monthly statement of outstanding payment commitments abroad in the prescribed proforma (See Appendix-34) as of the month end, reaching the Bangladesh Bank by the 15th of the following month. Position in regard to public sector including TCB and the position in regard to the private sector should be shown separately, using separate forms for each of the following month.

(b) Monthly Statement (See Appendix-35) showing commodity wise value of import LCs outstanding as of each month end, to reach the Bangladesh Bank by the 10th of the following month.

Operations on privateNon-residentTaka account

Statement of outstanding foreign paymentcommitments

Commodity wise statement of import LCs opened and outstanding

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CH 2 24

(c) Monthly statement (See Appendix-36) of outstanding export bills its of each month end, to reach the Bangladesh Bank by the 15th of the following month.

20. Authorised Dealers are required to furnish half yearly returns in the prescribed proforma (See Appendix-37) to the Bangladesh Bank as of end June and end December showing the balances held by them in blocked accounts. These Return should reach the Bangladesh Bank by the 7th July and 7th January respectively. This return should show account holders resident in each country separately. Similarly, half yearly Returns in the prescribed protorma (See Appendix-38) showing the securities held by Authorised Dealers in blocked accounts should also be furnished. These Returns should include the balances and securities held in non-resident accounts blocked by orders of the Bangladesh Bank. Where there are no accounts or securities to report. Nil Return Should be sent. The Returns as of 30th June and 31st December should reach Bangladesh Bank by the 7th of July and January.

21. The procedure with regard to coding as mentioned in this Chapter shall also apply to imports under foreign loans and grants with the following modifications:

(a) IMP Forms shall be listed on a schedule bearing combined EL-1 /EL-2 /EL-3 (See Appendiv-39). The schedules will be prepared in duplicate in the following manner:

(i) In cases where no remittance is involved, the heading EL-1 to be retained and headings EL-2/ EL-3 deleted.

(ii) In cases of imports under reimbursable loans and credits under which payments are first made out of Bangladesh's cash resources and are subsequently reimbursed by loan/ grant giving agency, the heading EL-2 is to be retained and the headings EL-1 /EL-3 to he deleted.

(iii) In Case of supplier's credit under which remittance of down payment is involved the heading EL-3 to be retained and the headings EL-1 and EL-2 deleted. The

Statement of outstanding export bills

Returns of blocked accounts and securities

Reporting procedure for imports under foreign loans and grant

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CH 2 25

relative Schedule EL-3 bears pertinent country, commodity and category codes. Payments of interest should, however, be reported on TM Forms and Schedule E-4 and the purpose should invariably be coded against the interest Code Number.

Authorised Dealers Should take extreme care in reporting cases where IMP Forms are not required. Such cases should invariably be reported in schedule EL-1. It should also be noted that like EL-3. EL-1 and EL-2 bear pertinent country commodity and category codes.

(b) Separate Schedule should be used for each Loan/ Grant. The name of the Loan/ Grant should be clearly described on the schedule ill the space provided therefor.

(c) With regard to coding of Schedules EL-1 /EL-2 /EL-3 the procedure shall be as follows:

(i) The stubs on the right hand top of the Schedule should be left blank.

(ii) In the Column meant for amount the amount in foreign currency should be stated.

(iii) The existing codes as prescribed by the Bangladesh Bank including HS codes are to be used as usual in the Schedules for coding commodity, country, department, currency etc.

Authorised Dealers will Submit Schedule EL-1 /EL-2/ EL-3 relating to Loans/ Grants with relative Summary Statements to the Bangladesh Bank along with other Summary Returns in the usual manner

22. (i) Authorised Dealers are required to maintain record of their exchange Position in each currency in which they maintain an account as at the close of business on each working day in the prescribed proforma (See Appendix-40). These currency wise daily position statements Should be kept ready for immediate submission to Bangladesh Bank as and when called for.

Record of exchange position

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CH 2 26

(ii) The proforma of exchange position has been drawn up to suit the different types of book keeping used in different banks and in some cases some of the items will not be required. The main items which may cause some difficulty are explained below. In the event of any further difficulty being encountered, the Authorised Dealer should refer the matter to the Bangladesh Bank.

The exchange position on a particular day is the extent to which the Authorised Dealer has bought or sold on his own account without covering contracts with the Public, the Bangladesh Bank or other Authorised Dealers. The position can be calculated by adding to its currency holding, the total of his contracted purchases and by deducting the total of his contracted sales. If, however, the Authorised Dealer has no currency holding but is overdrawn with his correspondents abroad, the position can be calculated by deducting his contracted purchases from the total of his overdrawn balance and his contracted sales. If his spot holding plus purchases exceed his sales or if his purchases exceed the combined total of his overdrawn balances plus his sales, it is an overbought position and vice versa. Open position should be worked out on the basis of opening balance and other transactions as per the books of the Authorised Dealer. The opening balance required is that which is in the Authorised Dealer's own books on the day specified. As all assets take the form or debit balances and all liabilities the form of credit balances, if an Authorised Dealer holds a credit balance with his correspondent, his local books will show a debit balance, as he is holding an asset. Similarly, an overdrawn position with his correspondent will be shown as a credit balance in his local books. If he is holding currency, the balance is entered on left hand side, if he is owing currency, it is entered on the right.

(a) Outward bills purchased (temporary account)

Banks have different methods of entering bills purchased. Some banks enter these immediately into their currency account, in which case this item will not be required. On the other hand, some banks debit their bills purchased to a temporary suspense account and transfer to their currency account at tile estimated time

Calculation of exchange position

Page 30: Bangladesh Bank 2

when the bill is payable. On the date the exchange position is prepared the total in the suspense account must be entered under this heading.

CH 2 27

(b) Bills negotiated abroad charged to account and responded to but no sales shown in exchange position

This is intended to cover the bills which have been received after negotiation abroad, entered into the currency account but not taken up by the customers, when the person who has had the relative credit opened covers the requirement by forward purchase of currency. The amount of such bills should be shown under the heading in order to offset the effect of outstanding forward sales included on the sales side on the final position.

(c) Proceeds of bills: sales booked but not credited in local books

This item is intended for those banks who have to remit currency to their agents and who have booked the sale but have not entered the amount in their currency accounts. For example, suppose that a bank in Dhaka has to remit the proceeds of a Sterling bill to its London correspondent; if the sale has been booked bill for some reason or other it has not been able to pass entries in its books or issue the advice, then the amount must be shown here. Again, some banks if they issue drafts do not credit their currency accounts until such estimated time as their correspondents will receive the advice of issue, the amount is held on a suspense account in the interval. Such amounts must be shown under this heading.

(d) Foreign currency bills, MTs and TTs payable

Banks receive from their correspondents advice of drafts in foreign currency issued on them or MTs and TTs to pay foreign currency or its equivalent. This in fact will be ultimately a purchase of the currency from the beneficiary of the transaction. If the Authorised Dealer does not enter into his, currency position the amount of draft or transfer until it is actually paid, this heading will not be required. If, however, he enters the amount in his currency account immediately on receipt of advice with a contra entry to a suspense account, the amount

Page 31: Bangladesh Bank 2

outstanding on the suspense account on the date of the Return must be entered here.

CH 2 28

23. Authorised Dealers shall submit to the Foreign Exchange Policy Department, Bangladesh Bank, Head Office, Dhaka a weekly statement reporting their exchange position (overbought /oversold) as at close of business every Thursday, using for this purpose the proforma at Appendix-40. The statement shall be in a consolidated form covering positions in all currencies, with the figures in other currencies converted to equivalent US dollars.

24. Authorised Dealers are also required to submit to the Bangladesh Bank a statement (See Appendix-41) of their foreign currency balances held abroad, as and when called for by Bangladesh Bank.

Statement of foreign currency balances

Page 32: Bangladesh Bank 2

APPENDICES

Page 33: Bangladesh Bank 2
Page 34: Bangladesh Bank 2

STATEMENT S1 For Transactions in all Currencies, other than transactions with

ACU member countries

P U R C H A S E SFor Bangladesh Bank's use AMOUNT

Cr. Lac Th. UnitA. From Abroad:-1. Exports (Schedule PA-1, A-2/0-2)

Raw Jute 8881Jute goods 8882Ready made Garments 8883Others 8884

Sub-Total:2. (a) Amounts equivalent to $ 2,000 and above other than for exports (covered by Form 'C' and Schedule J-1

attached). J-1 covers purpose codes from 0001 to 5999 of Cod-5. (b) Amounts equivalent to $ 2,000 and above other than for exports (covered by Form 'C' and Schedule J-2

attached). J-2 covers purpose codes from 6001 to 9999 of Code5.

9991

99923. (a) Amounts equivalent to below $ 2000 other than for exports (LRV-1 attached). IRV-I Cover Purpose

codes from 0001 to 5999 of Code-5.(b) Amounts equivalent to below. $ 2,000 other than for exports (IRV-2 attached) IRV-2 covers purpose

codes from 6001 to 9999 of Code-5.

9993

9994B. Exchange, Transfers and Adjustments: Sub-Total:4. Purchases from overseas branches and correspondents for credit of the Taka equivalent to non-resident

bank account (Schedule 'H' attached ). 60105. Purchases against sales of other foreign currencies (Schedule 'B') 60116. Purchases from other Authorised Dealers and Branches in Bangladesh maintaining a separate currency

position (Schedule 'C'). 60127. Purchases from Bangladesh Bank (Schedule 'D' ). 60138. Branch transactions adjusted through this Account (Schedule 'O'). 60149. Purchases on account of others (State): i) ……………… ii) ………………

6015

*Opening Balance (Dr.) 6210*Closing Balance (Cr.)

GRAND TOTAL:6410

Statement of transactions for the period ended

Name of Authorised Dealer

Currency

APP. 1See Chapter 2 Para 5

Page 35: Bangladesh Bank 2

SALES

A. Abroad :

1. Imports (Schedule E-2/P-2)

Cash (Schedule E-2/P-2) 0000

Grants/Loans/sup. credits (Schedule EL1/2/3) 0001

2. Invisible (Schedule E-3/P-3). E-3/P-3 covers purpose codes from 0001 to 5999 of Code 7 ……… 1001

3. Miscellaneous (Schedule E-4/P-4) E-4/P-4 covers purpose codes from 6001 of to 9999 of Code 7.... 1002

Sub Total :

B. Exchanges, Transfers and Adjustments:

4. Sales of foreign currencies to the debit of non-resident bank account** 2010

5. Sales against purchases of other foreign currencies (Schedule 'F') 2011

6. Sales to other Authorised dealers and Branches in Bangladesh maintaining a separate currency

position (Schedule 'G') 2012

7. Sales to Bangladesh Bank (Schedule 'D') 2013

8. Branch transactions adjusted through this account (Schedule 'P') 2015

9. Sales on account of others (State) :

i)…..…………….

ii).……………….

2014

*Opening Balance(Dr.)………………………….. 2210

*Closing Balance(Cr.)…………………………… 2410

GRAND TOTAL :

**Total of currency must agree with those reported on Schedule 'M' attached to S-4 Statement. * Delete not applicable.

Signature and Stamp of the Authorised Dealer

Page 36: Bangladesh Bank 2

STATEMENT S2 For Transactions ACU member Countries under ACU mechamism

9 8

P U R C H A S E SFor Bangladesh Bank's use AMOUNT

Cr. Lac Th. UnitA. From Abroad:-1. Exports (Schedule A-1/0-1, A-2/0-2)

Raw Jute 8881Jute goods 8882Ready made Garments 8883Others 8884

Sub-Total:2. (a) Amounts equivalent to $ 2,000 and above other than for exports (covered by Form 'C' and Schedule J-1

attached). J-1 covers purpose codes from 0001 to 5999 of Cod-5…………. (b) Amounts equivalent to $ 2,000 and above other than for exports (covered by Form 'C' and Schedule J-2

attached). J-2 covers purpose codes from 6001 to 9999 of Code--5……………

9991

99923. (a) Amounts equivalent to below $ 2000 other than for exports (IRV-1 attached). IRV-I Cover Purpose

codes from 0001 to 5999 of Code 5………………..(b) Amounts equivalent to below. S 2,000 other than for exports (IRV-2 attached) IRV-2 covers purpose

codes from 6001 to 9999 of Code 5………………..

9993

9994B. Exchange, Transfers and Adjustments:- Sub-Total:4. Purchases from overseas branches and correspondents for credit of the Taka equivalent to non-resident

bank account (Schedule 'H' attached )…………………. 60105. Purchases against sales of other foreign currencies (Schedule 'B')………………. 60116. Purchases from other Authorised Dealers and Branches in Bangladesh maintaining a separate currency

position (Schedule 'C')……………………………. 60127. Purchases from Bangladesh Bank (Schedule 'D' )…………………………… 60138. Branch transaction adjusted through this account (Schedule 'O')…………………….. 6014

9. Receipts by way of transfer from FES-7 and FCS-8 for Payments through this Account …………. 6016 10. Purchases on account of others (State): i) ……………………….. 6015

ii) ……………………….. 6210*Opening Balance (Dr.): 6410*Closing Balance (Cr.): GRAND TOTAL:

Statement of transactions for the period ended

Name of Authorised Dealer

Currency AMU (ACU dollar)

APP. 2See Chapter 2 Para 5

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SALES

A. Abroad :

1. Imports (Schedule )…………………………

Cash (Schedule E-2/P-2) 0000

Grants/Loans/sup. Credits

(Schedule EL-1/2/3)

0001

2. Invisible (Schedule E-3/P-3). E-3/P-3 covers purpose codes from 0001 to 5999 of Code 7 ……… 1001

3. Miscellaneous (Schedule E-4/P-4) E-4/P-4 covers purpose codes from 6001 of to 9999 of Code 7.... 1002

Sub Total :

B. Exchanges, Transfers and Adjustments:

4. Sales of foreign currencies to the debit of non-resident bank account**………………… 2010

5. Sales against purchases of other foreign currencies (Schedule 'F')………………………. 2011

6. Sales to other Authorised Dealers and Branches in Bangladesh maintaining a separate currency

position (Schedule 'G')………………………………..

2012

7. Sales to Bangladesh Bank (Schedule 'D')……………………………. 2013

8. Branch transactions adjusted through this account (Schedule 'P') 2015

9. Sales on account of others (State) : i)…..…………….

ii).……………….

2014

*Opening Balance(Dr.)………………………….. *Closing Balance(Cr.)……………………………

22102410

GRAND TOTAL :

**Total of currency must agree with those reported on Schedule 'M' attached to S-4 Statement. * Delete not applicable. * Note : Each ACU $ is by Definition equivalent to one US $.

Signature and Stamp of the Authorised Dealer

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STATEMENT S4 STATEMENT OF TRANSACTIOONS ON THE TAKA ACCOUNT OF

NON-RESIDENT BANK BRANCHES AND CORRESPONDENTS

D E B I T i . e . R E C E I P T SFor Bangladesh Bank's use AMOUNT

Cr. Lac Th. Unit

1. Exports (A-1/ 0-1,A-2 / 0-2) ………………………………….Raw Jute 8881Jute goods 8882Ready made Garments 8883Others 8884

Sub Total:2. (a) Amounts equivalent to $ 2,000 and above other than for exports (covered by Form 'C' and Schedule J-1

attached). J-1 covers purpose codes from 0001 to 5999 of Cod-5. (b) Amounts equivalent to $ 2,000 and above other than for exports (covered by Form 'C' and Schedule J-2

attached). J-2 covers purpose codes from 6001 to 9999 of Code-5.

9991

99923. (a) Amounts equivalent to below $ 2000 other than for exports (IRV-1 attached). IRV-I Cover Purpose

codes from 0001 to 5999 of Code-5.(b) Amounts equivalent to below. $ 2,000 other than for exports (IRV-2 attached) IRV-2 covers purpose

codes from 6001 to 9999 of Code-5.

9993

9994 Sub Total

4. Debit against transfers to Non-resident Accounts (Schedule 'L' attached) …………………………. 70105. Debit against sales of foreign currencies (Schedule 'M') ………………… 70116. Branch transactions adjusted through this account (Schedule 'O')…………………………….. 70137. Payments on account of others )State) i) ……………………………………………………………………. ii) …………………………………………………………………… iii) ……………………………………………………………………

7014

*Opening Balance (Dr.) 7210*Closing Balance (Cr.)

GRAND TOTAL:7410

Statement of transactions for the period ended

Name of Authorised Dealer

Currency

APP. 3See Chapter 2 Para 5

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SALES

1. Imports (Schedule E-2/P-2) 0000

2. Invisible (Schedule E-3/P-3) Schedule E-3/P-3 covers purpose codes from 0001 to 5999 of Code-7 1001

3. Miscellaneous (Schedule E-4/P-4) Schedule E-4/P-4 covers purpose codes from 6001 of to 9999 of

Code-7. 1002

Sub Total :

4. Credit against transfers from other non-resident accounts (Schedule 'R' attached). 3010

5. Credit against purchases of foreign currencies ** 3011

6. Branch transactions adjusted through this account (Schedule 'P') 3014

7. Receipts on account of others (state):

i)………………………………………………………….

ii)………………………………………………………….

iii)………………………………………………………….

3013

*Opening Balance(Cr.) 3210

*Closing Balance(Dr.) (Schedule 'N') 3410

GRAND TOTAL :

**Total of currency must agree with those reported on Schedule 'H' attached to S-4 Statement. * Delete not applicable.

Signature and Stamp of the Authorised Dealer

APP. 4See Chapter 2 Para 5

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STATEMENT S5 (Barter & STA Transactions)

D E B I T i . e . R E C E I P T SFor

Bangladesh Bank's use

AMOUNTCr. Lac Th. Unit

1. Exports (Schedule A-1/0-1, A-2/0-2)Raw Jute 8881Jute goods 8882Ready made Garments 8883

Others 8884 Sub-Total:

2. Amounts of $ 2,000 & above covered by Form 'C' other than for exports (Schedule 'J/O-3) 99913. Other debits for amounts below $ 2,000 (IRV/O-4). 9992 Sub-Total:4. Debit against transfers to other non-resident accounts (Schedule "L") 70105. Debit against sales of foreign currencies (Schedule 'M') 7011*Opening Balance (Dr.) 7210*Closing Balance (Cr.) 7410 GRAND TOTAL:

Statement of transactions for the period ended

Authorised Dealer

Currency

Barter Agreement with dated

(State Country)

Page 41: Bangladesh Bank 2

C R D I T i. e. P A Y M E N T S

1. Imports (Schedule E-2/P-2) 0000

2. Travel (Schedule E-3/P-3) 1001

3. Miscellaneous (Schedule E-4/P-4) 1002

Sub Total :

4. Credit against transfers from other non-resident accounts (Schedule 'R') 3010

5. Credit against purchases of foreign currencies ** 3011

*Opening Balance(Cr.) 3210

*Closing Balance(Dr.) (Schedule 'N') 3410

GRAND TOTAL :

**Total must agree with the Taka amount on Schedule 'H' to S-1 and S-2 Statement. * Delete not applicable.

Signature and Stamp of the Authorised Dealer

APP. 5See Chapter II Para 5

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STATEMENT S-6 FOREIGN CURRENCY NOTES ACCOUNTS

PURCHASESFor

Bangladesh Bank's use

AMOUNT

Cr. Lac Th. Unit

1. From public amount equivalent to $ 2,000 and above. (Schedule, J-1/J-2 attached) 9991

2. From public amount equivalent to $ 2,000 and above. (Schedule, IRV-1/IRV-2 attached) 9992

3. Purchases from banks in Bangladesh. (Schedule C attached) 6012

4. Contra to Purchases from abroad 6016

5. Opening balance (Cr.) 6225

GRAND TOTAL:

SALES

1. Sales to Public (Schedule E-3) 1001

2. Sales to banks in Bangladesh (Schedule G) 2012

3. Contra to Sales abroad 2016

4. Closing Balance (Cr.) 2425

Signature and Stamp of Authorised Dealer

Statement of transactions for the period ended

Name of Authorised Dealer

Currency

GRAND TOTAL:

APP. 6See Chapter 2 Para 5

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S T A T E M E N T FCS - 7

(For transaction under Foreign Currency Accounts of Bangladesh National Working Abroad)

D E P O S I T SFor

Bangladesh Bank's use

AMOUNT

Cr. Lac Th. Unit

A. Receipts from abroad:

1. Through Banking Channel (Schedule FCR-1) 9991

2. Through Non-Resident Taka Account (Schedule FCR-2) 9992

3. Through local deposit in to Foreign Currency Accounts viz. Draft, T.C Cash etc. (Schedule FCR-3) 9994

4. Through Postal remittances (Money orders, Postal Order) (Schedule FCR-4) Total receipts from abroad 9994

B. Exchanges, Transfers and Adjustments:

5. Amounts received by way of transfer from Foreign Currency Accounts maintained with other Authorised

Dealers and/or conversion from other Foreign Currency ((Schedule FCR-6) 6010

Opening Balance:

a) Credit Balance of Foreign Currency 6210

b) Account held as L/C covers 6211

GRAND TOTAL:

Statement of transactions for the period ended

Name of Authorised Dealer

Currency

Page 44: Bangladesh Bank 2

WITHDRAWALS

1. Imports:

a) Drafts, M.T., T.T. etc. issued (Schedule FCP-1)

b) Payment for Imports against Letters of Credit out of Foreign Currency Accounts

0000

0001

2. Travel:

a) Cost of passages for travel abroad (Schedule FCP-3)

b) Amount debited for travel expenses T/M-form at (Schedule FCP-4)

1001

1002

3. Miscellaneous Payments in Foreign Exchange (Schedule FCP-5) 1003

4. Purchase by A.D. for transfer to S-1 (Schedule FCP-6) 1004

Exchanges, transfers and Adjustments :

5. Transfer to Account holder (non for import T/M Form attached ) (Schedule FCP-8) 2012

6. Transfer to ACU Accounts for settlement of imports and invisibles 2011

7. Transfer to Foreign Currency Account maintained with other Authorised Dealers and

withdrawal for conversion into other Foreign Currency (Schedule FCP-9) 2010

Closing Balance:

a) Credit Balance of Foreign Currency Account

b) Amount held as L/C covers

2210

2211

GRAND TOTAL:

Date ……………………. Signature and Stamp of the Authorised Dealer

Page 45: Bangladesh Bank 2

See Chapter 2 Para 16(a) App. 6-I

SCHEDULE FCR 1

(CPONTRY WISE INWARD REMITTANCE OF BANGLADESH NATIONALSWORKING ABROAD THROUGH BANKING CHANNEL).

Period

Authorised Dealer

Currency

SL. NO. NAME OF THE COUNTRY CODE NUMBER(Country Code)

AMOUNT IN CURRENCY

Cr. Lac Th. Unit

TOTAL:

Signature and Stamp of theDate .......................... Authorised Dealer.

Page 46: Bangladesh Bank 2
Page 47: Bangladesh Bank 2

See Chapter 2 Para 16(a) App. 6-II

SCHEDULE FCR 2

(COUNTRY WISE INWARD REMITTANCERECEIVED FROM ABROAD THROUGH

NON-RESIDENT TAKA ACCOUNT)

Period

Authorised Dealer

Currency

SL. NO. NAME OF THE COUNTRY CODE NUMBER(Country Code)

AMOUNT IN CURRENCY

Cr. Lac Th. Unit

TOTAL:

Signature and Stamp of theAuthorised Dealer.

Date ...........................

Page 48: Bangladesh Bank 2

See Chapter 2 Para 16(a) App. 6-III

SCHEDULE FCR 3

(DRAFTS, T.C. ETC. LOCALLY DEPOSITED

INTO F.C. ACCOUNTS)

Period

Authorised Dealer

Currency

SL. NO. NAME OF THE COUNTRY COUNTRY CODEAMOUNT IN CURRENCY

Cr. Lac Th. Unit

TOTAL:

Signature and Stamp of theAuthorised Dealer.

Date ..........................

Page 49: Bangladesh Bank 2

See Chapter 2 Para 16(a) App. 6-IV

SCHEDULE FCR 4

(POSTAL INWARD REMITTANCES)

Period

Authorised Dealer

Currency

SL. NO. COUNTRY Country CodeAMOUNT IN CURRENCY

Cr. Lac Th. Unit

TOTAL:

Signature and Stamp of theAuthorised Dealer.

Date ..........................

Page 50: Bangladesh Bank 2

See Chapter 2 Para 16(a) App. 6-V

SCHEDULE FCR 6

(TRANSFERS FROM F.C. ACCOUNT MAINTAINED

WITH OTHER AUTHORISED DEALERS)

Period

Authorised Dealer

Currency

SL. No. Name of Authorised dealers from whom transferred

Account number credited

Amount in Currency

Cr. Lac Th. Unit

TOTAL:

Signature and Stamp of theAuthorised Dealer.

Date ..........................

Page 51: Bangladesh Bank 2

See Chapter 2 Para 16(b) App. 6-VI

SCHEDULE FCP1

(DRAFTS ETC. ISSUED FOR

IMPORTS WITHOUT L/C

Period

Authorised Dealer

Currency

Sl. No.

IMP Form No.

Quantity Amount in

Currency

Code Number

Unit Unit

Code

VolumeCountry Commodity

Cate-gory

Cr. Lac Th. Unit

TOTAL:

Signature and Stamp of the Authorised Dealer.

Date ..........................

Page 52: Bangladesh Bank 2

See Chapter 2 Para 16(b) App. 6-VII

SCHEDULE FCP2

PAYMENTS AGAINST LETTERS OF CREDIT

Period

Authorised Dealer

Currency

Sl. No.

IMP Form No.

Quantity Amount in

Currency

Code Number

Unit Unit

Code

VolumeCountry Commodity Category

Cr. Lac Th. Unit

TOTAL:

Signature and Stamp of the Authorised Dealer.

Date ..........................19

Page 53: Bangladesh Bank 2

See Chapter 2 Para 16(b) App. 6-VIII

SCHEDULE FCP3

(Debit raised for cost of passages for foreign travel)

Period

Authorised Dealer

Currency

Sl. No.

No. of Passengers

Amount in

Currency

Code Number

Country Purpose CategoryCr. Lac Th. Unit

TOTAL:

Signature and Stamp of the Authorised Dealer.

Date .........................19

Page 54: Bangladesh Bank 2

See Chapter 2 Para 16(b) App. 6-IX

SCHEDULE FCP4

(Debit raised for travel expenses)

Period

Authorised Dealer

Currency

Sl. No.

No. of Passengers

Amount in

Currency

Code Number

Country Purpose CategoryCr. Lac Th. Unit

TOTAL:

Signature and Stamp of the Authorised Dealer.

Date .........................19

Page 55: Bangladesh Bank 2

See Chapter 2 Para 16(b) App. 6-X

SCHEDULE FCP5

(Miscellaneous Payments in Foreign Exchange)

Period

Authorised Dealer

Currency

Sl. No.

FC

Account No. debited

Amount in

Currency

Code Number

Country Purpose CategoryCr. Lac Th. Unit

TOTAL:

Signature and Stamp of the Authorised Dealer.

Date .........................19

Page 56: Bangladesh Bank 2

See Chapter 2 Para 16(b) App. 6-XI

SCHEDULE FCP6

Purchase by AD for transfer to S-J

Period

Authorised Dealer

Currency

Sl. No. Account No.Amount in Currency

Cr. Lac Th. Unit

TOTAL:

Signature and Stamp of the

Page 57: Bangladesh Bank 2

Authorised Dealer.Date .........................19

See Chapter 2 Para 16(b) App. 6-XII

SCHEDULE FCP8

(Remittances to F. C. Account holders)

Period

Authorised Dealer

Currency

Sl. No. FC Account

Number debited

Amount

Country Code

Cr. Lac Th. Unit

TOTAL:

Signature an Authorised Dealer.Date .........................19

Page 58: Bangladesh Bank 2

See Chapter 2 Para 16(b) App. 6-XIII

SCHEDULE FCP9

(Transfer to F. C. Accounts with other banks)

Period

Authorised Dealer

Currency

Sl. No. Name of the A/D. to

whom transferred

FC Account

number debited

Amount in

Currency.

TOTAL:

Signature and Stamp of the Authorised Dealer.

Date .........................19

Page 59: Bangladesh Bank 2

See Chapter 2 Para 5 App. 7

STATEMENT EFCS8

(Exporter Foreign Currency Retention Quota A/C )

Statement of transaction for the period ended

Name of Authorised Dealer

Currency

DEPOSITS For Bangladesh

Bank's use

Amount

Cr. Lac Th. Unit

1. Receipts by way of transfer out ofExport receipts as Foreign CurrencyRetention Quota of the Expoters(Schedule EFCR-1) of which Terms Deposits………………

2. Interest Earned on Terms Deposits

3. Others (State)…………….

Opening Balance

9045

9046[[

9047

6016

TOTAL

WITHDRAWALS For Bangladesh

Bank's use

Amount

Cr. Lac Th. Unit

1. Imports by the Exporters other than Back to Back (Schedule EFCP-1)

2. Payment to Exporters for business travel abroad and Other Miscellaneous Payments (Schedule EFCP-2)

3. Transfer to S-2 In Settlement of Import and invisibles through ACU

4. Others (State) Closing Balance

2001

2018

2016

2017

2218

TOTAL:

Page 60: Bangladesh Bank 2

Date …………….. Signature and Stamp of the Authorised Dealer

See Chapter 2 Para 13(b) App. 7-I

SCHEDULE EFCR1

(Exporters retention quota transferredfrom various Statements to (EFCS-8)

Period

Name of Authorised Dealer

Currency

Sl. No. NAME OF STATEMENT AMOUNT IN CURENCY

1.

2.

3.

4.

S1 Direct transfer from S1

S2 (Amount as transferred to S-1vide F.E. Circular No.-45dated 07-09-1992)

S4 do

S5 do

Page 61: Bangladesh Bank 2
Page 62: Bangladesh Bank 2

SCHEDULE EFCP1

(For Exporter's Import-Expenses)(Other than back to back)

SCHEDULE EFCP-I

(For Exporter's Import-Expenses)(Other than back to back)

SINo.

IMPForm No.

REGISTRATIONNO.

QUANTITY AMOUNT CODE NUMBER

Unit Unit code Volume Crore Lac Th. Unit Country Commodity Category

TOTAL:

Coded by: Signature and Stamp

Date ………………… Checked by: of Authorised Dealer

APP. 7-IISee Chapter 2 Para 13(b)

Period

Name of Authorised Dealer

Currency

Page 63: Bangladesh Bank 2

See Chapter 2 Para 13(B) App. 7-III

SCHEDULE EFCP2

(For Expoter's Invisible Expenses)

Period

Name of Authorised Dealer

Currency

S1. No. AMOUNT IN CURRENCY CODE NUMBER

Cr. Lac Th. Unit Country Purpose Category

TOTAL:

Coded by:Date ………………… Signature and Stamp of

Checked by: Authorised Dealer

Page 64: Bangladesh Bank 2

See Chapter 2 Para 7 App. 8

SCHEDULE A 1 / 0 -1

Period

Name of Authorised Dealer

Currency

Sl.

No.

EXP.

NO.QUANTITY AMOUNT CODE NUMBER

UNITUNITCODE VOLUME Cr. Lac Th. Unit Country Commodity

TOTAL

Signature and Stamp of Coded by:

Authorised Dealer Checked by:

Date ..................................19

Page 65: Bangladesh Bank 2

See Chapter 2 Para 7 App. 9

SCHEDULE A 2 / 0 - 2

Period

Name of Authorised Dealer

Currency

Sl.

No.

NAME OF

EXPO-RTER

QUANTITY AMOUNT CODE NUMBER

UNITUNITCODE VOLUME Cr. Lac Th. Unit Country Commodity

TOTAL

Signature and Stamp of Coded by:

Authorised Dealer Checked by:

Date ..........................................19

Page 66: Bangladesh Bank 2

See Chapter 2 Para 7 App. 10

SCHEDULE A 3 / 0 - 3

(Receipts under Bangladesh Myanmar Boder Trade Arrangement)

Period

Name of Authorised Dealer

Currency

SI. No. EncashmentCertificate No.

DateAmount

Crore Lac. Thous. Unit

Total:

Pepared by ……………

Checked by .................

Signature and Stamp of the

Date………….……… Authorised Dealer

Page 67: Bangladesh Bank 2

See Chapter 2 Para 7 App. 11

SCHEDULE 'J - 1' / '0 - 3'

(Covers Purpose Codes From 0001 - 5999)

Period

Name of Authorised Dealer

Currency

Serial

No.

Encashment certificate Amount Code Number

No. Date Cr. Lac Th. Unit Country Purpose

TOTAL

Signature and Stamp of theAuthorised Dealer Coded by:

Date...............................19 Checked by:

Page 68: Bangladesh Bank 2

See Chapter 2 Para 7 App. 12

SCHEDULE 'J - 2' / '0 - 3'

(Covers Purpose Codes From 6001 - 9999)

Period

Name of Authorised Dealer

Currency

SerialNo.

Encashment certificate Amount Code Number

No. Date Cr. Lac Th. Unit Country Purpose

TOTAL:

Signature and Stamp of theAuthorised Dealer Coded by:

Date ...........................19 Checked by:

Page 69: Bangladesh Bank 2

See Chapter 2 Para 7 App. 13

SCIIEDULE IRV - 1 / 0 - 4

INWARD REMITTANCE VOUCHER(FOR AMOUNTS BELOW US$ 2,000 EQUIVALENT TK. AND

COVERS PURPOSE CODES FROM 0001-5999)

Period

Name of Authorised Dealer

Currency

Serial

No.

Encashment certificate Amount Code Number

No. Date Cr. Lac Th. Unit Country Purpose

TOTAL

Signature and Stamp of theAuthorised Dealer Coded by:

Date................................19 Checked by:

Page 70: Bangladesh Bank 2

See Chapter 2 Para 7 App. 14

SCIIEDULE IRV - 2 / 0 - 4

INWARD REMITTANCE VOUCHER(FOR AMOUNTS BELOW US$ 2,000 EQUIVALENT TK. AND

COVERS PURPOSE CODES FROM 6001-9999)

Period

Name of Authorised Dealer

Currency

Serial

No.

Encashment certificate Amount Code Number

No. Date Cr. Lac Th. Unit Country Purpose

TOTAL

Coded by:Date………………………..19 Signature and Stamp of the

Authorised Dealer Checked by:

Page 71: Bangladesh Bank 2

SCHEDULE ' E - 2' / 'P - 2'

SINo.

Date of triplicate received

IMPForm No.

Registration No.

QUANTITY AMOUNT IN CURRENCY

CODE NUMBER

Unit Unit code

Volume Crore Lac Th. Unit Country Commodity Category

TOTAL:

Coded by: Signature and Stamp

Date ………………… Checked by: of Authorised Dealer

APP 15See Chapter 2 Para 7

Period

Name of Authorised Dealer

Currency

Page 72: Bangladesh Bank 2

See Chapter 2 Para 7 App. 16

SCHEDULE 'E - 3' / 'P - 3'

(Covers Purpose Codes from 0001-5999)

Period

Name of Authorised Dealer

Currency

Sl. No.

Bangladesh Bank's apprroval No.

AMOUNT CODE NUMBER

Country Purpose CategoryCr. Lac Th. Unit

TOTAL:

Coded by:Signature and Stamp of tire

Date .......................... Authorised Dealer.Checked by:

Page 73: Bangladesh Bank 2

See Chapter 2 Para 7 App. 17

SCHEDULE 'E - 4' / 'P - 4'

(Covers Purpose Codes from 6001-9999)

Period

Name of Authorised Dealer

Currency

Sl. No.

Bangladesh Bank's apprroval No.

AMOUNT IN CURRENCY CODE NUMBER

Country Purpose CategoryCr. Lac Th. Unit

TOTAL:

Coded by:Signature and Stamp of tire

Date .......................... Authorised Dealer.Checked by:

Page 74: Bangladesh Bank 2

See Chapter 2 Para 7 App. 18

SCHEDULE T 'E - 5' / ' P - 5'

(Payments under Bangladesh-Myanmar Border trade Arrangement)

Period

Name of Authorised Dealer

Currency

SI. No. Draft Number DateAmount

Crore Lac. Thous. Unit

Total:

Pepared by………………….

Checked by…………………

Date……………………… Signature and Stamp of the Authorised dealer

Page 75: Bangladesh Bank 2

See Chapter 2 Para 8(a) App. 19 ORIGINAL

ADVANCE RECEIPT VOUCHER

NAME AND ADDRESS OF AUTHORISED DEALER ……………………

Sl. No.

Items Particulars Code Number

1. EXP Form Number (if the form is

available)

2. Name of the address of the exporter (in

block letter)

3. CCI & E's Registration No. and date of

exporter

4. Sector (Public or Private) under which

exporter falls

5. Name and address of foreign buyer

6. Commodity to be exported

7. Country of destination

8. Amount

received

Currency in which received

Amount

9. Date of receipt of the amount

10. Reporting period

Date ……………….

Signature and Stamp of the Authorised Dealer

Page 76: Bangladesh Bank 2

See Chapter 2 Para 8(a) App. 20

EXP FORM NOT ATTACHED VOUCHER

NAME AND ADDRESS OF AUTHORISED DEALER ……………………

Sl. No.

Items Particulars Code Number

1. EXP Form Number

2. Name of the address of the exporter (in

block letter) with address

3. CCI & E's Registration No. and date of

exporter

4. Sector (Public or Private) under which

exporter falls

5. Name of the foreign buyer

6. Commodity to be exported

7. Country of destination

8. Port of shipment

9. Amount of Export proceeds realised

Currency in which realised

Amount realised

Date of realisation

10. Reporting period

Date ……………….

Signature and Stamp of the Authorised Dealer

Page 77: Bangladesh Bank 2

See Chapter 2 Para 8(b) App. 21

SCHEDULE 'B'

PURCHASES AGAINST SALES OF OTHER FOREIGN CURRENCIES

Period

Name of Authorised Dealer

Currency

DATE Name and amount of

currency purchased

Name and amount of Equivalent

currencies sold

TOTAL:

Date ……………Stamp and Signature of the Authorised Dealer

Page 78: Bangladesh Bank 2

See Chapter 2 Para 8(c) App. 22

SCHEDULE 'C'

Currencies bought from other Authorised Dealers or Branches inBangladesh maintaining separate Currency position

Period

Name of Authorised Dealer

Currency

DATE Authorised Dealer

or Branch from whom bought

Amount

TOTAL:

Date…………………..

Signature and Stamp of the Authorised Dealer

Page 79: Bangladesh Bank 2

See Chapter 2 Para 8(d) App. 23

SCHEDULE 'D'

Transactions with Bangladesh Bank

Period

Name of Authorised Dealer

Currency

Date Bought from

Bangladesh Bank

Date Sold to

Bangladesh Bank

TOTAL: TOTAL:

Date…………………

Signature and Stamp of the Authorised Dealer

Page 80: Bangladesh Bank 2

See Chapter 2 Para 8(f) App. 24

SCHEDULE 'F'

(Currency bought against sales of other Foreign Currencies)

Period

Name of Authorised Dealer

Currency

Date Name of Currency sold Equivalent foreign currency purchased

TOTAL:

Page 81: Bangladesh Bank 2

Date Stamp and Signature of theAuthorised dealer

See Chapter 2 Para 8(g) App. 25

SCHEDULE 'G'

Sold to other Authorised Dealers or branches in Bangladeshmaintaining separate Currency position

Period

Name of Authorised Dealer

Currency

DateAuthorised Dealer

or Branch to whom sold Amount

TOTAL:

Date ………………..

Signature and Stamp of the Authorised Dealer

Page 82: Bangladesh Bank 2
Page 83: Bangladesh Bank 2

STATEMENT ' H'

Details of purchases of ……..……………. from overseas bank branches and correspondents against credits to Non-resident Bank Taka accounts Currency

Sl.No.

Name of overseas BankBranch or correspondent to

whose account the Taka equivalent is credited

Name of the AuthorisedDealer with whom the Taka

account credited is maintainedif other than the reporting

Authorised Dealer

In cases of purchases of sterling, type of A/c. Taka from which received Amount (country)

Amount ofCurrency

1

2

3

4

5

6

Date …………… Signature and Stamp of the Authorised Dealer

APP. 26See Chapter 2 Para 8(h)

Period

Name of Authorised Dealer

Currency

APP. 27See Chapter 2 Para 8(k)

Page 84: Bangladesh Bank 2

SCHEDULE ' L'

Details of Debits to Non-resident Taka accounts of bank branches and correspondents covering transfers to other Non-resident bank accounts in period ended…………..

S1.No.

Name ofNon-residentbank whoseaccount with

A.D. is debited

Address(Country)

Name of bank whoseaccount is credited

Address(Country)

Name of A.D. withWhom the A/C.Credited is kept.

Bangladesh Bank's approvalnumber (where transferrequires prior approval)

Amounttransferred

I

2

3

4

5

6

TOTAL:

Date ……………………….. Signature and Stampof the Authorised Dealer

Period

Name of Authorised Dealer

Currency

Page 85: Bangladesh Bank 2

See Chapter 2 Para 8(I) App. 28

SCHEDULE 'M'SALES OF FOEIGN CURRENCIES TO THE DEBIT OF NON-RESIDENT BANK ACCOUNT

Period

Name of Authorised Dealer

Currency

Name of Bank/branch/

Correspondent

Address

(country)

Currency

sold

Currency

amount

Taka

amount

Total:

Date.. ............

Signature and Stamp of the Authorised Dealer

Page 86: Bangladesh Bank 2

See Chapter 2 Para 8(m) App. 29

SCHEDULE 'N' BALANCE OF TAKA ACCOUNT OF NON-RESIDENT BANKS

Period

Name of Authorised Dealer

Currency

Sl. No. Name of Non-resident Banks Address (country) Closing Balance (Taka)

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16 TOTAL:

Date ……………..

Signature and Stamp of the Authorised Dealer

Page 87: Bangladesh Bank 2

See Chapter 2 Para 8(n) App. 30

SCHEDULE 'O' RECEIPTS ADVISED BY BRANCHES

Period

Name of Authorised Dealer

Currency

Name of Branch Date of Branch Transaction Amount

Cr. Lac Th. Unit

TOTAL:

Date ……………..

Signature and Stamp of the Authorised Dealer

Page 88: Bangladesh Bank 2

See Chapter 2 Para 8(n) App. 31

SCHEDULE 'P'PAYMENTS ADVISED BY BRANCHES

Period

Name of Authorised Dealer

Currency

Name of Branch Date of Branch

Transaction

Amount

Cr. Lac Th. Unit

TOTAL:

Date ……………..

Signature and Stamp of the Authorised Dealer

Page 89: Bangladesh Bank 2

SCHEDULE ' R'

CREDITS TO NON-RESIDENT TAKA ACCOUNTS OF BANK BRANCHES AND CORRESPONDENTS

S1.No.

Name ofNon-residentbank whoseaccount with

A.D. is credited

Address(Country)

Name of Non-resident

bank whose account is

debited

Address(Country)

Name of A.D. withwhom the A/C.

debitedis kept

Bangladesh Bank approvalnumber (where transferrequires prior approval)

Amounttransferred

TOTAL:

Date …………………… Signature and Stamp of Authorised Dealer

APP. 32See Chapter 2 Para 8(o)

Period

Name of Authorised Dealer

Currency

Page 90: Bangladesh Bank 2

See Chapter 2 Para 18 App. 33

SCHEDULE 'K'NON-RESIDENT TAKA ACCOUNTS OTHER THAN THOSE OF

BANK BRANCHES & CORRESPONDENTS.

Period

Name of Authorised Dealer

Currency

Date ………… Signature and stamp of the Authorised Dealer

1. Opening Balance:

(Cr.) Tk.

(Dr.) Tk. Tk.

2. Total Credits. Tk.

3. Total Debits. Tk.

4. Closing Balances:

(Cr.) Tk.

(Dr.) Tk. Tk.

Page 91: Bangladesh Bank 2

See Chapter 2 Para 19(a) App. 34

PUBLIC SECTOR (IncludingT.C.B.) PRIVATE SECTOR

STATEMENT OF OUSTANDING PAYMENT COMMITMENTS ABROAD FOR THE MONTH OF ………………19

(Figures in Crore taka)Cash Loan/Grant

1. Liters of Cedit Outstanding as at the end of Previous month: a) P.O.L. b) Food items (Rice, Wheat and Edible Oil) c) Back-to-Back Imports d) Other Imports c) Invisibles, if any

2. Letters of Cedit Opened:i) Fresh Letters of Cedit a) P.O.L. b) Food items (Rice, Wheat and Edible 0il) c) Back-to-Back Imports d) Other Imports c) Invisibles, if-anyii) Lapsed L/Cs revalidated: a) P.O.L b) Food items (Rice, Wheat and Edible Oil) c) Back-to-Back Imports d) Other -Imports e) Invisibles, if any

3. Remittances made during the month for the Letters of Credit Outstanding and Opened against items Nos. 1&2:

a) P.O.L. b) Food items (Rice, Wheat and Edible Oil) c) Back-to-Back Imports d) Other Imports e) Invisibles, if any

4. Letters of Cedit Outstanding is at the Close of the month under report after remittance reported against item No. 3

a) P.O.L. b) Food items (Rice, Wheat and Edible Oil) c) Back-to-Back Imports d) other Imports c) Invisibles, if any

5. Remittances due against import bills received on collection basis

6. Total amount of L/Cs lapsed/cancelled 7. Net Outstanding (4+5+6)

Dale …………….19 Signature and Stamp of the Authorised Dealer

Note: (1) only commitments in favour of beneficiaries abroad should be reported; Commitments relating to inland L/Cs in favour of local beneficiaries, even if denominated in foreign currencies, should not be included.

2. Unpaid acceptances, against L/Cs should be included in the amounts reported as outstanding.

Page 92: Bangladesh Bank 2

COMMODITY-WISE STATEMENT OF IMPORT LETTERS OF CREDITMONTH ……………………….YEAR…………….

(Value in crore Taka)

Sl.No.

Name of Commodity QuantityUnit

Value of L/Cs OpenedDuring the Current Month

Value of L/CsCancelled During the

Current Month

Value of L/Cs Outstanding as on the last date of the

Current Month

Cash Loan/Grant Cash Loan/

Grant

Cash Loan/Grant

Quantity Value Quantity Value

1 2 3 4 5 6 7 8 9 10 11

1. Rice

2. Wheat

3. Sugara) Commercial Sectorb) Industrial Sector

4. Salta) Commercial Sectorb) Industrial Sector

5. Milk Fooda) Milk Powder (Fat) (j) Commercial Sector (ii) Industrial Sector

b) Milk Powder (Non-Fat) (i) Commercial Sector (ii) Industrial Sector

c) Condensed Milk

APP. 35See Chapter 2 Para 19(b)

Page 93: Bangladesh Bank 2

See Chapter 2 Para 19(b) APP. 35 Page 2

1 2 3 4 5 6 7 8 9 10 11

6. Patent & Farinaceous Food

7. Edible Oil (Refined) a) Butter Oilb) Soyabean Oilc) Other

8. Edible Oil (Crude)a) Palm Oleinb) CDSO

9. Oil Seeds/Rape Seeds

10. Fresh Fruits

11. Dry Fruits including dates

12. Coconut Oil

13. Copraa) Commercial Sectorb) Industrial Sector

14. Pulses (all sorts)

15. Onion

16. Spices

Page 94: Bangladesh Bank 2

See Chapter 2 Para 19(b) APP. 35 Page 3

1 2 3 4 5 6 7 8 9 10 11

17. Raw Cottona) Commercial Sectorb) Industrial Sector

18. Synthetic/Viscose Fibrea) Commercial Sectorb) Industrial Sector:

(i) Specialized Textile Mills (ii) Weaving Mills

19. Synthetic/Mixed yarna) Commercial Sectorb) Industrial Sector

i) Handloom (ii) Specialized Textile Mills (iii) Weaving Mills

20. Cotton Yarna) Commercial Sectorb) Industrial Sector

(i) Handloom (ii) Specialized Textile Mills (iii) Weaving Mills

Page 95: Bangladesh Bank 2

See Chapter 2 Para 19(b) APP. 35 Page 4

1 2 3 4 5 6 7 8 9 10 11

21. Texile Fabrics and Accessories for Garmentsa) Back-to-Back L/Cs

(i) Fabrics (ii) Accessories

b) L/Cs Other than

back to back

(i) Fabrics (ii) Accessories

22. Second hand Clothings

23. PharmaceuticalRaw Materialsa) Allopathyb) Homeopathyc) Ayurvadic

24. Drugs and Medicinesa) Allopathyb) Homeopathyc) Ayurvadic

Page 96: Bangladesh Bank 2

See Chapter 2 Para 19(b) APP. 35 Page 5

1 2 3 4 5 6 7 8 9 10 11

25. Chemicals andChemical Porductsa) Chemical Fertilizerb) Insecticides and Pesticides

(i) Commercial Sector(ii) Industrial Sector

c) Dyes

(i) Commercial Sector (ii) Industrial Sectord) Detergent Powder

(i) Commercial Sector (ii) Industrial Sector(e) Tooth Paste (f) Thermoplastic Moulding

Compound (i) Commercial Sector (ii) Industrial Sectorg) Tanning Materials

(i) Commercial Sector (ii) Industrial Sectorh) Other Chemicals and Chemical Products

(i) Commercial Sector (ii) Industrial Sector

(1) Match Industries (2) Soap Industries (3) Paint and Varnish Industries (4) Others

Page 97: Bangladesh Bank 2

See Chapter 2 Para 19(b) APP. 35 Page 6

1 2 3 4 5 6 7 8 9 10 11

26. P.O.L.a) Crudeb) Refined

27. Coal

28. Hard Coke

29. Cement

30. Clinker

31. Lime Stone

32. C.I. Sheet

33. G.P. Sheeta) Commercial Sectorb) Industrial Sector

34. B.Y. Sheeta) Commercial Sectorb) Industrial Sector

35. Tin Place

Page 98: Bangladesh Bank 2

See Chapter 2 Para 19(b) APP. 35 Page 7

1 2 3 4 5 6 7 8 9 10 11

36. Bill Beating

37. Capital Machinery

a) Textile Machinery

b) Leather/ Tannery

C) Jute Industry

d) Garment Industry

e) Pharmaceutical

f) Plastic Industry

g) Printing Industry

h) Electronic Industry

i) Toy Industry

j) Packing Industry

k) Other Industry

38. Other Machineries (excluding

Capital machineries)

39. Other Iron & Steel Products

40. Non-Ferrous Metal a) Aluminium b) Others

41. Irrigation Engine

42. Marine Diesel Engine

Page 99: Bangladesh Bank 2

See Chapter 2 Para 19(b) APP. 35 Page 8

1 2 3 4 5 6 7 8 9 10 11

43. Other Transport Engine

44. Computer, its Accessories and spares

45. Other Electronics Components

a) Commercial Sector

b) Assembling Industries

i) Television Assembling Industries

ii) Radio Assembling Industries

46. Tyre and Tube

47. Motor vehicle and

Motor Cycle Parts

48. BI-Cycle Parts

a) Commercial Sector

b) Assembling Industries

49. Scrap Vessels

50. Iron and Steel Scrap

51. Clocks, Watches and parts

Thereof

52. Medical, Surgical and Dental Equipment

Page 100: Bangladesh Bank 2

See Chapter 2 Para 19(b) APP. 35 Page 9

1 2 3 4 5 6 7 8 9 10 11

53. Sports Articles

54. Tractors

55. Power Tillers

56. Trailers

57. Motor Vehicle (completely assembled)

a) Motor Car

b) Mini Bus

c) Bus

d) Truck

e) Motor Cycle

f) Others

58. Motor Vehicle, (CKD and SKD)

a) Motor Car

b) Mini Bus

c) Bus

d) Truck

e) Motor Cycle

f) Others

Page 101: Bangladesh Bank 2

See Chapter 2 Para 19(b) APP. 35 Page 10

1 2 3 4 5 6 7 8 9 10 11

59. Books

60. Newspaper and

Magazine (all sorts)

61. Paper Board

a) Newsprint

b) Others

62. Paper Board

a) Commercial Sector

b) Industrial Sector

63. Electric Fan

64. Refrigerators and parts thereof

65. Others

a) Commercial Sector

b) Industrial Sector

TOTAL:

TOTAL Back to back L/Cs

TOTAL Less Back to Back L/Cs

Page 102: Bangladesh Bank 2

See Chapter 2 Para 19(c) App. 36

MONTHLY STATEMENT OF OUTSTANDING EXPORT BILLS

Position as on ……………(last day of month under report), 19………………(To be submitted within l5th day of the month following that to which it relates)

(Taka in Crore)

Value of

sight

bills

Value of

usance bills

1. Value of Outstanding Export Bills as on the last day of

previous month

2. Value of all export bills purchased or sent on collection

basis during the month under report

3. Export proceeds realised during the month under report

against bills mentioned in items Nos. l&.2

4. Total outstanding export bills as on the last day of the

month under report:

a) Export proceeds due against all bills received from

customers on Collection basis

b) All export bills purchased from customers for which

proceeds not yet credited to Authorised Dealer's account

abroad Total (a + b):

Monthly maturity position of the total outstanding export bills Against

current bills

Against

Overdue bills

1st month following the month under report

2nd month following the month under report

3rd month following the month under report

4th month following the month tinder report

5th month following the month under report

6dr month following the month tinder report

After 6th month following the month under report

Total:

Date,………………………… Stamp Signature of the Authorised a Dealer

Page 103: Bangladesh Bank 2

See Chapter 2 Para 20 APP. 37

HALF YEARLY RETURN OF BLOCKED ACCOUNTS OF PERSONS, FIRMS ETC.

Name and Address of the Authorised Dealer…………………………………………………..

For the half year ended………………………………………… Country……………………..

S1.

No.

Name of the Account

holder last known

address nationality

(if known)

Balance at the end

of last half year.

Total new

Credits during

the hall year.

Total funds debited

in respect of

purchases of

approved securities.

Total funds dealt with in

other ways under approval

of the Bangladesh Bank.

Balance at the end

of the half year.

REMARKS

N.B. Where funds are invested in approved securities particulars thereof should be furnished separately in the accompanying form.

Date……………………. Signature and Stamp of the Authorised Dealer

Page 104: Bangladesh Bank 2

See Chapter 2 Para 20 APP- 38

HALF YEARLY STATEMENT SHOWING PARTICULARS OF SECURITIES HELD IN BLOCKED ACCOUNTS

Name and Address of the Authorised Dealer ……………………………………………

For the half year ended ……………………………………… Country………………….

S1.No.

Full name andaddress of the

owner

Full description of securities (State also whether bonds or

stocks, preference or ordinary shares, debentures etc. No. ofshares and face value of' each

share)

Total facevalue of thesecurities

Person in whosename the

Securities are held, if otherthan owner

Thc name of the bank with whom they are deposited

for custody

If [he securities are pledged against any loan, full particulars

should be stated

N.B. Securities purchased out of funds in blocked account should be shown separately.

Date……………………. Signature and Stamp of the Authorised Dealer

Page 105: Bangladesh Bank 2
Page 106: Bangladesh Bank 2

See Chapter 2 Para 21 App. 39

SCHEDULE EL - 1 / EL - 2 / EL - 3

(Imports under Grants/Loans/Sup. Credits)

Period

Name of Authorised Dealer

Currency

Particulars of Loan

Sl. No.

Date of Triplicate receied

I.MP. form No/ A.P No.

Amount in Currency

Code Number

Country Commodity Category

TOTAL

;* All figures pertaining to imports under grants/Loans/suppliers credits are to be reported in this Schedule even if no IMP or AP has been issued there against.

Signature and Stamp of the Authorised Dealer

Page 107: Bangladesh Bank 2

See Chapter 2 Para 22(i) App. 40

STATEMENT OF EXCHANGE POSITION

Name of Authorised Dealer …………………..Statement for the week ended ……………….. (THURSDAY) Amount in U.S. Dollar equivalent.

1. a Total credit balances held abroad 1. Total debit balances held abroadwith overseas agents and with overseas agents andcorrespondents as per debit correspondents as per debitbalances in local books. Cr ……. balances in local books. Dr……….

1. b Plus balances held withBangladesh Bank in F.C.Clearing Account. ……..

Sub-total:……

1. c Less F.C. balance held onaccount of customers i.e.outside bank's exchangePosition. Total: (la+lb-1c) ……………

2. Outward bills purchased 2. Proceeds of bills and drafts(Temporary Accounts) awaiting remittances; sales

booked, but not credited toAccounts.

3. Bills negotiated abroad, charged Foreign currency bills MTsto accounts and responded to but and TTs payable ………….no sales shown in exchangeposition.

4. Other sundry suspense 4. Other sundry suspense accounts accounts.

…………….. 5. Cash holdings ..... sub-total……….

Sub-total:…… 5. Part contra-item(3) not covered with forward sales ……………….

6. Forward Purchases 6. Forward sales:a) from public …… (a) to public ……………b) from other authorised dealers… (b) to other authorised dealers:(i) in Bangladesh ……. (i) in Bangladesh ………….(ii) abroad (ii) abroadPosition oversold ….. Position overbought ……….

Total…….. Total …………..

Date ………………….. Signature and Stamp of the Authorised Dealer

Page 108: Bangladesh Bank 2

See Chapter 2 Para 24 App. 41

Statement of Foreign Currency Balances held abroad as on …………………………….

Name of Authorised Dealer …………………………………………………………………………………………….

SLNo.

Name of Currency Balance field abroad ason - - - (as per the books

of foreigncorrespondents)

Equivalent inU.S. Dollar

Remarks if any

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

Pound Sterlling

U.S. Dollar

Canadian Dollar

Australian Dollar

Hongkong Dollar

Deutsche Mark

Swiss France

French Franc

Japanese Yen

Indian Rupee

Date ……….…………. Signature and Stamp of the Authorised Dealer

Page 109: Bangladesh Bank 2

Published by Harinarayan Majumder, Executive Director, Bangladesh Bank from the Public Relations and Publications Department, Bangladesh Bank, Head Office, Dhaka. Printed by Al-Afsar Press, 264 Malibagh, Dhaka-1217. Phone: 414122; 405909. DPR & P-1-98-40DO