The book introduces the reader to the exciting and challenging world of exchange rate mechanism. It traces the evolution of international banking, foreign exchange risk management and instruments of international finance.
Of importance are chapters on Nostro, Vostro, mirror accounts, transaction pricing and cost control, remittances, collections, treasury, and dealing room operations. Chapters on correspondent banking, swaps, forward contracts, futures and options, derivatives, LCs and trade finance will whet your appetite.
Unique perspectives, practical tips and tricks of the trade add great value to the contents of the book. This book is a must-read for everyone having anything to do with international banking and foreign exchange business.
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RUPNARAYAN BOSE
Rupnarayan Bose was with the State Bank of India Group for the major part of his professional career. Later, he served as the Managing Director of a bank in Nairobi (Kenya) and of another bank in Kampala (Uganda), before returning to India to pursue his interests in academics.
He has authored several books on international trade, six of them being in the post-Covid-19 period. All his books have received worldwide acclaim. Presently, he continues to write on Trade Finance, export-import trade rules and procedure, and the rules of the International Chamber of Commerce (ICC), Paris.
