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  • OVERVIEW
  • Objectives & Outline
  • METHODOLOGY
  • PARTICIPANT PROFILE
  • TRAINER
  • OVERVIEW
    PROGRAMME DETAILS
    DATE
    21 – 22 June 2017
    25 – 26 September 2017
    20 – 21 November 2017
    TIME
    9:00 am – 5:00 pm
    VENUE
    Asian Banking School
    SIDC CPE
    10
    CPE Points
    This intermediate programme covers the prudential measures of Central Bank of Malaysia to support the overall macroeconomic objective in maintaining monetary and financial stability in Malaysia. The continuity to maintain liberal Foreign Exchange Administration Rules are covered under the Notices to support and enhance the competitiveness of the economy for trade, business and investment activities.
    LEARNING LEVEL
    Intermediate
    Programme Fee*
    AICB member
    MYR
    2,200
    / PAX
    Non-member
    MYR
    2,700
    / PAX
    *inclusive of GST
  • Objectives & Outline
    LEARNING OBJECTIVES
    Upon completion of the programme, participants will be able to:

    • Relate to the foreign exchange administration policy and its rationale
    • Identify the main responsibilities of banks in ensuring compliance with Foreign Exchange Administration Rules
    PROGRAMME OUTLINE
    • Introduction and overview of Foreign Exchange Administration Rules

    • Legal provisions relating to the Foreign Exchange Administration Rules

    • Reserve and liquidity management and explanation on the regulatory system to channel back inflows and to control outflows

    • Foreign Exchange Administration Notices
      • Notice 1 – Dealings in Currency, Gold and Other Precious Metals
      • Notice 2 – Borrowing and Guarantee
        • Exercises on 6 scenarios of borrowing
        • Group discussion on non-resident borrows Ringgit from another non-resident
      • Notice 3 – Investment and Foreign Currency Asset
        • Group discussion on bank’s precautionary measures prior to effecting payment abroad for purpose of investment by residents
        • Compliance of FEA Rules with regards to supplier’s guarantee
        • Case study on multi foreign currency account with a licensed onshore bank
      • Notice 4 – Payments
        • Group discussion on external account holder obtaining Ringgit facilities from a resident entity
        • Group discussion on the remittance of foreign currency by a resident entity to settle the holding company’s loan account
      • Notice 5 - Security, Islamic Security, Financial Instrument or Islamic Financial Instrument
      • Notice 6 - Import and Export of Currency
      • Notice 7 - Export of Goods
        • Group discussion on non-receipt of export proceeds for more than 6 months
      • Dealings with Specified Persons and in Restricted Currencies
        • Definitions of specified person and in restricted currencies

    • Directions to Financial Institutions
      • General Operational Requirements
        • Establish internal control and procedures to ensure compliance
      • Specific Operational Requirements
        • Use only reference rate fixed onshore as reference rate for pricing of any FX contracts involving Ringgit
        • Sighting of documentary evidence for all forward contracts based on the principle of customer’s due diligence
        • Sighting of documentary evidence before maturity date of forward contract based on firm commitment or anticipatory basis
        • To designate external account clearly
  • METHODOLOGY
    Interactive group discussions, case studies and sharing of practical experience
  • PARTICIPANT PROFILE
    All middle to senior-level bank executives
  • TRAINER
    ZOLKIFLI BIDIN
    Consultant, Asian Banking School
    Zolkifli Bidin is an in-house specialist training consultant at the Asian Banking School. He has over 30 years of banking experience, predominantly in Trade Financing and specializing in trade operations and marketing of trade products. He has worked at Maybank, Bank of Commerce and Hong Leong Bank, and as a consultant on the   Amal Express Bank Dubai project.

    He has been an Associate Member of the Asian Institute of Chartered Bankers (formerly known as the Institute of Bankers Malaysia - IBBM) since 1981 and was on the Board of Examiners for their International Trade Finance programme. He is currently the course tutor for Professional Banker -  International Trade  Finance.
    He is associated with the Federation of Malaysian Manufacturers and Malaysian Chamber of Commerce and was part of the ASEAN meeting and business talk with South Korea and Turkmenistan. He also participated in the 2014 Trade Finance Course organised by the Bankers' Association for Finance and Trade (American Bankers Association) in New Delhi, India which focused on new developments in international trade, and is well versed in the Foreign Exchange Administration Rules through his involvement in working with Bank Negara Malaysia in the liberalization of the Rules. Zolkifli received his Diploma in Banking from the MARA Institute of Technology (now known as Universiti Teknologi MARA).
Testimonials
  • Foreign Exchange Administration Rules

    Trainer: Zolkifli Bidin, Consultant, Asian Banking School
    "Great course! Very in-depth and broad at the same time. Incredibly informative."
    PARTICIPANT,
    Asian Banking School (ABS)
  • Foreign Exchange Administration Rules

    Trainer: Zolkifli Bidin, Consultant, Asian Banking School
    "Easy to understand plus the examples given make it more understandable for us."
    PARTICIPANT,
    Asian Banking School (ABS)
  • Foreign Exchange Administration Rules

    Trainer: Zolkifli Bidin, Consultant, Asian Banking School
    "Provides me in-depth knowledge of FEA Rules and applications."
    PARTICIPANT,
    Asian Banking School (ABS)
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