Trade products and services

Power Your Business

Trade Business is one of key focus area of BRAC Bank Ltd and we aim to provide you best Trade products and services to become your preferred trade partner. BRAC Bank offers extensive range of Trade products and services through its central trade office, regional trade center, trade hubs across the industrial areas and corporate branches.

Following product & services are covered under BBL Trade:

We have a dedicated FX team to offer you attractive exchange rates to meet your import requirements and fix exchange rate fluctuation risks through hedge tools i.e. forward, swap etc. We are committed to invest in best technologies and continuously improving our process to provide customer best trade services. BBL Trade now offers fully integrated swift communication platform, trade transaction alert system and automated voucher & report delivery platform, internet banking platform to ease transaction issues.

Cash Management Products

Power Your Business

BRAC Bank offers a wide array of corporate account schemes in order to provide distinctive services to its client base as per their requirements

Short Notice Deposit Account (SND): It’s an interest bearing corporate account with interest being calculated on a daily basis and being credited to the account on half yearly basis.

Corporate Current Account: It’s a non-interest bearing corporate account usually used for carrying out day to day transactions of a corporate house.

Fixed/Term Deposit Account: This caters to the long term investments of the clients through offering deposits schemes of different tenors with highly competitive deposit rates.

Export Retention Quota (ERQ): ERQ account are opened to facilitate the merchandise exporters who are entitled to keep 50% of repatriated FOB value of their exporters in FC in ERQ account. The ERQ accounts are opened under AD branches as per the request of the client.

Proposed Account: This facility caters to the requirements of foreigners desiring to establish and operate a company in Bangladesh very smoothly and promptly.

Corporate FC Account: It is a foreign currency account facilitated to meet the specific requirements of bank’s requirements.

Cash Management Services:

BRAC Bank Limited offers a wide range of cash management services to meet the specific requirements of the clients. These services are flexible and customizable as per the requirements of the different clients. Within a very short span of time we have been able to establish our foothold very sharply by providing different types of collection solutions to the different types of organizations such as Government organizations, autonomous bodies, large local conglomerates, developments organizations, MNCs etc.

Key BBL Cash Management Services includes:

Deposit Facility:

BBL offers highly competitive deposit rates in the form of different products catering to the investment and transactional requirements of the clients such as short and long term investments, employees’ provident fund, gratuity fund, employee welfare fund etc. Apart from the pricing our competitive edge also lies on our service standards which enhances our value offerings.

Nationwide Collection Service (NCS):

Nationwide Collection Service facilitates large corporate houses to collect funds from their clients through BBL’s own branch network s and credit the same to their single collection account maintained with the bank. The bank’s wide outlet coverage all over Bangladesh has been able to facilitate large corporates in collecting funds and servicing their own clients on time and efficiently. BBL also facilitates the clients with its NCS Software which facilitates them with real-time online transaction data through the integration with their system.

Secured Cash Service (SCS):

Customized secure cash collection services are provided to corporate bodies under which the Bank usually sets up desks/counters at the specified locations all throughout the different cities to cater to the collections of its corporate clients and later deposits the collected funds in the respective account of the client.

Payment Transfer Solution (PTS):

Payment Transfer Solution services facilitates organizations in remitting their funds to their desired locations and make their required payments efficiently and promptly.

Cash Pick up and Drop service:

Cash pick up and drop service facilitates safe and secure cash pick up and drop services from/to the clients’ office premises. The entire process is supported by a self-sufficient logistic setup that is in line with international standards. It offers the clients with security, convenience and flexible pick-up and delivery times.

Transactional Services:

This is one of the core services provided by the Cash Management team which facilitates the clients in carrying out their day to day transactions through the different types of accounts from the product line of the bank such as current accounts, SND accounts etc.

Internet Banking:

BBL Cash Management team also provides a smart internet banking system to its corporate clients through which it facilitates the following:

Secured and real-time online transaction view for more effective cash management.

Transaction history retrieval.

Enables downloading of account statements in different file formats.

Mobile Financial Services:

bKash Limited, a subsidiary of BRAC Bank has been providing Mobile Financial Services (MFS) to the Bangladesh market for a certain span of time and as part of our Nationwide Collection service, we offer integrated solution with bKash to ensure the collection of our clients from rural areas and unbanked regions.

Foreign Investors or NRBs:

BBL also facilitates foreign institutions, foreigners and NRBs to invest in the Bangladesh Capital Market through its custodial services team under the product ‘Probashi Biniyog’ through NITA (Non Resident Investors Taka Accounts) accounts.

Local Mutual Funds:

BRAC Bank acts as the custodian of various mutual funds floated and managed by the different asset management companies of the country. Mutual funds plays a vital role for both the retail and institutional investors through facilitating them by investing their savings or surplus funds in diversified portfolios and earning them a substantial return on their investments.

IPO (Initial Public Offering) Fund Management:

BRAC Bank’s IPO fund management facility has been established to manage the IPO funds of the clients by participating as the lead bankers to the issue and also facilitating other services such as right share collection, disbursement of dividends etc.

Features of the Product:

NRBs can invest in the Bangladeshi Capital Market from anywhere around the globe.
Foreign individual and institutional investors can also avail this service.
Custodian Service will be provided by BRAC Bank Limited.
Easy repatriation of capital, dividend and investment profits.
Clients can execute their instructions through a web based online portal. This portal also enables them in keeping a track of their portfolio, online.

Account Opening Process for custodial account relationships are in detailed available in below link (link)

BRAC Bank Limited Will:

Provide custodial services, i.e. hold the clients’ shares/stocks in safe custody.
Arrange purchases and sales of securities through different brokerage houses.
Collect information on the clients’ incomes from their investments in the capital market.
Provide information on the underlying companies and their annual general meetings, manage cash transactions, perform foreign exchange transactions where required and provide regular reporting of activities.
Manage funds in NITA and arrange repatriation of all funds including capital gains to the clients’
overseas bank account based on their instructions.

Eligibility:

The following are eligible for availing the custodial services:
All Bangladeshi nationals (Bangladeshi passport holders) who are working/living abroad
Foreign passport holders who are originally from Bangladesh
Foreign institutions and foreign individuals

Account Operations:

Only share related transactions are allowed through NITA
No ATM card or Cheque books will be issued against NITA
NITA is a current account providing clients the flexibility to remit funds from abroad through their Foreign Currency account. The fund in NITA will be kept in the account as local currency i.e. BDT
Permissible deposits under NITA

• Inward Remittances
• Transfers from FCY account
• Refund Warrants of IPO
• Sale proceeds of shares
• Dividends/Bonus from shares

How to Start:

In order to avail the custodial services at BRAC Bank Limited, we will require the clients fill out the following:

FC Account opening Form (only if you do not already have one) – To remit foreign currency to your account.

NITA (Non-Resident Investor's Taka Account) opening Form – To make financial transactions for purchase and sale of shares in the secondary stock market (that is in Dhaka Stock Exchange).

Customer Information Form – To conduct actual trading of shares in the share market.

BO Account opening Form – To hold shares that will be purchased by the BRAC Bank Limited on your behalf.

BO Account nomination Form – To nominate up to two people to receive any outstanding shares in the event of death.

Custodian Agreement – To To auhorize BRAC Bank Limited as the custodian of your shares.

NITA Securities Accounts Services Agreement – To authorize BRAC Bank Limited to carry out your share trading orders and settle all transactions that are required to close deals.

BRAC Bank Limited offers the following services under its custodial services unit in order to facilitate clients from different avenues to carry out their operations in the Bangladesh Capital Market:

Digital Banking, COPRnet, for Corporate Institutions:

In quest for digitalization, BRAC Bank has developed an internet banking platform, CORPnet for its corporate customers. It has extensive payment and collection solutions and is regularly adding new features to the platform.

Key Features: