Course Contents
Unit I: International Banking 5 hours
Introduction to international banking; the scope of international banking activities; service
offered by international banks; regulation of foreign banking activities; and the future of
international banking.
Unit II: Correspondent Banking 5 hours
Fund transfer; handling correspondent banking; message authentication; correspondent
banking business model; relationship banking; meeting the correspondent business; credit
line; ethical practice; and Vostro account operation.
Unit III: Basics of Exchange Rates 5 hours
Exchange rate; causes of rate fluctuation; factors affecting the exchange rate; predicting rate
trends; exchange rate, cross rate; quotation rate; swaps; and outright forward deals.
Unit IV: International Remittances 10 hours
Introduction to international remittances; instruments of payment; inland versus foreign payment; options for international settlement; location of accounts; Nostro, Vostro, Loro and
Mirror accounts; international settlement process; draft in international banking; cheque books from correspondents; TT remittance through Vostro accounts; TT through Nostro
accounts; funding Nostro accounts; maximizing exchange profit; remittance cash position and
currency position.
Unit V: Overview of International Insurance 6 hours
Evolution of international insurance market; cross border activities of insurance; issues in international insurance: ageing problems; and influence of international insurance in Nepalese insurance market.
Unit VI: Global Insurance Market 6 hours
The status of insurance penetration and density of advanced economies, emerging economies
and developing economies; catastrophic loss and its consequences on global insurance market; global insurance market: Lloyd's of London, the structure of different insurance products in international insurance market; and role of multinational insurance companies in Nepalese insurance market.
Unit VII: Global Risk and Reinsurance 5 hours
Global risk and risk coping strategies of multinational reinsurance companies; presence of international reinsurance company in Nepalese insurance business; and importance of international insurance companies on mitigating the risk.
Unit VIII: International Insurance Associations and Forum 6 hours
Needs and importance of international association; the functions of International Association of Insurance Supervisors (IAIS); Association of Insurance and Reinsurance of Developing Country (AIRDC); Insurance Congress of Developing Countries (ICDC); South Asian Insurance Regulators Forum (SAIRF); Global Federation of Insurance Association; and the role of Geneva Association and SS Huebner Foundation in insurance sector.
