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Treasury Banking
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Overview
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Nostro Details
Treasury Banking : Overview
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Local Inter Bank Money market, forex money market and foreign exchange operations are integrated and looked after by treasury
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Caters to the requirements of customers in respect of foreign exchange transactions through 6 branches and 7 EBSUs
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Products offered: Forex spot and forward contracts, interest rate/forex derivatives
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Deals in currencies, namely - INR, USD, GBP, EURO, SWISS FRANC, YEN, QATARI RIYAL, SAUDI RIYAL, KUWAITI DINAR and SINGAPORE DOLLAR
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Quotes rates to corporate customers/HNIs for high value deposits
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Equipped with modern technology and communication facilities
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Integrated with global operations of the bank connecting all major centres of the world.
Treasury Banking : Nostro Details
BANK OF BARODA DUBAI UAE –standard settlement instructions SSI (TREASURY BIC CODE-) BARBAEADXXX OUR NOSTRO ACCOUNTS WITH OTHER BANKS
| Sl. No. | Currency | Correspondent | SWIFT BIC Code | Account No./ IBAN |
|---|---|---|---|---|
| 1 | AED | CENTRAL BANK OF UAE | CBAUAEAAXXX | AE15 0010 0020 0001 1201 001 |
| 2 | CHF | UNION BANK OF SWITZERLAND, ZURICH | UBSWCHZH80A | 02300000088 18005 0000C |
| 3 | EUR | STANDARD CHARTERED BANK, FRANKFURT | SCBLDEFXXXX |
500380308 IBAN: DE65512305000500380308 |
| 4 | GBP | BANK OF BARODA, LONDON | BARBGB2LXXX |
SORT CODE 608386 IBAN: GB52BARB60838692000552 |
| 5 | INR | BANK OF BARODA, MUMBAI | BARBINBBVAC | 03810200000864 |
| 6 | JPY | BANK OF TOKYO MITSHIBISHI, TOKYO | BOTKJPJTXXX | 653 0467847 |
| 7 | KWD | NATIONAL BANK OF KUWAIT | NBOKKWKWXXX |
1000407940
IBAN: KW85NBOK0000000000001000407940 |
| 8 | QAR | QATAR NATIONAL BANK, QATAR | QNBAQAQAXXX |
0001 800548 001 IBAN: QA60QNBA000000000001800548001 |
| 9 | SAR | RIYADH BANK, RIYADH | RIBLSARIXXX |
9250010289940 IBAN: SA2920000009250010289940 |
| 10 | SGD | STANDARD CHARTERED BANK SINGAPORE | SCBLSGSGXXX | 0106652060 |
| 11 | USD | STANDARD CHARTERED BANK, NEW YORK | SCBLUS33XXX | 3582023286001 |
| 12 | USD | BANK OF BARODA, NEWYORK | BARBUS33XXX | 93010200000083 |
There may be charges applicable for processing transactions through above Nostro accounts. Customers are requested to confirm the same through their base branch before performing any transaction.
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What is the treasury function in banking?
Treasury banking is a specialised field that caters to the investment and risk management requirements of institutional and corporate customers.
Key functions of banking treasury include:
- Funds management and money market operations.
- Foreign exchange dealings and proprietary trading.
- Maintaining statutory requirements.
- Asset liability management.
- Undertaking derivative transactions.
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What services are offered by Bank of Baroda UAE treasury?
- Treasury oversees integration and management of local interbank money market, forex money market, and foreign exchange operations.
- Caters to foreign exchange requirements through six branches and seven EBSUs.
- Offers forex spot and forward contracts, interest rate/forex derivatives.
- Handles currency dealings in various currencies, namely- INR, USD, GBP, Euro, Swiss granc, Yen, Qatari Riyal, Saudi r, Saudi riyal, Kuwaiti dinar and Singapore dollar.
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Who can benefit from treasury banking services?
- Treasury banking services benefit customers a range of customers-
- Foreign currency transactions or need to hedge their exchange rate risk.
- Importers who purchase foreign currencies for payments.
- Exporters who sell foreign currencies they receive or will receive.
- Customers who need to remit funds in foreign currency also benefit from these services.