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Treasury Banking
Karama, Dubai.
Phone: +971-4-3136630/31/36
email: treasury.uae@bankofbaroda.com
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Overview
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Nostro Details
Treasury Banking : Overview
Our Treasury Banking services are designed to meet your complex financial needs in the dynamic world of global markets, offering competitive pricing, cutting-edge technology, and seamless execution.
Our Core Offerings
- Money Market Operations: We execute Money Market operations in four major currencies—USD, GBP, EUR, and AED—offering flexible terms ranging from overnight to 1 year to optimize your short-term liquidity and investment needs.
- Comprehensive Foreign Exchange (Forex) Services: Access a wide range of Forex solutions through our 5 Branches and 9 specialized EBSUs. Our operations include:
- Spot and Forward Contracts: Mitigate your currency risk with Forex spot and forward contracts.
- Remittance Services: We efficiently handle foreign exchange for customers, including the fixing of rates for Rupee remittance.
- Extensive Currency Dealing: Trade and transact in a broad spectrum of 10 major global currencies: INR, USD, GBP, EUR, CHF, JPY, QAR, SAR, KWD, and SGD.
- Technology and Global Reach: We leverage modern technology and advanced communication facilities to ensure rapid and secure service delivery. Our Treasury is fully integrated with the bank's global operations, providing you with seamless access to all major financial centres worldwide.
Contact:
Treasury Department
Territory Office
Bank of Baroda, UAE
Phone: +971-4-3136630/31/36
email: treasury.uae@bankofbaroda.com
Treasury Banking : Nostro Details
BANK OF BARODA DUBAI UAE
(TREASURY BIC CODE - BARBAEADXXX)
STANDARD SETTLEMENT INSTRUCTIONS (SSI)
| 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 | INR (SRVA)* | Bank of Baroda, Mumbai | BARBINBBVAC | 03810200001792 |
| 7 | JPY | Bank of Tokyo Mitsubishi, Tokyo | BOTKJPJTXXX | 653 0467847 |
| 8 | KWD | National Bank of Kuwait | NBOKKWKWXXX | 1000407940 IBAN: KW85NBOK0000000000001000407940 |
| 9 | QAR | Qatar National Bank, Qatar | QNBAQAQAXXX | 0001 800548 001 IBAN: QA60QNBA000000000001800548001 |
| 10 | SAR | Riyadh Bank, Riyadh | RIBLSARIXXX | 9250010289940 IBAN: SA2920000009250010289940 |
| 11 | SGD | Standard Chartered Bank, Singapore | SCBLSG22XXX | 0106652060 |
| 12 | USD | Standard Chartered Bank, New York | SCBLUS33XXX | 3582023286001 |
| 13 | USD | Bank of Baroda, New York | BARBUS33XXX | 93010200000083 |
* INR (SRVA) account is a Special Rupee Vostro Account to settle trade in Indian Rupees (INR) as per RBI directions.
There may be charges applicable for processing transactions through the 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.