FEPD Circular No. 29: Reporting of foreign exchange transactions of Authorized Dealer Banks

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka. www.bb.org.bd F.E. Circular No. 29 Date: July 08 , 2014 All Authorized Dealers of Foreign Exchange in Bangladesh Dear Sirs, Reporting of foreign exchange transactions of Authorized Dealer (AD) Banks Attention of the Authorized Dealers (ADs) is invited to paragraph 16 (B&C), Chapter 2 of Guidelines for Foreign Exchange Transactions, Vol-2 (GFET-2010) in terms of which AD banks are required to report their foreign exchange transactions relating to deposits into and withdrawals from FC accounts in Statement S-9 and Statement S-13 along with the following Schedules: Statement S-9 a) RFCR-1 (Appendix-8-I) b) RFCR-2 (Appendix-8-II) c) RFCR-3 (Appendix-8-III) d) RFCP-1 (Appendix-8-IV) e) RFCP-2 (Appendix-8-V) f) RFCP-3 (Appendix-8-VI) Statement S-13 a) RPFCR-1 (Appendix-12-I) b) RPFCP-1 (Appendix-12-II) c) RPFCP-2(Appendix-12-III) d) RPFCP-3(Appendix-12-IV) 02. To ensure effective reporting Statement S-9 (including Schedules RFCR-1, RFCP-1, RFCP-2 and RFCP-3) and Statement S-13 (including Schedules RPFCR-1, RPFCP-1 and RPFCP-3) have been amended as per enclosures. AD banks are no more required to submit Schedules RFCR-2, RFCR-3 of Statement S-9 and RPFCP-2 of Statement S-13. 03. The revised instructions will be effective for the transactions executed on and from July 01, 2014. Other instructions of the aforementioned paragraph shall remain unchanged. Please bring the content of this circular to the notice of all concerned. Yours faithfully,

(Md. Abdul Mannan) Deputy General Manager Phone: 9530319

See Chapter 2 Para 16.B APP. 8 STATEMENT-9 (FOR TRANSACTIONS IN FOREIGN CURRENCY ACCOUNT OF RESIDENT CORPORATE ENTITIES OTHER THAN EPZs) Name of the AD Bank………… For month…….Year……… Currency…….. Month code AD code Curr. code

Sl No DEPOSITS For BB’s Use AMOUNT A. Receipts from Abroad Cr. Lac. Th. Unit. 01 Amount received of Resident Corporate Entities Other Than EPZs As Equity Capital, Intra-Company Loan & Inter￾Company Loan and others ( Schedule RFCR-1). 9050 B. Receipts from Domestic Economy 02 Authorized local income credited through conversion of local currency reported in Sl No.2 of S-1 under E￾3/P-3. 9062 C. Exchanges, Transfers and Adjustments.

03 Amount received by way of transfer from Foreign Currency A/C maintained with other authorized dealers and/or conversion from other Foreign Currency. 9070 04 Others (Pl state) 9080 05 Opening Balance 9200 a) Credit balance of Foreign Currency A/C 9210 b) Amount held as L/C covers 9211 GRAND TOTAL:

Page-2 See Chapter 2 Para 16.B APP. 8 STATEMENT-9 (FOR TRANSACTIONS IN FOREIGN CURRENCY ACCOUNT OF RESIDENT CORPORATE ENTITIES OTHER THAN EPZs) WITHDRAWLS For BB’s Use Amount A. Payments Cr. Lac. Th. Unit 01 Amount debited for import payments (RFCP-1) 3001 02 Amount debited for invisible payments (RFCP-2) 3002 03 Purchased by ADs for transfer to S-1 in row no.9 (RFCP-3) 3003 B. Others payments 04 Income transferred from above deposits Sl. 02 to parent companies abroad 3004 C. Exchanges, Transfers and Adjustments.

05 Amount paid by way of transfer from Foreign Currency A/C maintained with other authorized dealers and/or conversion from other Foreign Currency.. 3005 06 Others (State) 3006 07 Closing Balance 3200 a) Credit balance of Foreign Currency A/C 3210 b) Amount held as L/C covers 3211 GRAND TOTAL: N.B.: This statement covers transactions of FC account of industrial concerns, gas/oil/other mineral exploration companies, power generation companies, mobile phone companies, non-bank financial institutions, NGOs, microfinance institutions and other organizations maintaining FC account with permission from Bangladesh Bank. Signature: Date:……………… Office seal Stamp with name, designation & Ph no.

See Chapter 2 Para 16.B APP. 8-I SCHEDULE RFCR‐1 FOR TRANSACTIONS IN FC A/C OF RESIDENT CORPORATE ENTITIES OTHER THAN EPZs As Equity Capital, Intra-Company Loan & Inter-Company Loan and others Name of the AD Bank………… For month…….Year……… Currency…….. Month code AD code Curr. code SL NO NAME OF RECEIPIENTS COMPANIES/OTHERS BOI REGISTRATION NO. / NGO BUREAU REG. NO. Country of origin Purpose code Amount Cr. Lac Th. Unit                          Signature: Date:……………… Office seal Stamp with name, designation & Ph no.

See Chapter 2 Para 16.B   APP. 8‐IV SCHEDULE RFCP‐1 AMOUNT DEBITED FOR IMPORT PAYMENT FROM FC A/C OF RESIDENT CORPORATE ENTITIES OTHER THAN EPZs. Name of the AD Bank………… For month…….Year……… Currency…….. Month code AD code Curr. code Sl no IMP Form   NO. Name of the company /others Quantity Amount   Code number Cate gory Unit Unit code Volume C r L T h Uni t Country of origin HS CODE                                           Signature: Date:……………… Office seal Stamp with name, designation & Ph no.            

See Chapter 2 Para 16.B   APP. 8‐V SCHEDULE RFCP‐2 AMOUNT DEBITED FOR INVISIBLE PAYMENT FROM FC A/C OF RESIDENT CORPORATE ENTITIES OTHER THAN EPZs Name of the AD Bank………… For month…….Year……… Currency…….. Month code AD code Curr. code Sl no Name of the company and others. Amount   Code number Category Cr L Th Unit Country Purpose                             Signature: Date:……………… Office seal Stamp with name, designation & Ph no.            

See Chapter 2 Para 16.B   APP. 8‐VI SCHEDULE RFCP‐3 PURCHASED BY ADS FOR TRANSFER TO S-1 IN ROW NO.9 Name of the AD Bank………… For month…….Year……… Currency…….. Month code AD code Curr. code Sl no Name of the company and others. BOI Registration No./NGO Bureau Registration No. FC A/C No.   Debited Amount in FC Cr L Th Unit                Signature: Date:……………… Office seal Stamp with name, designation & Ph no.            

See chapter 2 Para 16.C APP. 12 STATEMENT‐13 TRANSACTIONS IN FOREIGN CURRENCY A/C OF OTHER RESIDENT ENTITIES For month…….Year…… Name of the Authorized Dealer Bank…… Currency: USD/Pound/Euro/JPY….. Month code    AD  code        Currency code    Sl No DEPOSITS For BB’s Use AMOUNT Cr Lac Th Un 01 Opening balance 1301 02 Amount received from abroad to FC A/C of other resident entities during the month (Schedule RPFCR-1) 1302 03 Total amount deposited in RFCD A/C during the month (Cash/TC, etc) 1303 Exchanges, Transfers and Adjustments. 04 Total amount received by way of transfer from other FC A/C 1305 05 Total credit on account of interest earned 1306 06 Other receipts (State) 1307 GRAND TOTAL: WITHDRAWLS 01 Amount Debited from F.C account of other resident entities for Invisible Payments (Schedule RPFCP-1) 1311 02 Amount Debited from F.C account of other resident entities for Import Payments (Schedule-RPFCP-3) 1314 Exchanges, Transfers and Adjustments 03 Total amount paid by way of transfer to other FC A/C in Bangladesh. 1315 04 Amount encashed to taka Transferred to S-1 in row no. 9 1316 05 Total other payment (State) 1317 06 Closing balance 1318 GRAND TOTAL:

Signature: Date:……………… Office seal Stamp with name, designation & Ph no.             N.B: This statement covers the transactions of FC account as mentioned in chapter 13 (section 1 and section III (GFET, 2009, VOL-1) and related F.E. Circulars.

See chapter 2 Para 16.C APP. 12-I SCHEDULE RPFCR‐1 Amount Received From Abroad To FC A/C Of Other Resident Entities Name of the AD Bank………… For month…….Year……… Currency…….. Month code AD code Curr. code SL NO Name of country Country code Purpose code   Amount Cr. Lac. Th. Unit                           Total:        Signature: Date:……………… Office seal Stamp with name, designation & Ph no.            

See chapter 2 Para 16.C APP. 12-II SCHEDULE RPFCP‐1 Amount Debited From F.C A/C Of Other Resident Entities For Invisible Payments Name of the AD Bank………… For month…….Year……… Currency…….. Month code AD code Curr. code SL NO Name of country Country code Purpose Code Amount Category Cr. Lac. Th. Unit                                Total:           Signature: Date:……………… Office seal Stamp with name, designation & Ph no.

See chapter 2 Para 16.C APP. 12-1V SCHEDULE RPFCP‐3 Amount Debited From F.C Account Of Other Resident Entities For Import Payments

Name of the AD Bank………… For month…….Year……… Currency…….. Month code AD code Curr. code                                                                       Sl No . IMP No. Quantity Amount Code Category Unit Unit Code Volume Cr Lac Th Unit Country of origin HS COde                                        Signature: Date:……………… Office seal Stamp with name, designation & Ph no.