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BRAC Bank Corporate Banking



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OVERVIEW


Corporate Banking Division of BRAC Bank Ltd offers comprehensive suite of
products & services to cater the growing needs of corporate customers from
various business segments. Corporate Banking Division of BRAC Bank Ltd started
its operations on a full-fledged basis in 2009 and since then, it has evolved as
one of the most preferred financial partner of the corporate customers.




At BRAC Bank we have following leverage to provide you best corporate banking
experience:

 * A team of expert and dedicated relationship managers to identify your
   business requirement and provide you solutions through diversified products
   and services
 * Wide network throughout the country to identify remote most corporate
   customers and provide them with tailor made banking solutions
 * Extensive focus on Trade Business to serve trade based customers. A dedicated
   team present to address your trade requirements in most timely manner
 * Our Cash Management wing offers comprehensive portfolio of cash management
   services under one roof to enhance your business performance
 * Our continuous investment in technology will help you integrating various
   solutions under single umbrella and reduce dependency on manual
   correspondence

At BRAC Bank we see our customer as our partners and offer superior customer
service to gain the highest mind share. Our Corporate team is ready to provide
you best in class corporate banking services to become your most preferred Bank.

Let Our Financial Expertise

Power Your Business



Corporate Banking Product and Services Trade Products & Services Cash Management
Solution Custodial Services Corporate Internet Banking
Corporate Banking product suite consists of wide range of products and services
to cater customer requirements under various industries. This includes tailored
products for large manufacturing industries, service entities, RMG, buying
houses, MNCs, EPZ & EZ customers, DOs, project developers, supply chain concerns
etc. Over the period of doing business, the Corporate Banking Team has gained
the necessary experiences and expertise to serve complex financial deals with
convenient solutions.


Major product & services under Corporate Banking are:

 * Working Capital Financing
 * Capital Machinery Financing
 * Project Financing
 * Lease Financing


Working Capital Financing

To meet financing requirements under day-to-day operational activities, we offer
Working Capital facilities with a pool of credit products to meet your everyday
import requirement, local procurement, Duty & VAT payments, overhead expenses,
advances against receivables, work order finance etc. Some of the notable
working capital products are:

 * LC facilities (Sight, Defer & UPAS)
 * LATR & Import Loan
 * Revolving Loans
 * Short Term Demand Loan
 * Overdraft
 * Bill Purchase

Working capital facility is available in both local and foreign currency subject
to eligibility under relevant regulatory guidelines.


Capital Machinery Financing

Growth of your business depends on investing in best quality of machineries. At
BRAC Bank we finance for procuring new & reconditioned machineries from renowned
suppliers across the globe. Both short term and long term loan facilities are
available with customizable repayment terms to retire your capital machinery.
This facility also includes financing for green equipment and various safety &
security items. We are able to offer you competitive pricing due to our highest
credit rating and access to multiple international lenders.


Project Financing

BRAC Bank Limited is providing financing facilities to new projects and
expansion of existing facilities in line with your future cash flow streams. We
are nominated Bank for IPPF, LTFF and various other refinancing schemes of
Bangladesh Bank and other multilateral bodies to offer you attractive terms for
your project expenses. We have also arranged various syndication facilities to
arrange large amount fund from participating banks against our customer
requirement.

Lease Financing

One of the more convenient long-term sources of acquiring capital machinery,
equipment and vehicle is lease finance. We have a large portfolio of lease
finance combining lease financing to acquire commercial vehicles, capital
machineries and equipment. BRAC Bank has experience track record in lease
finance and offering competitive pricings against your lease financing
requirements.






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:

 * Letter of Credit (Sight, Usance, UPAS)
 * Back to Back Letter of Credit (BBLC)
 * Import Documents Handling
 * Import Loans i.e. LATR, EDF, UPAS, Term Loan
 * Shipping Guarantee

 * Delivery Order
 * Export LC (Advise & Transfer)
 * Export Bill Negotiation
 * Export Financing i.e. LDBP & FDBP
 * Letter of Guarantee

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




Cash Management Products :


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:

 1.  24/7 Universal Access
 2.  Straight Through Processing of Single and Bulk transaction
 3.  Supports Internal Fund Transfer (IFT), BEFTN, and RTGS payments
 4.  Both Instant and Future Value Dated payments
 5.  Full Control Over Receivables Via Direct Debit Solution- Both Adhoc and
     Periodic Basis
 6.  Online VAT Payment via Direct API Connectivity with NBR
 7.  Online Customs Duty payment to 14 different customs offices in Bangladesh
 8.  System Generated Vouchers, Customizable Reports, Invoices, and Statements
     Download for Easy Reconciliation
 9.  Automated Payee Advice to Beneficiaries
 10. Security Ensured by Two Factor Authentication (2FA)
 11. Fully Secured Platform (Deloitte Certified)
 12. No Annual/Maintenance Fee
 13. Unlimited Volume and Number of Transactions

To know more or for any queries please send a mail to
corpnetsupport@bracbank.com


COPRNET FAQ

FORMS CENTER

GET A CALL BACK

--------------------------------------------------------------------------------


CORPNET FAQ

--------------------------------------------------------------------------------

1. What is CORPnet?

CORPnet is an Internet Banking Facility of BRAC Bank for its CORPORATE Clients
which will provide them with a Digital Payment & Collection Solution.

2. What are the key features?

 * Internal Fund Transfer (IFT): 24/7 payments from your BBL account to other
   BBL accounts with real time settlement.
 * External Fund Transfer (EFT): 24/7 payments from your BBL account(s) to other
   bank accounts. Settlement will be as per Bangladesh Bank’s guideline.
 * Real Time Gross Settlement (RTGS): Make payments from your BBL account(s) to
   other bank accounts using Bangladesh Bank’s RTGS channel. Transaction(s) will
   be settled in real time within Bangladesh Bank’s cut-off time.
 * Direct VAT & VDS payment with real time settlement using the RTGS channel.
 * Customs Duty: Automated customs duty payments to 14 different customs house
   using the RTGS channel with real time settlement.
 * Direct Debit: Automated pulling of funds from company’s account(s) held with
   other banks or from beneficiary’s accounts. Both ad-hoc basis and standing
   instruction based pulling can be done.

3. What are the key benefits?

 * Secured platform: Platform has been incorporated with two factor
   authentication and certified by Deloitte.
 * User friendly interface: Platform has been designed to provide most
   convenient user interface to the client
 * Round the clock access: the platform can be accessed 24x7
 * Global availability: scope of accessing the system and performing
   transactions from anywhere on the globe
 * Transaction details view: Real-time balance and transaction level information
   can be downloaded in multiple formats
 * Customer convenience: Customer has the freedom to upload batch for bulk
   processing. Multiple payment instructions can be processed through single
   spreadsheet.
 * Digital solution: Absolutely paper less banking. No further signed copy
   instruction required to perform transaction; as everything will be done
   digitally.

4. What are the charges involved?

The platform is free to use with no transactional and maintenance fees. RTGS
charges will be waived if paid through CORPnet. But for each approver (person
giving the final approval) a hardware token is mandatory through which OTP will
be generated. There is a one-time charge applicable for Hardware Token which is
BDT 5000+Vat.

5. Do the user need to install a separate software?

No, all the user need is a stable Internet Connection and an updated internet
browser.

6. Can the company make payments to other banks as well?

Yes, the payment instruction provided by the company for other bank transfer
will be sent to Bangladesh Electronic Fund Transfer Network (BEFTN) or the RTGS
network and can be routed to the relevant bank considering they are under the
same network.

7. Do the user(s) need to be in the country while making/approving transaction?

CORPnet users can initiate/approve transaction(s) from anywhere in the world.

8 .Is there a separate mobile app for the application?

Currently the platform is web based and separate app is yet to be introduced.
However, the platform is supported any hand held devices.

9. Can the user(s) access from smartphone?

Yes, the user(s) can access from Android OS & Mac OS devices.

10. Can the user(s) download account statements?

Yes, the user(s) can generate account statements 24/7 from the platform for the
last 12 months.

11. In which format the reports can be downloaded?

The reports can be downloaded in pdf/excel format.

12. Is the platform user friendly?

The platform is very much user friendly.

13. How the approvers will give their approval in the platform?

The approvers will be provided with a hardware token/software token from where
he/she can generate an OTP. After OTP validation in the platform that
transaction will be approved.

14. Can the platform send payee advice to the beneficiaries?

Yes, CORPnet is capable to send payee advice to the beneficiaries provided the
user inputs the e-mail addresses of the beneficiaries while initiating
transaction(s).

15. What sort of reports are available in the platform?

Different types of transaction reports can be generated in the platform for
different transaction status. Furthermore, the user(s) can generate
invoice/payment slip against all transactions that were made in the platform.
Batch-wise file summary report and voucher(s) can also be generated.

16. Will the user(s) get any transaction alert for transactions made through the
system?

Yes, all the relevant stakeholders will get an e-mail alert for each steps of
the transaction.

17. Is there any cut-off time for initiating transaction in the platform?

For BBL to BBL account transfer, there is no cut-off time. User can initiate
transaction 24/7 and the fund will be settled instantly. EFT & RTGS transactions
will follow the below time slabs:

EFT Transactions:

Time Frame Settlement Period 10 am to 1 pm Same day second session i.e. after 1
pm (normally fund is settled at around 5 pm- 7pm) 1 pm to 5 pm Next day first
session i.e. from 10 am to 1 pm After 5 pm till the time BEFTN network opens the
next day Will follow the first slab for settlement

RTGS Transaction:

Time Frame Settlement Period 10 am to 3:30 pm Real Time

*Since RTGS transactions are real time, the user can only do RTGS transaction on
the above time frame. After 3:30 pm RTGS transactions can not be processed.

18. Can the user login the platform using 2FA validation?

This is an optional feature in CORPnet and can be incorporated if the company
wants.

19. Is there any limit on the volume of transaction that can be initiated
through CORPnet?

There is no maximum or minimum limit for IFT & EFT transactions. But for RTGS
transactions, as per BB guideline, the minimum amount should be BDT 1 lac.

20. Is there any transaction related charges applicable for CORPnet?

Initiating IFT/EFT/RTGS transactions are completely free in CORPnet. Although a
BDT 100 (VAT inclusive) charge is applicable for each RTGS transaction (as per
BB rule), but it is waived for CORPnet platform.

21. What is the minimum & maximum number of users that can use the CORPnet
platform for a company?

 * The minimum number is 3 (one maker, one checker, and one approver) and the
   maximum number can be as per client’s requirements.
 * *The minimum number can be 2 as well if the client opts dual role for the
   same user. At present, a single user can have both Maker and Checker role or
   Checker and Approver role.  
 * *The minimum number can be 2 as well if the client opts for H2H connectivity
   in which case they will only need a checker and an approver. The required
   number of users is subject to change depending on the board resolution of the
   client.

22. Do the client need to submit any hard copies to the bank for making any
transaction in CORPnet?

No, this is absolutely paperless banking. No need to submit anything to bank
end.

23. Can the client change their User matrix in the future?

Yes, they can by submitting a service request form with proper signatures and
seals.

24. What are the roles that are available in CORPnet?

 * Maker: Will initiate the transaction in the platform.
 * Checker: Will authorize the transaction
 * Approver: Will give final approval to the transaction

25. Can the same person be in multiple role for a particular company?

Yes, a single user can get either Maker and Checker role or Checker and Approver
role. No single user can have all the three roles.

26. Can the system be integrated with ERP?

Yes, the system is capable of SFTP integration with the company’s ERP.

27. Can the user input customized narration for each transaction?

Yes, the user can input customized narrations for each transactions or for the
batch file as a whole.

28. Can the client initiate all the transactions in a single excel file?

Right now there are two types of transaction module in CORPnet. In one module,
the client can initiate bulk IFT/EFT/RTGS transactions in separate excel files.
In the second module, client can initiate all types of transactions in a single
excel file. However, in single file mode, the mode of debit is always multiple
by default.

29. Can the approvers’ check who initiated/authorized the transaction in the
platform?

Yes, they can.

30. Is software token available for approvers to give OTP validation?

Both hardware and software token are available. The user has to choose either
one for transaction approval.

31. What are the annual charges for using CORPnet?

No annual charges for using CORPnet. For other charges information, refer to FAQ
4.

32. Can any e-mail address be used for registration?

It is highly advised to use company domain email IDs. However, registration can
also be done with any third party e-mails (e.g. gmail, yahoo, hotspot etc.) .

33. Can a user register for two companies using the same e-mail ID or mobile
number?

Yes, if the user is part of a group company and needs access to multiple
concerns, he can register using the same e-mail ID and mobile number for all
concerns.

34. Is it possible to not receive any notifications from CORPnet for any
transactions?

Yes, please notify your Relationship Manager or send a mail to
coprnetsupport@bracbank.com.  

35. Whom do I contact if I have any queries regarding CORPnet?

Please send a mail to coprnetsupport@bracbank.com.

36. Can the user initiate future dated transactions using CORPnet?

Yes, the user(s) can initiate future value dated payments using CORPnet and they
will be settled on that day.

37. Can the client issue cheques or pay orders using CORPnet?

No, right now this option is not available in CORPnet.

38. What kind of requests can the user raise using CORPnet?

You can raise service requests related to Hardware Token or Software Token
issues in CORPnet.

39. Can the user transact in foreign currency in CORPnet?

No, right now only local currency (BDT) transfer is possible in CORPnet.

40. Can the same user(s) access multiple modules?

Yes, they can.

41. Can the company restrict access as per module?

Yes, they can.

42. Where can I get the forms required for enrollment?

Please send a mail to corpnetsupport@bracbank.com or go to the forms center.

43. Can anyone be an approver in CORPnet or do they need to be an account
signatory?

Anyone can be an approver if he is an account signatory or added as an online
signatory for CORPnet.

44. What sort of companies can we on-board in this platform?

We can on-board private/public limited, government organizations, sole
proprietorship, partnership companies etc. in CORPnet.

45. Can the user request for a demonstration of the CORPnet platform?

Yes, they can. Please send a mail to corpnetsupport@bracbank.com or leave your
information in ‘Get a Call Back’ and our dedicated team will get back to you.


FORMS CENTER

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1. Guidelines on Filling up the Form.

2. Board Resolution Template.

3. CORPnet Enrollment Form V.1.

4. Forwarding Letter.

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